9 Feb 2011 09:15
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Nostra Terra ("NTOG" or the "Company")
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Operations Update - Vintage Hills Prospect
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9 February 2011
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Highlights:
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Β·; Agnello #1 well reaches total vertical depth of 10,400 feetΒ ahead of schedule
Β·; Successful completion of turn into horizontal legΒ
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Nostra Terra is pleased to announce that the Agnello #1 well in the Vintage Hills Prospect in Brazos County, Texas, has been drilled to a total vertical depth of 10,400 feet.
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The curve into the horizontal leg (the lateral) of the well was successfully completed. The drilling of the horizontal leg is now in progress using modern steering techniques.
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NTOG has a 1.2% working interest (WI) before payout (BPO) (1.0% after payout (APO)) in Vintage Hills, operated by New Century Exploration, Inc. (NCE).
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As announced on 17 January 2011, NTOG further expanded its relationship with NCE with the acquisition of a 3.64% WI BPO (3% WI APO) in the Nesbitt Prospect located in Harrison County, Texas.
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Updates on progress on both the Vintage Hills and Nesbitt prospects will be provided in due course.
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For further information, visit www.ntog.co.uk or contact:
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Nostra Terra Oil and Gas Company plc
Matt Lofgran, CEO
mlofgran@ntog.co.uk Telephone: +1 480 993 8933
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Religare Capital Markets
Peter Trevelyan-Clark/Ben Jeynes Telephone: +44 (0)20 7444 0800
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Alexander David Securities Ltd
David Scott/Bill Sharp/Nick Bealer Telephone: +44 (0)20 7448 9820
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Announcements made by the Company are available automatically by email to those who register at www.ntog.co.uk.
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