Business
Vintage Hills well spudded
Vintage Hills well spudded.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n RNS Number : 6610Z Nostra Terra Oil & Gas Company PLC 18 January 2011 \n \n\n \n \nNostra Terra Oil and Gas Company plc\n(\"Nostra Terra\" or the \"Company\")\n \nVintage Hills well spudded\n \n18 January 2011\n \nNostra Terra Oil and Gas Company plc (AIM:NTOG) is pleased to announce that drilling has begun on the first horizontal well on the Vintage Hills prospect, in which the Company recently acquired a working interest of 1.2% before payout and 1.0% after payout.\n \nVintage Hills is located in Brazos County, Texas, within the established Giddings field. The current well is targeting one of four separate Austin Chalk reservoirs, known as the \"Upper B\" zone, that have been identified as oil-bearing by earlier vertical drilling within the prospect unit.\n \nNew Century Exploration, Inc. is operator of the well, which will be drilled vertically to a depth of approximately 10,400ft, followed by a horizontal section of up to 4,000ft.\n \nDrilling and initial testing of the well is expected to take approximately 35 days, and the Company will make further announcements as the operations progress.\n \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 \nReligare Capital Markets\nPeter Trevelyan-Clark/Ben Jeynes Telephone: +44 (0)20 7444 0800\n \nAlexander David Securities Ltd\nDavid Scott/Bill Sharp/Nick Bealer Telephone: +44 (0)20 7448 9820\n \nAnnouncements made by the Company are available automatically by email to those who register at www.ntog.co.uk.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFVLFFFFFEBBB \n ","length":3390,"tagName":"div"}]