23rd Oct 2014 08:58
LONDON (Alliance News) - Nostra Terra Oil and Gas Company PLC on Thursday said it has spudded the 18th development well at the Chisholm Trail Prospect in Oklahoma in the US.
The Bollenbach 1-33H well at the prospect has been spudded and is now drilling forward, Nostra said. The well will be drilled to an approximate 11,700 foot measured depth.
Nostra has a 20% working interest in the well, which is operated by Stephens Production Co.
"Chisholm Trail has been a great prospect and we're excited to see this well already drilling ahead," said Nostra Chief Executive Officer Matt Lofgran.
Nostra shares were up 4.7% to 0.2984 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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