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
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