Global Leader in International Production Industry News

posted in:

Nostra Terra Oil and Gas Company plc announces Chisholm Trail - third and fourth wells begin production

Wednesday, Jan 09, 2013

Nostra Terra, the AIM-quoted oil and gas producer with projects in the USA, is pleased to announce that the third and fourth horizontal wells in the Chisholm Trail Prospect (CT3 and CT4) located in Oklahoma, have been completed and are now producing.

As with the first two wells, the third and fourth wells are cleaning up, while recovering a mixture of fraccing fluid, oil and gas during this process.

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

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented:

"I am pleased to announce that production has now commenced on what is, at the moment, our largest interest's in the Chisholm Trail prospect where we have a 12.58% and 5.31% interest.

Alden McCall, Chief Operating Officer of Nostra Terra added:

"The wells are in the very early stages of production. As is our continuing philosophy, we will announce the production rate when a period of stability has been attained. Nostra Terra will continue investing with Ward Petroleum as the prospect develops, while seeking similar opportunities elsewhere."

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

Drilling and production update 18-04-2014
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