DBRM: Daybreak Enters Into Production
Monday June 19, 6:30 am ET
SPOKANE, Wash., June 19 /PRNewswire-FirstCall/ -- Daybreak Oil and Gas, Inc. (OTC Bulletin Board: DBRM. OB) a Washington Corporation, today announced that Daybreak has entered into production by successfully completing their "F1" well in NE Louisiana.
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Daybreak completed the F1 well late Friday, and began flowing natural gas on Saturday, June 17, 2006. The natural gas is being sold through a newly completed pipeline.
Daybreak contemplates having a contract to sell its oil production from the F1 well within the next few days. Currently Daybreak is storing the oil production in tank batteries on site.
Robert Martin, President of Daybreak is quoted as saying, "The start of production from the F1 well is a significant event for Daybreak. The F1 well is our initial cash flow project and confirms our confidence in this field for future production".
