Nostra Terra reported that the third horizontal well in Oklahoma has been spudded. The first and second horizontal wells have finished drilling and are awaiting completion.
The first horizontal well is within the Warrior Prospect and operated by Crown Energy Company. The drilling stage has finished according to plan and it is anticipated that completion will be underway within the coming weeks. NTOG has a 10 percent working interest in this prospect.
The second horizontal well is within the Bale Creek Prospect and operated by Pathfinder Development Capital, LLC. The well was spudded within a few days of Warrior but experienced technical challenges while drilling which were overcome. Drilling of the Bale Creek first horizontal well has now been finished and it is anticipated that the well will also be completed within the coming weeks. NTOG has a 30 percent working interest in this prospect.