4th Feb 2019 14:26
LONDON (Alliance News) - Nostra Terra Oil & Gas Co PLC on Monday said that its Twin Well located in the Mitchell County, US, achieved full payback of drilling costs within one year of production.
"This considerably exceeds the expectations of the company of the likely payback period at the start of drilling," Nostra Terra said.
The well was drilled in the first half of 2018 and put into production in February 2018.
Nostra Terra shares were trading up 7.5% at 2.58 pence each.
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