Daybreak Oil and Gas is focused on proving, developing, and producing its oil reserves on its acreage at its East Slopes Project in Kern County, California. Daybreak owns a 3-D seismic survey that encompasses 20,000 acres over 32 square miles with approximately 3,700 under lease in the San Joaquin Valley of California. Daybreak has recently acquired a 30% working interest in 1,400 acres in the Michigan Basin where we have two shallow oil prospects.
Our basic business model is to increase shareholder value by finding and developing shallow oil and gas reserves through exploration and development activities, and selling the production from those reserves at a profit.
To accomplish this we:
- use 3-D seismic and other advanced technologies to evaluate our acreage and prove our oil reserves;
- apply advanced drilling and completion techniques to develop our oil reserves; and
- have the necessary facilities to produce and market our oil production in a low cost manner.