Permian Basin Twin Well - Production

RNS Number : 1132E

Nostra Terra Oil & Gas Company PLC

07 February 2018

 

7 February 2018

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Permian Basin Twin Well - put into immediate production

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to announce that its recently drilled Twin Well (the "Twin Well"), located in the Permian Basin, has been successfully completed and put into immediate production.

The Twin Well was completed in the Clear Fork formation with a common stimulation procedure for this formation.  All production facilities are now in place and the Twin Well has been placed on continuous production.

Nostra Terra will update the market with production rates once they've been established.

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented:

"We've taken the time to complete the tank battery to facilitate the well going into immediate production and pay status. Drilling and completion has gone according to plan and we now look forward to updating the market with production rates and progress in planning our next drills."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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

Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO	Tel:	[phone]
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) Rory Murphy / Ritchie Balmer / Jack Botros	Tel:	[phone]
Smaller  Company Capital Limited (Joint Broker) Rupert Williams / Jeremy Woodgate	Tel:	[phone]

 

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