Nostra Terra Oil and Gas Company provide Chisholm Trail update - first well producing
Monday, Nov 12, 2012
Nostra Terra, the AIM quoted oil and gas producer with projects in the USA, is pleased to announce that the first horizontal well in the Chisholm Trail Prospect (CT1) where Nostra Terra has a 0.47% working interest, located in Oklahoma, has been completed and is undergoing production testing.
The well is recovering a mixture of oil and frac fluid, and oil sales have
begun. Once the well flows back (recovers water) from the hydraulic frac and production levels begin to stabilise, production rates will be announced.
Completion operations have begun on the second horizontal well (CT2) which is currently undergoing hydraulic fracturing. The third and fourth horizontal wells (CT3 and CT4) are drilling according to schedule. Based on the current progress, it is anticipated that the first four wells will be producing by the year end.
Additional wells are in the process of being planned and permitted, and a
leasing program focused in the area is also ongoing. Once elections are
received and made on the following wells, the Company will make relevant announcements.
Source: Nostra Terra Oil and Gas Company
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