Norstra Energy Inc. have entered into a Farmout Agreement (the "Agreement") with Super Nova Minerals (the "Farmee" or "Super Nova"), a Vancouver, BC based Oil and Gas Exploration and Production company listed on the Canadian Securities Exchange.

Under the terms of the agreement, Super Nova will have the ability to earn an 80% working interest in Norstra's entire Milford Colony project In Lewis and Clark County, Montana covering roughly 10,000 acres. Norstra will be carried through the project owning a 20% working interest, without any further obligations of contributing capital towards the drilling of any oil and or natural gas wells. Norstra will remain in control of managing the project's technical decisions in conjunction with their operator Black Gold.

Tags: Norstra Energy