$NORX BIDDERS RAISING HOY UP BIG NEWS!!!!:
NORSTRA ENERGY INC. WWW.NORSTRAENERGY.COM (OTCQB:NORX) ("Norstra" or the "Company") is pleased to announce that its management and technical team met with the company's operator to review current operations and establish detailed guidelines for the planned drilling program on the South Sun River Project.
Norstra currently has over 14 miles of seismic lines ordered from QEP Resources (NYSE:QEP) and PacSeis. It is expected that the reprocessed seismic data will be in place within a couple of weeks. Once the review of the seismic lines is complete, the company's geophysical consultant will reinterpret the data, prepare a geophysical presentation to management and suggest the first drill locations. Even during the current process of acquiring the data, there is constant discussion with the geophysicist to pinpoint the first drill location. Additional data will be purchased in adjoining sections for additional drill locations.
Preliminary review of the seismic suggests an abundance of thrust sheets in the area. Norstra has requested additional acreage from Summit West Oil where the blocks have been noted from the preliminary review. Summit West agreed to add 2 full sections (1,280 acres) to the project based on the same terms as the original Farmout Agreement. This brings the total prospect size to over 11,300 acres.
Glen Landry, CEO, Norstra Energy stated: "Adding the additional acreage at this point is a very important step for Norstra to ensure that we give the company and our investors the best possible opportunity to drill the first wells on our lands. We were always planning to increase our land position over time, and after reviewing the first technical data during the operational meetings, we decided to accelerate that process. Everybody is looking forward to getting the surface casing set for the first test."
AI
