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Nostra Terra provides quarterly operations and production update


Published Jan 15, 2014
Nostra Terra-4

Nostra Terra is pleased to provide an operational and production update on various assets.

Highlights

◾ Annual production increase of over 150%* reached in November 2013, exceeding guidance ahead of schedule ◾ October 2013 net production averaged 60 boepd (net of royalties) ◾ Participating in 5 additional wells (since the last Quarterly Operations Update covering Q3 2013) ◾ Participating in 2nd test well in the Mississippian formation, which offers potential to increase the number of drilling locations in the Chisholm Trail Prospect ◾ Testing of the third well in the Verde Prospect is complete and the well has been put into continuous production ◾ Company remains cash flow positive on an operational basis, with excess cash being re-invested in new wells ◾ NTOG's largest Working Interest ("WI") in a well proposed in the Chisholm Trail Prospect, thus far, is being permitted

Tags: Nostra Terra Oil & Gas




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