Thursday, August 25, 2011
Nostra Terra O&G Co. plc
Nostra Terra announced that the initial horizontal well in the Nesbitt Prospect Unit, located in the Woodlawn Field in Texas, has been completed. The production facilities have been built and the well has been put into production by New Century Exploration Inc.
Nostra Terra has a 3% working interest in the Nesbitt Prospect Unit, located in the Woodlawn Field in Texas, which is also operated by New Century Exploration, Inc.
The Company will provide an update on 30-day production figures in the future.
Matt Lofgran, Chief Executive Officer of Nostra Terra, commented, "This marks the second well we've put into production this month. We have additional projects funded and in various stages of development, and anticipate bringing on additional wells this year where we own a larger interest."
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