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Increased Interest In CT8 Well

13th Feb 2014 14:00

RNS Number : 0294A
Nostra Terra Oil & Gas Company PLC
13 February 2014
 



AIM: NTOG

13 February 2014

 

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

 

Increased Working Interest in CT8

 

Nostra Terra, the AIM quoted oil and gas producer with assets in the USA, is pleased to announce an increase in the Company's working interest in the eighth horizontal well in the Chisholm Trail Prospect (CT8), located in Oklahoma.

 

The Company has just received confirmation of its election to acquire additional interest in the Jones 1-5H well (CT8). The Company's working interest in the well has increased from 2.00% to 2.92%.

 

The most recent ten days of production averaged 521 barrels of oil equivalent per day ("boped"). This represents an increase in net production to the Company from the well from 10.42 boped to 15.21 boepd (before royalties).

 

 

 

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

 

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

[email protected] Telephone: +1 480 993 8933

 

Shore Capital & Corporate Limited (Nominated Adviser) 

Bidhi Bhoma / Toby Gibbs Telephone: +44 (0)20 7408 4090

 

XCAP Securities plc (Broker)

Jon Belliss Telephone: +44 (0)20 7101 7070 

 

Lothbury Financial Services Limited

Gary Middleton / Michael Padley Telephone: +44 (0)20 3440 7620

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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