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Nostra Terra Oil & Gas announces development accelerates at Chisholm Trail


Published Nov 1, 2013
Nostra Terra-3

Nostra Terra is pleased to provide an update on progress in the Chisholm Trail Prospect.

CT6 (Tharp 2-26H)

Nostra Terra has elected to participate in its 6th Hunton well in the prospect. The well was originally spaced and permitted to test the Hunton formation. However, Nostra Terra has received notice that the leases for this well have been combined with another, larger leasehold, to create a c. 1400-acre Mississippian drilling unit. As a result the original Hunton test has been delayed. Nostra Terra will announce any changes to the Compay's Working Interest ("WI") in the well once a new election has been made. The well will be operated by Alta Mesa Holdings, L.P

CT7 (LSEPMU 7-3H)

The combined rights to test the Mississippian in CT7 have resulted in the first Mississippian test within the Chisholm Trail Prospect. Drilling proceeded smoothly and the well has reached total depth ("TD"). A multi-stage frac of the Mississippi formation was completed and production testing has begun. Nostra Terra has a 1.6% WI in the well which is operated by Hinkle Oil and Gas, Inc.

Tags: Nostra Terra Oil & Gas




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