Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the successful drilling of its ninth consecutive successful oil well at the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-10 well was drilled to a measured depth ("MD") of 4,512 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,000 feet of oil-bearing sandstone. The drilling rig has been released to another operator whereby that company will use the rig to drill four wells. At the end of their four-well drilling cycle, Daybreak and App Energy LLC ("App") will regain use of the rig to drill another series of wells at the Twin Bottoms Field.
James F. Westmoreland, President and Chief Executive Officer, commented, "Completion operations are underway on all the recently drilled oil wells. The Company and App have hydraulically fractured the Gerald Grove H-7, H-8 and H-9 oil wells and final completion operations are ongoing on these wells. The Gerald Grove H-10 oil well is scheduled to be hydraulically fractured the week of May 19, 2014. We expect to put all these wells on production during June 2014. Location work has also begun on the next series of wells that the Company and App plan to drill in their ongoing 20-well development drilling program."