Nostra Terra: Drilling Commences in Utah Overthrust

Nostra Terra announced that drilling has begun on the Liberty #1 exploratory well in the Utah Overthrust, Juab County, Utah.

On March 31, 2010, Nostra Terra announced that it had acquired a 7% working interest (WI) before payout and 5% WI after payout in the Liberty #1 well.

Other participants in the Liberty #1 well are Hewitt Petroleum, Inc (HPI), which is also operator of the well, and Freedom Oil & Gas, Inc.

The Liberty prospect lies on the Paxton thrust, six miles west of the Gunnison thrust where Wolverine Gas & Oil has made two major overthrust oil discoveries.

 

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