Bale Creek pilot well spud

RNS Number : 7000X

Nostra Terra Oil & Gas Company PLC

20 February 2012

 



AIM: NTOG

20 February 2012

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Bale Creek - Pilot Well Spudded

Nostra Terra, the AIM oil and gas producer with projects in the USA, is pleased to announce drilling has begun on its initial vertical pilot well in the Bale Creek prospect, located in Oklahoma.  Nostra Terra has a 30% working interest in the Bale Creek prospect.

Following the completion of the seismic interpretation, final selection of the drill sites was made, and site work began.  The vertical pilot hole will be drilled and logged to determine the most promising of all the potential productive zones.  Drilling of the well is expected to be completed in approximately 30-days, depending on logging and possible formation tests. 

Nostra Terra will make further announcements as the operations progress.

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]

Alexander David Securities Ltd

David Scott / Bill Sharp                                                     Telephone: [phone]

Lothbury Financial Services Limited

Gary Middleton / Michael Padley                                       Telephone: [phone]

Notes:

Highlights of the Bale Creek prospect include:

·     Shallow oil, with associated liquids-rich natural gas

·     Extensive regional structural mapping

·     Multi-pay potential from as many as 8 reservoirs, from the Ordovician up through Permian-aged rocks

·     The area covers a contiguous area of over 3,500 acres and is located in a very prolific oil system

·     Up to seven potential horizontal well locations have been identified.

Nostra Terra owns a 30% WI in the Bale Creek prospect, operated by Pathfinder Development Capital, LLC.

Announcements made by the Company are available automatically by email to those who register at www.ntog.co.uk.

 

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