Global Leader in International Production Industry News

posted in:

Nostra Terra Oil & Gas Company PLC announces Chisholm Trail - third well production exceeds expectations

Monday, Jan 28, 2013

Nostra Terra, the AIM quoted oil and gas producer with projects in the USA, is pleased to announce that the third horizontal well in the Chisholm Trail Prospect (CT3), located in Oklahoma, has exceeded the Board's expectations by a substantial margin. The most recent ten days of production have averaged 348 barrels of oil equivalent per day (BOEPD), 148 above the 200 BOEPD expectations announced by the Company in August 2012 when we first entered into the Chisholm Trail Prospect area. Nostra Terra owns a 12.58% working interest in this well.

The fourth horizontal well (CT4), where Nostra Terra has a 5.31% working interest, is still in the process of being cleaned up and will continue to recover a mixture of fraccing fluid, oil and gas during this process.  Results are anticipated to be released shortly.

The acquisition of new leases and new well permitting continues in the Chisholm Trail Prospect area. Once elections are received and made on further wells, the Company will make relevant announcements.

Source: Nostra Terra Oil and Gas Company plc

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Production News

Dejour sees 60% increase in net production at Woodrush 16-04-2014
Oil and gas drilling and production brought to life 15-04-2014
Platform P-20 resumes production 09-04-2014
Gastar Exploration announces Marcellus shale production temporarily interrupted due to rupture of third party-operated pipeline 09-04-2014
Petrobras starts-up third well at SapinhoĆ” field and registers a new monthly production record in the pre-salt 07-04-2014
Production March 2014 07-04-2014
New Zealand Energy reports 2013 year-end reserves and production update 03-04-2014
Drilling permit for well 7324/7-2 in production licence 537 03-04-2014
February oil and natural gas production 02-04-2014