Business
Liberty #1 Update
Liberty #1 Update.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \n Nostra Terra Oil & Gas Company plc\n (\"Nostra Terra\" or the \"Company\")\n\n Liberty #1 Update\n\n26 April 2010\n\n\nNostra Terra Oil & Gas Company plc (AIM: NTOG) is pleased to announce that\ndrilling has begun on the Liberty #1 exploratory well in the Utah Overthrust,\nJuab County, Utah.\n\nOn 31 March 2010, Nostra Terra announced that it had acquired a 7% working\ninterest (WI) before payout and 5% WI after payout in the Liberty #1 well.\n\nOther participants in the Liberty #1 well are Hewitt Petroleum, Inc (HPI), which\nis also operator of the well, and Freedom Oil & Gas, Inc.\n\nThe Liberty prospect lies on the Paxton thrust, six miles west of the Gunnison\nthrust where Wolverine Gas & Oil has made two major overthrust oil discoveries.\n\n\n\nFor further information contact:\n\nNostra Terra Oil and Gas Company plc Telephone: +1 480 993 8933\nMatt Lofgran, CEO\[email protected]\n\nReligare Capital Markets Telephone: +44 (0)20 7444 0800\nPeter Trevelyan-Clark/Ben Jeynes\n\nAlexander David Securities Ltd Telephone: +44 (0)20 7448 9820\nDavid Scott/Bill Sharp/Nick Bealer\n\n\nAnnouncements made by the Company are available automatically by email to those\nwho register at www.ntog.co.uk.\n\nNotes to Editors\n\nNostra Terra Oil & Gas Company plc (AIM: NTOG) is an emerging oil and gas\nexploration and production company with assets in established producing regions\nwithin the US mid-continent. The majority of the Company's current US properties\nare located in the Central Kansas Uplift (CKU).\n\nHoffman\nNostra Terra holds a 25 per cent working interest in five production wells and\none salt water disposal well on the Hoffman property, located within the Trapp\nfield in Barton County and Russell County, Kansas, and has a 50 per cent\ninterest in an additional undeveloped 160 acres nearby, also within the Trapp\nfield.\n\nBloom\nNostra Terra holds a 50 per cent working interest in nine production wells and\ntwo salt water disposal wells on the Bloom property, located within the Chase-\nSilica field in Rice County, Kansas.\n\nBoxberger\nNostra Terra holds a 50 per cent working interest in eleven wells, including at\nleast two salt water disposal wells, on the Boxberger property, located in\nRussell County, Kansas within the Gorham field.\n\nKoelsch\nNostra Terra also has a 50 per cent working interest ...