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Norstra Energy more than doubles land position


Published Jun 12, 2013
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Norstra Energy

Norstra Energy has entered into a new Farmout and Option Agreement with Summit West Oil, LLC.

Under this agreement Norstra will have the right to earn additional 17,988.28 gross acres of the Bakken South Sun River Prospect. Norstra also has the right to purchase this land position for 10,000,000 million common shares from treasury.

This option is for the sole benefit of Norstra and is open until December 31, 2013. The total land position available for Norstra is now close to 30,000 acres with an option to purchase a 100% interest in 60% of the optioned land without any drilling obligations.

Tags: Norstra Energy



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