Daybreak Oil and Gas Inc (DBRM)

[Mr Chow]

NEW NEWS


Daybreak Oil and Gas, Inc. Announces the Start of 2014 Kentucky Drilling Program

SPOKANE, WA, Mar 20, 2014 (eTeligis.com via COMTEX) Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the start of the 2014 - 2015 fiscal year development drilling program, in which the Company plans to participate in drilling approximately 20 development wells at the Twin Bottoms Field in Lawrence County, Kentucky.The first of these wells, the Gerald Grove H-7 well, was spud on March 19, 2014.The Company and the Operator, App Energy LLC ("App"), plan to subsequently drill the Gerald Grove H-8, H-9 and H-10 wells.At the completion of the fourth well, the rig will be released to a nearby operator whereby that company will use the rig to drill four wells.At the end of the four-well drilling cycle, Daybreak and App will regain use of the rig to drill another four wells at the Twin Bottoms Field.It is planned to continue utilizing the drilling rig in a rotating manner for the remainder of this fiscal year, until the proposed 20 wells are drilled.