Nostra Terra has begun drilling on the first horizontal well in the Warrior prospect, located in Oklahoma. The Company has a 10% working interest in the Warrior prospect, which is operated by Crown Energy Company Inc. ("Crown Energy").
Crown Energy and its subsidiary, Basin Engineering, LLC, have a long and successful track record in acquisition, drilling, exploration and production, both for their own accounts and for their many clients. They are concentrated largely in the Mid-Continental United States but provide services and operations throughout the United States, Gulf of Mexico and several international locations.
The well is the first of six potential horizontal well locations on the prospect. Drilling of the well is expected to be completed in approximately 30-days, followed by completion and initial production testing.
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