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Nostra Terra Oil and Gas Company

  • BY: Andrew Hore |
  • POSTED: 10/03/2014 |

US-focused oil and gas producer Nostra Terra Oil and Gas Company has increased its production by 57% and there could be more drilling news in the coming weeks.

The ninth horizontal well in the Chisholm Trail prospect in Oklahoma has produced an average of 387 barrels of oil equivalent per day Nostra Terra has a 7.38% working interest in this well. Nostra Terra’s share of production in the wells in which it is interested is more than 93 barrels per day.

Nostra Terra has a 20% interest in a well which will be drilled in the near future. The company’s share of the cost is $844,000.

At 0.27p a share, Nostra Terra is valued at £7.5m.

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