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Permian Basin Twin Well - Drilling Commences
Permian Basin Twin Well - Drilling Commences.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \nRNS Number : 6799W Nostra Terra Oil & Gas Company PLC 16 November 2017 \n\n16 November 2017\n \nNostra Terra Oil and Gas Company plc\n(\"Nostra Terra\" or the \"Company\")\n \nPermian Basin Twin Well - Drilling Commences\n \nNostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to confirm the commencement of drilling the Twin Well in the Permian Basin. \n \nThe drilling and logging of the Twin Well to approximately 3,200 feet is expected to take approximately 6-8 days, with completion of the well anticipated to follow shortly thereafter.\n \nThe well is planned to test both the Clearfork and San Andres formations, both of which are producing formations in the area. The Clearfork has three different members (a distinct part of a formation) that produce on the lease and in neighbouring leases (Upper Clearfork, Middle Clearfork, and Lower Clearfork from approximately 2,500 feet to 3,200 feet). If successful, the well is expected to be connected to existing infrastructure.\n \n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulations 596/2014.\n \nFor further information, visit www.ntog.co.uk or contact:\n \n\n\n\n\nNostra Terra Oil and Gas Company plc\nMatt Lofgran, CEO\n \n\n\n \n\n\n +1 480 993 8933\n\n\n \n\n\n\n\nStrand Hanson Limited\n(Nominated & Financial Adviser and Joint Broker)\n\n\n \n\n\n+44 (0) 20 7409 3494\n\n\n \n\n\n\n\nRory Murphy / Ritchie Balmer / Jack Botros\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nSmaller Company Capital Limited (Joint Broker)\n\n\n \n\n\n+44 (0) 20 3651 2910\n\n\n \n\n\n\n\nRupert Williams / Jeremy Woodgate\n\n\n\n \n \n \n \n \n \n\n\n\n \n \nNotes to Editor:\nOn 31 October 2017, Nostra Terra announced its third acquisition in the Permian Basin, being the acquisition of a 53.25% Working Interest over a 120 acre lease (the \"Lease\").\n \nAn operator previously drilled a field development well on the neighbouring lease, which produced oil. However, once the operator completed a directional survey of ...