Nostra Terra announce results from the first horizontal well within the Warrior Prospect, which is operated by Crown Energy Company. NTOG has a 10 percent working interest in this prospect.
The well has been completed and is on production. The well has been stabilizing over the last 10 days, following the frac and flow-back period. Current indications are that the well should become stable at approximately 50 barrels of oil per day or so. The well is still recovering frac fluid and as such this is a very early indication of the well's likely level of production.
The Company will provide an update on the well's ongoing productivity in due course.
Drilling is finished on both the first and the second wells in Bale Creek. The first is currently undergoing completion operations, while the second well is being logged with completions to follow shortly afterwards.
"We're pleased to add more production to our portfolio. Throughout the remainder of the year we anticipate adding production and reserves in our growing interests," Chief Executive of Nostra Terra Matt Lofgran.
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