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Permian Basin Twin Well - Drilling Location
Permian Basin Twin Well - Drilling Location.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \nRNS Number : 8581V Nostra Terra Oil & Gas Company PLC 08 November 2017 \n\n8 November 2017\n \nNostra Terra Oil and Gas Company plc\n(\"Nostra Terra\" or the \"Company\")\n \nPermian Basin Twin Well - Drilling Location\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 that preparation for the drilling location for the new Twin Well in the Permian Basin has commenced.\n \nAs announced on 31 October 2017, Nostra Terra acquired a 53.25% Working Interest over a 120 acre lease in the Permian Basin (the \"Lease\"), the Company's third acquisition in the area. The Lease contains multiple drill ready locations, including a target which was previously drilled and produced oil.\n \nThe targeted drill location for the Twin Well is now being prepared with drilling anticipated to commence later this month when the location is ready. Total depth is expected to be reached before the end of November 2017 and completion of the well anticipated to follow shortly thereafter.\n \nThe Company looks forward to updating shareholders on the anticipated achievement of reaching total depth, completion and production rates in due course.\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 \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 com...