Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Brinx Resources Ltd. (BNXR) Reports Update On Oil And Gas Operations In The United States

|Includes: Brinx Resources Ltd. (BNXR)

Brinx Resources Ltd. recently disclosed an update on the company's oil and gas operations in the United States. The company has interests in various projects in Oklahoma and California.

Brinx Resources started drilling the SBV-2-32 well at the King City Project in California in November 2011. The company reached the total targeted depth of 3,468 feet in seven days and installed casing and cement to enable production.

Brinx Resources determined after analyzing well logs from the SBV-2-32 well that two hydrocarbon formations held amounts of crude oil that could be commercially developed.

Brinx Resources reported that the first formation was approximately 30 feet thick and contained crude oil with an API gravity of 12 degrees. The second formation was approximately 70 feet thick and had crude oil present with an API gravity between 17 and 18 degrees.

Brinx Resources expects to complete further tests on the two hydrocarbon formations over the next 30 days and then begin completion operations on the SBV-2-32 well. The company also plans to drill additional wells at the project site in 2012.

Brinx Resources became involved in the King City Project in 2009 through a farm out agreement with Sunset Exploration. The project consists of 10,000 acres in Monterey County, California.

For more information on the company, go to brinxresources.com

Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net