Nostra Terra is pleased to announce production results from two additional wells; the eighth horizontal well in the Chisholm Trail Prospect (CT8), located in Oklahoma, and the third in the Verde Prospect (V3), located in Colorado.
The Jones 1-5H well (CT8) has exceeded the Board's expectations by a substantial margin, with the most recent ten days of production having averaged 521 barrels of oil equivalent per day (BOEPD). The well was successfully drilled to a total depth (TD) of 11,773 feet, at a true vertical depth (TVD) of 6,747 feet with a 4,428 foot lateral in the Hunton formation. Nostra Terra has a 2.00% Working Interest (WI) in the well which is operated by Stephens Production Company.
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