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Nesbitt Well Spudded

23 Mar 2011 07:00

RNS Number : 4302D
Nostra Terra Oil & Gas Company PLC
23 March 2011
 



Nostra Terra Oil and Gas Company plc

 

("Nostra Terra" or the "Company")

 

Nesbitt Well Spudded

 

23 March 2011

 

Nostra Terra Oil and Gas Company plc (AIM: NTOG) is pleased to announce that drilling has begun on the first horizontal well in the Nesbitt prospect unit, located within the producing Woodlawn field in Harrison County, Texas. The Company has a 3% working interest in the Nesbitt prospect unit, which is operated by New Century Exploration, Inc.

 

The well - the first of three planned within the Nesbitt prospect unit - will be drilled vertically to a depth of approximately 7,000 ft, followed by a horizontal section of up to 3,000 ft.

 

Drilling and initial testing of the well is expected to take approximately 30 days, and Nostra Terra will make further announcements as the operations progress.

 

 

For further information, visit www.ntog.co.uk or contact:

 

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

mlofgran@ntog.co.uk Telephone: +1 480 993 8933

 

Religare Capital Markets

Peter Trevelyan-Clark/Ben Jeynes Telephone: +44 (0)20 7444 0800

 

Alexander David Securities Ltd

David Scott/Bill Sharp Telephone: +44 (0)20 7448 9820

 

Announcements made by the Company are available automatically by email to those who register at www.ntog.co.uk.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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