LAS VEGAS, Jan. 27, 2010 (GLOBE NEWSWIRE) -- Two recent news releases from Brinx Resources (OTCBB:BNXR) published amid an enormous swell of interest in the equity present a bright future for the emerging oil and gas company. The first event, published just yesterday, reports that the company has successfully completed the first well at the 09-3 Oklahoma Project and that initial flow tests indicate a "significant new discovery." These are strong words from an oil and gas entity, akin to hearing 'new patent' in the technology field or the identification of a new compound in the biotechnology space.
Moreover, the company is enthusiastic with Brinx president Larry Halterman stating that, "Additional revenues to be garnered by a new discovery well such as this will undoubtedly aid in expansion of company developments, and in turn, continue to create value for our shareholders."
And this morning the company followed up with a glimpse into the future, confirming that it will participate in a new "two well" drill program that should draw the attention of investors who value Brinx's successes thus far.
Again, Halterman is optimistic. "The company is excited to continue its expansion of its successful Oklahoma Project,” says Halterman. “We’ve achieved a high success rate thus far with the neighboring drill programs, and therefore look forward to positive results from the new 09-4.”
Given the precipitous rise in volume for this intriguing and very active oil and gas play, investors would be wise to closely follow trading and news.
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