Brighton to acquire South Liberty oil field lease
  by: OilOnline
  Thursday, September 21, 2006

Brighton Oil Inc. has entered into a contract to acquire The South Liberty Oil Prospect, in Liberty County, Texas which covers three lease prospects: The Gulf Crown Central Lease, the Fisher Lease and the T&NOOR lease.

The prospect consists of 9 Yegua wells on the leases which have depths of 5,000 to 9,000 feet, three producing wells and 4 work-over wells. It is expected that the 4 work-over prospects will generate in the range of 100 to 200 barrels per day of oil production. A new well to be drilled will be the Gulf Crown #6. Anticipated reserves range for this well are between 250,000 barrels of oil and 1/2 Bcf of gas. The project will consist of completing the work-overs and re-entry of the existing wells. Then doing an Up-Dip on the Humble-Simms #16, which will allow access to three deeper sands within the Orange Massive formation.

This project is an exciting project for Brighton Oil since it offers existing production, ongoing work-over opportunities as well as new drilling into established formations and zones of production.

The new wells to be drilled will be based upon the present Exxon Farmout agreement which exists on the lease.

Operations on the lease will begin within the next three weeks.