Norstra Interpreting Seismic Data
May 06 2013 - 9:00AM
NORSTRA ENERGY INC.WWW.NORSTRAENERGY.COM (OTCQB:NORX) ("Norstra" or
the "Company") is interpreting and evaluating seismic data in order
to render the most accurate possible graphic representation of
specific portions of the South Sun River Project's subsurface
geological structure.
Norstra's geological team has defined three sections of its
current holdings that are diagonally offsetting along the strike of
the thrust sheets. There is an abundance of seismic data available
on this portion of the Sun River Prospect. Several major oil
companies including Arco, Shell, Occidental, and Exxon were
pursuing deeper targets than the Bakken in the 1980s resulting in
considerable seismic data in our area. Most of the seismic is
high quality 12 fold dynamite lines and nearly all the major oil
companies have made their data available through
representatives.
The images that the company has already acquired, as well as
additional data that it is evaluating for potential acquisition,
allow Norstra and its geophysical consultants, R. J. Grundy &
Associates, to accurately evaluate the Bakken prospect for drill
sight location. With the recorded seismic "signatures" Norstra
and its geophysicist have the tools to produce the truest possible
image of the sub-surface geological structure on the South Sun
River Project. Norstra has acquired 14 miles of seismic lines and
plans to double its portfolio of seismic information as it extends
its study to the northwest of the initial 3 sections currently
under consideration for the first drill location. Mr. Glenn Landry,
President of Norstra stated, "Our seismic experts, R. J. Grundy and
associates, of Denver, have over 35 years of global experience in
oil and gas exploration and geophysical interpretation. They
have previously done historic seismic work within 2 miles of the
target area which is of great value for us. The initial
seismic evaluation for the first of 3 sections is near completion.
The first thrust sheet west of the Krone well which was
drilled by Shell Oil Company, is clearly visible. Additional
review will be conducted along the strike of the sheet."
Acquisition of seismic data involves the transmission of controlled
acoustic energy into the earth, and recording the energy that is
reflected back from geological boundaries in the subsurface.
Processing these reflections produces a synthetic image of
the earth's subsurface geological structure.
Disclaimer
This press release contains "forward-looking statements."
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
and specifically references to the timing or outcomes of seismic
interpretation and acquisition, exploration and drilling work on
the South Sun River Prospect as well as the company's ability to
raise capital and secure investor interest in Germany and the
European Community. The reader can identify these forward-looking
statements by forward-looking words such as "may," "will,"
"expect," "potential," "anticipate," "forecast," "believe,"
"estimate," "project," "plan," "continue" or similar words. The
reader should read statements that contain these words carefully
because they discuss future expectations, contain projections of
future results of operations or of financial condition, or state
other forward-looking information. Forward-looking statements
include, but are not limited to, statements regarding seismic
studies, potential drilling, wells, oil production, revenues,
expansion efforts, and future plans and objectives of Norstra
Energy Inc. The risk factors listed in our disclosure documents and
the cautionary language on the Company's website provide examples
of risks, uncertainties and events that may cause actual results to
differ materially from the expectations and projections described
by Norstra in its forward-looking statements. Actual results
relating to, among other things,exploration activities, oil
reserves, production, revenues and profitability could differ
materially from those currently anticipated in such statements.
Factors affecting forward-looking statements include: results of
exploration activities, ability to secure operations staff and
equipment; changes in the operating costs; changes in economic
conditions, foreign exchange and other financial markets; changes
of the interest rates on borrowings; in the investments levels;
litigation; legislation; environmental, judicial, regulatory,
political and competitive developments in areas in which Norstra
operates; technological, mechanical and operational difficulties
encountered in connection with Norstra's development activities;
and labor relation matters and costs. The reader should refer to
the risk disclosures set out in the periodic reports and other
disclosure documents filed by Norstra from time to time with the
Securities and Exchange Commission and other regulatory
authorities.
CONTACT: For further information regarding Norstra Energy,
please contact:
Norstra Energy - Investor Relations
Tyler Troup, B.Comm
Phone: 1-866-865-2780
E-mail: ir@norstraenergy.com
Website: www.norstraenergy.com
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