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Nostra Terra announces Chisholm trail second well production exceeds the first well

Nostra Terra, announced that the second horizontal well in the Chisholm Trail Prospect (CT2), located in Oklahoma, has exceeded the results of the first well by a substantial margin and exceeded the board' s initial expectations. The most recent ten days of production have averaged 555 boepd the first well averaged 258 boepd.

As with the first well, the second well is still in the process of being cleaned up and will continue to recover a mixture of fraccing fluid, oil and gas during this process. Oil and gas sales continue to be made from both Chisholm trail wells. In addition, hydraulic fracturing operations have now been completed on the third and fourth horizontal wells CT3 and CT4, where Nostra Terra has a 12.58% and 5.31% working interest, respectively. It is anticipated that production testing will begin on both wells in the coming weeks.

The acquisition of new leases and new well permitting continues in the Chisholm trail Prospect area. Once elections are received and made on further wells, the company will make relevant announcements.

12/13/2012

 

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