Business
7th Chisholm Well in Production
7th Chisholm Well in Production.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2956S Nostra Terra Oil & Gas Company PLC 06 November 2013 \n \n\n \nAIM: NTOG\n06 November 2013\n \nNostra Terra Oil and Gas Company plc\n(\"Nostra Terra\" or the \"Company\")\n \nSeventh Chisholm Trail Well Producing 194 Boepd\n \n \nNostra Terra, the AIM quoted oil and gas producer with projects in the USA, is pleased to announce its seventh well in the Chisholm Trail Prospect, LSEPMU 7-3H (CT7) has produced an average 194 Boepd from the Mississippian Lime Formation, over a 10-day period, following initial production testing. The company owns a net Working Interest of approximately 1.6% in this well, which is operated by Hinkle Oil and Gas, Inc.\n \nThe Mississippian Lime Play has been widely exploited in other parts of Northern Oklahoma and Southern Kansas. Current activity stretches from Harper County, Oklahoma, to the West to Osage County, Oklahoma, to the East and from Kingfisher County to the South, to beyond Sumner County, Kansas, to the North. \n \nTable 1- WIs are subject to change\n\n\n\n\nWell\n\n\nWell Name\n\n\nFormation\n\n\nOperator\n\n\nNet WI\n\n\nStatus\n\n\nInitial Production (Boepd)\n\n\n\n\nCT6\n\n\nTharp 2-26H\n\n\nMississippian\n\n\nAlta Mesa\n\n\nTBD\n\n\nOn hold\n\n\n-\n\n\n\n\nCT7\n\n\nLSEPMU 7-3H\n\n\nMississippian\n\n\nHinkle \n\n\n1.60%\n\n\nProducing\n\n\n194\n\n\n\n\nCT8\n\n\nJones 1-5H\n\n\nHunton\n\n\nStephens \n\n\n2.00%\n\n\nDrilling\n\n\n-\n\n\n\n\nCT9\n\n\nMel B 1-33H\n\n\nHunton\n\n\nHusky\n\n\n7.375%\n\n\nDrilling\n\n\n-\n\n\n\n\nCT10\n\n\n(Unnamed)\n\n\nHunton\n\n\nGastar\n\n\n1.875%\n\n\nIn planning\n\n\n-\n\n\n\n\n \n \nAlden McCall, Chief Operating Officer of Nostra Terra, commented:\n\"The well was drilled to a total vertical depth of 6,000 feet to initiate drilling the curve to a horizontal profile. We completed the curve and reached a total measured depth of 11,840 feet. The CT7 well marks our first test of the Mississippian formation (overlying the Hunton) in this play and underscores the multiplier effect of stacked pay zones. Future Mississippian wells could be drilled from the same pads as the Hunton wells, which would save a significant amount of capital. Although the well tested within the range of our expectations for the Hunton, future Mississippian wells will have the benefit of the learning curve from...