Claren Energy Corp (CNENF)

[Emerson1972]

Terra Nova Provides Update on PEL 444 Progress

Marketwired Terra Nova Energy Ltd.39 minutes ago.

SINGAPORE, SINGAPORE--(Marketwired - Nov 23, 2015) - Terra Nova Energy Ltd. ("Terra Nova") (TSX VENTURE:TGC)(TNVMF), the Operator of Petroleum Exploration License (PEL) 444, is pleased to announce that the Technical Contractor, Senex Energy Ltd. ("Senex"), has commenced the drill site preparations on PEL 444 on behalf of the Joint Venture. Terra Nova also advises that operations are progressing well and that the targeted spud date of early December remains on track for the 2,050 meters (6,700 feet) Baikal #1 well which is designed to test a large prospective target on PEL 444 in the Mid-Birkhead channel sands.