Operations Update - Vintage H

RNS Number : 9301A

Nostra Terra Oil & Gas Company PLC

09 February 2011

 



Nostra Terra ("NTOG" or the "Company")

Operations Update - Vintage Hills Prospect

9 February 2011

Highlights:

·      Agnello #1 well reaches total vertical depth of 10,400 feet ahead of schedule    

·      Successful completion of turn into horizontal leg 

Nostra Terra is pleased to announce that the Agnello #1 well in the Vintage Hills Prospect in Brazos County, Texas, has been drilled  to a total vertical depth of 10,400 feet.

The curve into the horizontal leg (the lateral) of the well was successfully completed.  The drilling of the horizontal leg is now in progress using modern steering techniques.

NTOG has a 1.2% working interest (WI) before payout (BPO) (1.0% after payout (APO)) in Vintage Hills, operated by New Century Exploration, Inc. (NCE).  

As announced on 17 January 2011, NTOG further expanded its relationship with NCE with the acquisition of a  3.64% WI BPO (3% WI APO) in the Nesbitt Prospect located in Harrison County, Texas.

Updates on progress on both the Vintage Hills and Nesbitt prospects will be provided in due course.

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

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

[e-mail]                                       Telephone: [phone]

Religare Capital Markets

Peter Trevelyan-Clark/Ben Jeynes                     Telephone: [phone]

Alexander David Securities Ltd

David Scott/Bill Sharp/Nick Bealer                     Telephone: [phone]

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

 

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