Daybreak Oil & Gas (DBRM) 0.0748 $DBRM
Daybreak Oil and Gas, Inc. Announces Record Initial Production Rate on New Oil Well in Kentucky
PR Newswire - Thu Jan 29, 10:06AM CST
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce that the Jackson H-20 oil well at the Twin Bottoms Field in Lawrence County, Kentucky was put on production January 20, 2015. The initial flow rate from the Jackson H-20 well is approximately 520 barrels of oil per day. A 30-day flush production rate will be reported in late February 2015.
Daybreak Oil and Gas, Inc. Provides Operational Update
eTeligis - Mon Jan 12, 8:11PM CST
SPOKANE, WA, United States, via ETELIGIS INC., 01/12/2015 - - SPOKANE, WA /ETELIGIS/ Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company" , a Washington corporation, is pleased to provide an operational update to both its Kentucky and California operations.
Daybreak Oil and Gas, Inc. Provides Operational and Financial Update
Marketwired - Fri Oct 10, 2:10PM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company" , a Washington corporation, is pleased to provide an update on its operations in Kentucky and California. On October 10, 2014 the Company filed its quarterly report on Form 10-Q with the Securities and Exchange Commission for the period ended August 31, 2014. Portions of its previously disclosed financial and operating results are summarized in this release.
Daybreak Oil and Gas, Inc. Continues Oil Well Drilling Success in Kentucky
eTeligis - Fri Sep 12, 8:40AM CDT
SPOKANE, WA, United States, via ETELIGIS INC., 09/12/2014 - - Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company" , a Washington corporation, is pleased to announce the successful drilling of its tenth and eleventh horizontal oil wells at the Twin Bottoms Field in Lawrence County, Kentucky. The Raymond Lyons H-23 ("H-23" oil well was drilled to a measured depth of 4,676 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,338 feet of oil-bearing sandstone. The Raymond Lyons H-24 ("H-24" oil well was drilled to a measured depth of 4,933 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,547 feet of oil-bearing sandstone. The H-23 and the H -24 oil wells are scheduled to be hydraulically fractured on or about September 22nd and 29th, respectively. A central production facility will be built on the joint H-23 and H-24 location to service these and future wells. Due to the rough terrain, the facility construction cannot begin until these two wells are hydraulically fractured and completed. Initial production from the H-23 and H-24 oil wells is expected to occur near the end of October 2014. Once production is established, the Company will provide an update, however; stabilized production rates will not be provided until, at least, 45 days after first production.
Daybreak Oil and Gas, Inc. Amends Loan Agreement to Secure Additional Drilling Capital and Decrease Interest Rate
Marketwire - Wed Aug 27, 9:01AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company" , a Washington corporation, announced that effective August 21, 2014, the Company negotiated an additional advance of $2,200,000 under its credit facility with Maximilian Resources LLC, a Delaware limited liability company (the "Lender" . Advances made by Lender under the Amended and Restated Loan and Security Agreement dated as of August 28, 2013 (the "Loan Agreement" had already exceeded the Lender's minimum commitment. Furthermore, the Lender agreed to temporarily decrease the required monthly payment made by the Company until a savings of $1,000,000 is realized by the Company. Additionally, the interest rate applicable to the loan under the credit facility was reduced from 12% per annum to 9% per annum. The Lender also agreed to decrease the default interest rate by 3%. The combined $3,200,000 in additional capital will be used by the Company to drill up to four development wells on its Twin Bottom Fields acreage in Kentucky and to loan funds to its Kentucky drilling partner, App Energy, LLC, for its portion of the anticipated four additional wells.
Daybreak Oil and Gas, Inc. Announces Continued Production Results in Kentucky
Marketwire - Tue Jul 08, 10:20AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company" , a Washington corporation, is pleased to announce that the Gerald Grove H-9 and H-10 wells at the Twin Bottoms Field in Lawrence County, Kentucky were put on production on June 30, 2014. The combined initial flow rate from both wells is approximately 630 barrels of oil and 150 Mcf of natural gas per day. Separately, the Gerald Grove H-9 well initial flow rate is approximately 340 barrels of oil and 75 Mcf per day of natural gas. The Gerald Grove H-10 well initial flow rate is approximately 290 barrels of oil per day and 75 Mcf per day of natural gas.
Daybreak Oil and Gas, Inc. Announces Initial Production Rates on New Kentucky Wells
Marketwire - Thu Jun 12, 10:45AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company" , a Washington corporation, is pleased to announce that the Gerald Grove H-7 and H-8 wells at the Twin Bottoms Field in Lawrence County, Kentucky were put on production on June 10, 2014. The combined initial flow rate from both wells is approximately 570 barrels of oil and 150 Mcf of natural gas per day. Separately, the Gerald Grove H-7 well is producing approximately 330 barrels of oil and 75 Mcf per day of natural gas, and the Gerald Grove H-8 well is producing approximately 240 barrels of oil per day and 75 Mcf per day of natural gas.
