Nostra Terra is pleased to provide an operational and production update for the fourth quarter of 2014.
Highlights
•December net production averaged 169 boepd (net of royalties), 102% increase from September net production
•Quarterly production increase of 68% over previous quarter
•Quarterly revenue increase of 20% over previous quarter
•CT-17 (Wilson 3-8-5H) gross Initial Rate of 440 boepd, (Nostra Terra 2.92% WI)
•CT-14 (Gant 22) gross Initial Rate of 286 boepd, (Nostra Terra 20% WI)
•CT-16 (Bollenbach 1-33H) gross Initial Rate of 555 boepd, (Nostra Terra 20% WI)
•CT-18 (Anderson 21-18-6 3H) gross Initial Rate of 100 boepd, (Nostra Terra 1.87% WI)
•Additional productive formations being evaluated in Chisholm Trail Prospect
•Progress continues at the White Buffalo Prospect in Wyoming
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