6th Nov 2013 12:50
LONDON (Alliance News) - Nostra Terra Oil and Gas Company PLC Wednesday said initial production testing at the Chisholm Trail Prospect in the US has provided positive results.
The AIM-quoted oil and gas producer with prospects in the US said the CT7 site in the Mississippian Lime Formation has produced an average 194 barrels of oil equivalent per day over a ten-day period.
The company owns a 1.6% interest in the well, which is operated by Hinkle Oil and Gas Inc.
Nostra Terra shares were down 4.3% to 0.326 pence per share Wednesday.
By Tom McIvor; [email protected]; @TomMcIvor1
Copyright © 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
Nostra Terra