Daybreak Oil and Gas, Inc. Announces Record Initial Production Rate on New Oil Well in Kentucky
PR Newswire - Thu Jan 29, 10:06AM CST
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce that the Jackson H-20 oil well at the Twin Bottoms Field in Lawrence County, Kentucky was put on production January 20, 2015. The initial flow rate from the Jackson H-20 well is approximately 520 barrels of oil per day. A 30-day flush production rate will be reported in late February 2015. Daybreak Oil and Gas, Inc. Provides Operational Update
eTeligis - Mon Jan 12, 8:11PM CST
SPOKANE, WA, United States, via ETELIGIS INC., 01/12/2015 - - SPOKANE, WA /ETELIGIS/ Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to provide an operational update to both its Kentucky and California operations. Daybreak Oil and Gas, Inc. Provides Operational and Financial Update
Marketwired - Fri Oct 10, 2:10PM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to provide an update on its operations in Kentucky and California. On October 10, 2014 the Company filed its quarterly report on Form 10-Q with the Securities and Exchange Commission for the period ended August 31, 2014. Portions of its previously disclosed financial and operating results are summarized in this release. Daybreak Oil and Gas, Inc. Continues Oil Well Drilling Success in Kentucky
eTeligis - Fri Sep 12, 8:40AM CDT
SPOKANE, WA, United States, via ETELIGIS INC., 09/12/2014 - - Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce the successful drilling of its tenth and eleventh horizontal oil wells at the Twin Bottoms Field in Lawrence County, Kentucky. The Raymond Lyons H-23 ("H-23" oil well was drilled to a measured depth of 4,676 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,338 feet of oil-bearing sandstone. The Raymond Lyons H-24 ("H-24" oil well was drilled to a measured depth of 4,933 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,547 feet of oil-bearing sandstone. The H-23 and the H -24 oil wells are scheduled to be hydraulically fractured on or about September 22nd and 29th, respectively. A central production facility will be built on the joint H-23 and H-24 location to service these and future wells. Due to the rough terrain, the facility construction cannot begin until these two wells are hydraulically fractured and completed. Initial production from the H-23 and H-24 oil wells is expected to occur near the end of October 2014. Once production is established, the Company will provide an update, however; stabilized production rates will not be provided until, at least, 45 days after first production. Daybreak Oil and Gas, Inc. Amends Loan Agreement to Secure Additional Drilling Capital and Decrease Interest Rate
Marketwire - Wed Aug 27, 9:01AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, announced that effective August 21, 2014, the Company negotiated an additional advance of $2,200,000 under its credit facility with Maximilian Resources LLC, a Delaware limited liability company (the "Lender" . Advances made by Lender under the Amended and Restated Loan and Security Agreement dated as of August 28, 2013 (the "Loan Agreement" had already exceeded the Lender's minimum commitment. Furthermore, the Lender agreed to temporarily decrease the required monthly payment made by the Company until a savings of $1,000,000 is realized by the Company. Additionally, the interest rate applicable to the loan under the credit facility was reduced from 12% per annum to 9% per annum. The Lender also agreed to decrease the default interest rate by 3%. The combined $3,200,000 in additional capital will be used by the Company to drill up to four development wells on its Twin Bottom Fields acreage in Kentucky and to loan funds to its Kentucky drilling partner, App Energy, LLC, for its portion of the anticipated four additional wells. Daybreak Oil and Gas, Inc. Announces Continued Production Results in Kentucky
Marketwire - Tue Jul 08, 10:20AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce that the Gerald Grove H-9 and H-10 wells at the Twin Bottoms Field in Lawrence County, Kentucky were put on production on June 30, 2014. The combined initial flow rate from both wells is approximately 630 barrels of oil and 150 Mcf of natural gas per day. Separately, the Gerald Grove H-9 well initial flow rate is approximately 340 barrels of oil and 75 Mcf per day of natural gas. The Gerald Grove H-10 well initial flow rate is approximately 290 barrels of oil per day and 75 Mcf per day of natural gas. Daybreak Oil and Gas, Inc. Announces Initial Production Rates on New Kentucky Wells
Marketwire - Thu Jun 12, 10:45AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce that the Gerald Grove H-7 and H-8 wells at the Twin Bottoms Field in Lawrence County, Kentucky were put on production on June 10, 2014. The combined initial flow rate from both wells is approximately 570 barrels of oil and 150 Mcf of natural gas per day. Separately, the Gerald Grove H-7 well is producing approximately 330 barrels of oil and 75 Mcf per day of natural gas, and the Gerald Grove H-8 well is producing approximately 240 barrels of oil per day and 75 Mcf per day of natural gas. 
