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Nostra Terra starts third Permian Basin well
Oil and gas exploration and production company Nostra Terra announced the start of drilling of its third well in the Permian Basin, in Mitchell County, Texas on Friday.
The AIM-traded firm said following drilling and logging of the G6 well, as it announced on 10 May, the rig was mobilised to the next drilling location, the C8 well, and drilling had now commenced.
It explained that the drilling and logging of the C8 to approximately 3,200 feet was expected to take between six and eight days, with completion of the well anticipated to follow shortly thereafter.
Nostra Terra owns a 73% working interest in the C8.
"The well is planned to test both the Clearfork and San Andres formations, both of which are producing formations in the area," Nostra Terra's board said in its statement.
"The Clearfork has three different members that produce on the lease and in neighbouring leases - Upper Clearfork, Middle Clearfork, and Lower Clearfork from approximately 2,500 feet to 3,200 feet.
"If successful, the well will be connected to existing infrastructure."