CHANG CHUN, CHINA — (Marketwire) — 04/04/12 — Breezer Ventures Inc. (BRZV) (OTCQB: BRZV) (“Breezer Ventures Inc.” or the “Company”) is pleased to announce an operations update for Well #6 of the Jackson production area.
Breezer was successful in drilling into the top two meters of a ten meter thick Moran Sand oil rich formation. The Company had good initial production of oil and gas and is now seeking to increase the oil flow through hydraulic stimulation.
The Company is also looking to test the potential of the Winchell Lime and the Patio segment of the Palo Pinto formation that are located above the Moran Sand in the Jackson #6. Historical data indicates that the Patio Sand has an initial potential of 20 to 40 barrels per day oil production plus associated gas. The Winchell Lime has not been tested in this area and could possibly be a new wildcat discovery for the Company. The Company is in the immediate process of assembling the necessary resources to proceed with drilling into these other oil rich zones.
About Breezer Ventures Inc.
Breezer Ventures Inc. (OTCQB: BRZV) () is an oil and gas exploration and production Company engaged in oil production and its associated activities including: exploration, extraction, processing, and reclamation. The Company specializes in sustainable, low-cost oil and gas production which delivers value from efficiency. The Company currently owns and operates Well #6 located in the Jackson Oil and Gas leases located in Texas.
Forward-Looking Statements
This current report contains “forward-looking statements”, as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, continuing production from the “Jackson Oil and Gas Leases”, or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with oil and gas exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of oil and gas prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF BREEZER VENTURES INC.
Tang Xu, Director
Contacts:
Breezer Ventures Inc.
Tang Xu
Director
949-419-6588