Business
17th Chisholm Trail Well Spud
17th Chisholm Trail Well Spud.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3345P Nostra Terra Oil & Gas Company PLC 18 August 2014 \n \n\n \nAIM: NTOG\n \n18 August 2014\n \nNostra Terra Oil and Gas Company plc\n(\"Nostra Terra\" or the \"Company\")\n \nAdditional Chisholm Trail Well Spud\n \nNostra Terra (AIM:NTOG), the oil and gas exploration and production company with a growing portfolio of assets in the USA, is pleased to announce the spudding of the 17th development well in which it has an interest in the Chisholm Trail Prospect, located in Oklahoma.\n \nThe Wilson 3-8-5H well (CT-17) has spudded and is drilling forward. The well will be drilled to an approximate 11,700 foot measured depth, at a TVD of 6,500 feet, with a 4,200 foot lateral into the Hunton formation. Nostra Terra holds a 2.92% working interest in the well. The Wilson is an increased density offset well to the Jones (CT-8) which has been one of the best performing wells in the play. Both the Wilson and the Jones are operated by Stephens Production Company.\n \nNostra Terra's Chisholm Trail portfolio has varying size interests in 17 wells, 11 of which are producing with 6 in various stages of development, from permitting to fracking. All but two of the wells are in the prolific Hunton Limestone formation. Nostra Terra will make further announcements as the operations at CT-17 progress.\n \nMatt Lofgran, Chief Executive Officer of Nostra Terra commented:\n \n\"The wells in the Chisholm Trail prospect are starting to reach payout. By participating in a portfolio of low-risk wells with other suitably qualified operators, we are able to both grow our revenue and also dedicate time to new assets where we'll be the operator.\" \n \nFor further information, visit www.ntog.co.uk or contact:\n \nNostra Terra Oil and Gas Company plc\nMatt Lofgran, CEO\[email protected] Telephone: +1 480 993 8933\n \nNorthland Capital Partners Ltd\n(Nominated Adviser) \nMatthew Johnson / Lauren Kettle Telephone: +44 (0)20 7...