FORT WORTH, TX, March 8, 2013 /PRNewswire/ - Breezer Ventures Inc. (BRZV) (OTCQB:BRZV.PK) ("Breezer" or the "Company") is pleased to provide an update of its operations in the Jackson Oil and Gas Leases located in Texas.
In March 2012, the Company drilled on Well #6 into the Moran zone. The Company achieved initial production and is currently studying how to increase the oil production.
In April 2012, the Company signed a joint venture agreement with Tristar Energy Group Inc. and Firecreek Global Inc. to jointly invest $2,475,000 to develop fourteen oil and gas wells on the Jackson property.
In July 2012, the Company and the joint venture partners drilled on Well #11 into the Moran zone. A very large fracture stimulation was also performed. There are indications that oil is starting flow with promising shows on the flow tests.In December 2012, the Company and the joint venture partners drilled on Well #C-1 to the Tannehill formation. We are achieving some oil production from that zone and are testing completion techniques to improve the initial production potential. Building upon a successful 2012, Breezer is poised to commence a busy 2013 year with more drilling and expectations of steady oil production. The Company is also looking at other acquisitions to bolster its inventory of drillable prospects. About Breezer Ventures Inc. Breezer Ventures Inc. (OTCQB:BRZV.PK) www.breezerventures.com 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 and also has options on various wells 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.
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