Nostra Terra is pleased to provide an update on the Verde Prospect, located in Colorado. The third well has reached total depth (TD), drilling has ended and completion operations are now underway.

Drilling in the primary pay zone was interrupted to perform two Drilling Stem Tests (DST). The second test resulted in free gas nearly reaching the surface and recovery of several hundred feet of liquids, a mixture of gas and oil, plus oil and gas cut drilling muds, the majority of which was oil.

No free water was reported. Pressures increased moderately throughout the DST, indicating that the rate of formation fluids entering the pipe was rising. The decision has been made to run production pipe into the hole, cement it into place and complete the well. The drilling rig has now been released and completion operations will take place in the coming weeks.

Tags: Nostra Terra Oil & Gas