Nostra Terra says that following the acquisition of additional acreage, the Company is now exposed to 21 potential drilling locations at the Chisholm Trail Prospect (the "Prospect").

As originally announced on 29 August 2012, Nostra Terra acquired a 20 percent interest in the Prospect. During drilling, an on-going leasing program has also been underway to expand the Prospect holdings. The Oklahoma Corporation Commission spacing rules allow an operator to 'control' one-half of a section (a 320 acre spacing unit), within which a well is drilled. The latest update from the Company's partner in the Prospect, Ward Petroleum Corporation (Ward), has confirmed within the current acreage footprint of the Prospect, the partners own varying interests in 21 half sections, five of which have been drilled and in which NTOG has participated. Sixteen more half-sections remain to be drilled targeting the same geological formation as Gastar Exploration Ltd. (Gastar). The Board believes this is a low-risk, high-return play and will prepare reserve estimates later in the year.

Tags: Nostra Terra Oil & Gas