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US: Nostra Terra announces Pine Mills production rates
25 Jan 2021
AIM-listed
Nostra Terra, the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA has announced
production rates of the Cypress farm-out well at the Company s Pine Mills oil field.
In December the well was perforated in the target formation. Following this the well was swabbed to remove drilling fluids and relieve hydrostatic pressure. After successfully swabbing over a 48hr period oil was recovered at a rate of 15 barrels per hour.
In January the well was completed and put into continuous production. It is currently producing at a steady rate of 100 bopd, limited by pump capacity and surface equipment and with no water cut. While this rate is above expectations, given the strong performance the operator will review seeking authorisation to increase production further. NTOG have a 32.5% working interest in this well (32.5 bopd before royalties) and an
Nostra Terra, the oil and gas exploration and production company with a portfolio of development and production assets in Texas, USA, has announced the completion of the Cypress farm-out well at the Company s Pine Mills oil field.
Nostra Terra Oil and Gas completes oversubscribed fundraise
08 Jan 2021
AIM-listed
Nostra Terra, the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, has announced completion of an
oversubscribed fundraise of £500,000 with institutional and professional investors.
Nostra Terra stated strategy includes; growing production from existing assets in the Permian Basin and Pine Mills, increase cashflow from production growth, and acquisitions when suitable. Over recent months the Company has delivered on that with the farmout of an undrilled portion of Pine Mills, the acquisition of the Caballos Creek asset in South Texas, and the farmin to the additional asset in the Permian Basin.
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to announce completion of an oversubscribed fundraise of £500,000 with institutional and professional investors. Nostra Terra stated strategy includes; growing production from existing assets in the Permian Basin and Pine Mills, increase cashflow from production growth, and acquisitions when suitable. Over recent months the Company has delivered on that with the farmout of an undrilled portion of Pine Mills, the acquisition of the Caballos Creek asset in South Texas, and the farmin to the additional asset in the Permian Basin.