Last checked at 5 Nov 2020 07:00
7.00am 5 November 2020
Nostra Terra Oil and Gas Company Plc
("Nostra Terra" or "the Company")
Pine Mills - Operations Update
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA is pleased to announce, further to the Company's RNS on 19 October 2020, that Cypress Minerals LLC ("Cypress") has received the drilling permit in preparation to drill the new well at the Company's Pine Mills oil field.
Drilling is permitted to a total depth of 6,000 feet and is estimated to take approximately 10 days. The primary target formation is the prolific Woodbine Sand, while the well will also evaluate several other known overburden formations.
Construction of the drilling pad is nearly complete. Drilling is anticipated to begin within days. Nostra Terra owns a 32.5% working interest ("WI") in the planned well, which includes a 25% carried WI and the remainder at cost.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
For further information, contact:
Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO
| Email: | +1 480 993 8933 |
Beaumont Cornish Limited (Nominated Adviser) James Biddle/ Roland Cornish
| Tel: | +44 (0) 20 7628 3396 |
Novum Securities Limited (Broker) Jon Belliss
Lionsgate Communications (Public Relations) Jonathan Charles | Tel:
Tel: | +44 (0) 207 399 9425
+44 (0) 7791 892509
|