Here you go buddy..sorry it took so long for the reply
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Ranken Energy Corp
Brinx Resources Ltd. elected to participate in Ranken Energy’s 2008-3 programs The 2008-3 program is composed of four, 3-D seismically defined separate prospects with one exploratory well in three of the prospects and two in the forth prospect. Targeted pay zones include the prolific Oil Creek and Bromide Sands, Viola Limestone, Deese Sandstone and Layton Sandstone. All of these prospects combined have the potential to have reserves in excess of 500,000 barrels of oil and over one billion cubic feet of natural gas. One of the wells has very similar geology and structure to the Bromide sands in the successful Owl Creek field formerly owned by Brinx and other partners.
The exploratory drilling portion of this program was completed in early April 2009. Four of the five well in the program were successful and production casing has been set on all four successful wells. All of the successful wells encountered multiple potential pay zones. The first well in the program has been completed and completion of the second well is underway.
The first well completed was perforated over a large interval and then fracture treated. After recovering a minimal amount of the water used to fracture treat the well started flowing load water, oil and natural gas. Currently the well flowing naturally producing and selling natural gas at above commercial rates and the produced oil will be sold as soon as a separator is installed. The second well in the program has been perforated and acidized and is awaiting the fracture treatment. Completion of the remaining two well should start within the next month.
Recent dramatic drops in the cost of drilling and completing wells has been evaluated by Brinx Resources’ leading to the decision to resume participating in exploring for oil and gas. It is anticipated that the successful wells in this program will lead to additional development wells that can be drilled when oil and gas prices recover. These potential well locations and those that already have been identified on Brinx’s other two prospects, both which are still producing economic quantities of oil and gas, should give Brinx ample locations to drill when prices recover.
Startigraphic Column South Central Oklahoma
Regional Map
Overview
Ranken Energy
Three Sand Project
Palmetto Prospect
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Three Sands project
Brinx Resources Ltd. In 2005 acquired a working interest in the Three Sand Project located in Northern Oklahoma. Brinx has signed an agreement and purchased an undivided 40% working interest in the Three Sand Project which is comprised of 880 acres in Noble County, Oklahoma.
Since the projects inception Brinx and Vector Exploration, Inc., the operator and partner for the Three Sands Project has drilled or re-entered a total of five wells which included the Kodesh #1 saltwater disposal well, the Kodesh #2 ,Williams #4-10, KC-80 #1=11, and the Dye Estate #1 oil and gas wells. All of these wells are still producing oil and gas and despite lower oil and gas prices contribute to a positive cash flow from the project.
This project holds a minimum of 20 undrilled locations that can be drilled and tested when oil and gas prices have recovered or drilling cost have dropped sufficiently to warrant further drilling. At the present time additional acreage in the project area is being evaluated for possible acquisition to further expand the lease hold position of the project.
Background
The historic Three Sands Field was drilled on 10 acre spacing in the 1920s and 1930s and was very active in producing over 200 million barrels of oil and an unknown amount of gas from a six section (3800 acres) area. However, during this period, most wells were abandoned within twenty years as the wells became commercially unviable due to the lack of technology. In particular, during this period, technology was not available, as it is today, to handle high volumes of water and its subsequent disposal. Nor was it capable of drilling in areas where the tightness of rock limited flow.
Today's technology has changed all this. And, the most recent exploration of the Field (including active production on adjoining and nearby properties) has verified that significant amounts of oil and gas remain in the historic Three Sands Field. The technology of today is now allowing active production in the high water zones. Moreover, with the help of new fracturing techniques, production is also occurring in zones that were not previously produced because of the tightness of the rock. Also, new logs have helped locate these zones re-activating the Field and once again making it commercially viable and profitable.
The Project
Geologically this field is a balded structure in which a combination of structure and erosion has aided in producing the prolific field. Pay zones in the project vary from the Arbuckle to the Pennsylvanian and are productive over a 5000-foot interval that starts at less than one thousand feet from the surface. In a recently drilled test more than two dozen pay zones were encountered (some of which have not been produced) which represent additional untapped reserves. These reserves would have been completed, but were not of interest in the 1920s due to the lack of technology. The same is true for most of the field.
The primary target of this project is the prolific Arbuckle, Wilcox and Viola Formations. These were the deep pay zones in first discovered in the field, and in addition to the oil they produced, large amounts of water were eventually produced forcing the abandoned of the well. Today, with down hole electrical high volume pumps and adequate disposal wells the problem has been overcome to create a profitable long-term project. The other pay zones that have been identified add significantly to the project's over payback and lifespan.
Overview
Ranken Energy
Three Sand Project
Palmetto Prospect
© 2009 Brinx Resources Ltd.
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Palmetto Prospect
Brinx Resources agreed to purchase for cash, a 10% working interest in an initial 10-hole drilling program at Palmetto Point, Mississippi. This was latter expanded to include additional exploration and development wells. The targets were primarily but not exclusively natural gas in the Frio Formation.
Drill locations are typically identified by 3D seismic and the Company notes that over 80 targets have already been identified. The operator has acquired or shot extensive areas of both 2D and 3D seismic and has a long history of operations in the area. The operator of the drilling program is Griffin & Griffin Exploration, L.L.C., which has drilled, owned or operated more than 100 Frio wells in the region.
The program resulted in a few dry holes but numerous successful natural gas wells were drilled and placed into production some them also have oil bearing zones located behind-the-pipe that have not yet been completed or produced. The last hole in the initial 10 well program, the PP F-12, intercepted over 25 feet of oil bearing sand in what is now know as the Belmont Lake Oil Field. This well was offset by two wells with one of them containing only thin oil bearing sand and the other the PP F-13 intercepted approximately the same amount of sand as the PP F-12 contained. Both of these wells were completed as naturally flowing oil wells each producing at rates of over 100 barrels of oil per day. These wells were produced for only a few months when flooding forced the wells to be shut in. Floodwaters have receded and operations are underway to install equipment so that the wells can be placed back into production and that future flooding of the area will not create a problem.
The Belmont Lake Oil Field has had a reserve report prepared to SEC standards by registered professional engineers. Based upon this study it is estimated that the field contains over three-quarters of a million barrels of recoverable oil. Drilling of additional development wells will take place latter this year or early next year.
Map
Overview
Ranken Energy
Three Sand Project
Palmetto Prospect
© 2009 Brinx Resources Ltd.
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Overveiw
Ranken Energy
Brinx Resources Ltd. has elected to participate in Ranken Energy’s 2008-3 programs The 2008-3 program is composed of four, 3-D seismically defined separate prospects with one exploratory well in three of the prospects and two in the forth prospect. Targeted pay zones include the prolific Oil... More...
Three Sand Project
Brinx Resources Ltd. has acquired a new oil & gas asset-the Three Sand Project-in Oklahoma. Brinx has signed an agreement to purchase an undivided 40% working interest in the Three Sand Project which is comprised of 880 acres in Noble County, Oklahoma. Vector Exploration, Inc., the operator and partner for the Three Sands Project has initiated the second stage of the Three Sands Project, which is now in progress-the drilling and completion... More...
Palmetto Prospect
Brinx Resources agreed to purchase for cash, a 10% working interest in an initial 10-hole drilling program at Palmetto Point, Mississippi. This was latter expanded to include additional exploration and development wells. The targets were primarily but not exclusively natural gas in the Frio Formation. Drill locations are typically identified by 3D seismic and the Company notes that over 80 targets have already been... More...
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