Nostra Terra has exercised an opportunity to increase its Working Interest (WI) to 20% in the High Plains Prospect, located in Texas. This has quadrupled the company's original holding. Work to define prospects is moving forward.

The Company is already engaged in the drilling of several wells in its Chisholm Trail Prospect, operated by Ward Petroleum and others. The largest potential Working Interest in those wells is also 20% but through the Forced Pooling and election process unique to Oklahoma, the largest interest obtained so far has been 12.5%, with numerous smaller participations. The State of Texas regulatory framework does not engage in Forced Pooling, which means that the Company's working interests in wells elected to be drilled in High Plains' prospects will not be reduced and will consistently be 20%.

Tags: Nostra Terra