Nostra Terra is pleased to provide an update on the Company's Chisholm Trail prospect in Oklahoma.
The CT9 (Mel B 1-33) well was successfully drilled to a Total Measured Depth ("TMD") of 12,045 feet, at a true vertical depth of approximately 7,300 feet with an estimated 4,200 foot lateral in the Hunton formation, and is now in production. Nostra Terra has a 7.38% Working Interest ("WI") in this well, which is operated by Husky. Average production rates will be announced once the rate of production has stabilized.
The CT10 (Katy 21-1H) well is now permitted to drill. The well is planned to be drilled to a TMD of 12,335 feet with a lateral of approximately 4,661 feet in the Hunton formation. Nostra Terra has a 1.87% WI in this well, which will be operated by Gastar.