Increased Interest In CT8 Well

RNS Number : 0294A

Nostra Terra Oil & Gas Company PLC

13 February 2014

 



AIM: NTOG

13 February 2014

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Increased Working Interest in CT8

Nostra Terra, the AIM quoted oil and gas producer with assets in the USA, is pleased to announce an increase in the Company's working interest in the eighth horizontal well in the Chisholm Trail Prospect (CT8), located in Oklahoma.

The Company has just received confirmation of its election to acquire additional interest in the Jones 1-5H well (CT8). The Company's working interest in the well has increased from 2.00% to 2.92%.

The most recent ten days of production averaged 521 barrels of oil equivalent per day ("boped"). This represents an increase in net production to the Company from the well from 10.42 boped to 15.21 boepd (before royalties).

For further information, visit www.ntog.co.uk or contact:

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

[e-mail]                                         Telephone: [phone]

Shore Capital & Corporate Limited (Nominated Adviser) 

Bidhi Bhoma / Toby Gibbs                                  Telephone: [phone]

XCAP Securities plc (Broker)                             

Jon Belliss                                                        Telephone: [phone] 

Lothbury Financial Services Limited

Gary Middleton / Michael Padley                         Telephone: [phone]

 

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