Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/by_province/americans_onshore/usa/nostra-terra-provides-quarterly-operations-and-pro.shtmlNostra Terra provides quarterly operations and production updateNostra Terra is pleased to provide an operational and production update on various assets.
[an error occurred while processing this directive]
Edit page New page Hide edit links Nostra Terra is pleased to provide an operational and production update on various assets. Highlights ◾ Annual production increase of over 150%* reached in November 2013, exceeding guidance ahead of schedule ◾ October 2013 net production averaged 60 boepd (net of royalties) ◾ Participating in 5 additional wells (since the last Quarterly Operations Update covering Q3 2013) ◾ Participating in 2nd test well in the Mississippian formation, which offers potential to increase the number of drilling locations in the Chisholm Trail Prospect ◾ Testing of the third well in the Verde Prospect is complete and the well has been put into continuous production ◾ Company remains cash flow positive on an operational basis, with excess cash being re-invested in new wells ◾ NTOG's largest Working Interest ("WI") in a well proposed in the Chisholm Trail Prospect, thus far, is being permitted |