Daybreak Oil and Gas, Inc. announce a new oil discovery in its first well in the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-1 well was drilled to a measured depth of 4,036 feet and a vertical depth of 1,171 feet.

Logs and other measurement data indicate that the horizontal section of the well bore encountered 2,588 feet of oil-bearing sandstone. Production casing has been set and the well will be completed for production and testing as soon as possible.

The drilling rig has been released for a short-term commitment to drill two wells for another operator in the area; and will then return to drill the next scheduled well in the Company's Kentucky drilling program, the Dillon H-6 well.

The Company and App Energy, LLC, the operator, plan to drill up to five more wells before the end of the calendar year.

Tags: Daybreak Oil and Gas