Norstra Expects to Acquire Drill Permits This Week
July 15 2013 - 11:24AM
NORSTRA ENERGY INC. WWW.NORSTRAENERGY.COM (OTCQB:NORX) ("Norstra"
or the "Company") would like to inform investors that the
drilling permit should be acquired this week. As we prepare to
drill, a prognosis needs to be developed to provide the best
estimate of where the formations will be encountered. Data
from the Krone, Soap Creek #1, and Soap Creek #13-31 display
varying sequences or formations due to the thrusting in the area.
From the seismic, it appears that the thrusting activity will
occur from surface to perhaps the Swift formation at around 5,500
feet. The Bakken appears at around 8,800 feet while in the
Krone it is at around 7,000 feet. This difference is
attributed in part to additional thrust blocks present between
surface and 5,000 to 6,500 feet.
The best estimate for where we will encounter formation tops is
as follows:
13-11 Milford Colony
elevation
- surface -- Two Medicine formation
- Virgelle (if no thrust) -- 127 ( +2919)
- Milk River -- thrusted
- Blackleaf -- thrusted
- Kootenai -- thrusted
- Morrison -- thrusted
- Swift -- thrusted
- Rierdon -- 6400 (-2185)
- Sawtooth -- 7510 (-3295)
- Madison -- 7580 (-3365)
- Bakken -- 8800 (-4585)
Gas has been noted in the offsetting Soap Creek #1 and the Soap
Creek 13-31. The gas is either in the Virgelle, adjoining
Eagle, or coal stringers. An attempt will be made to drill
with air to best evaluate the gas potential.
Oil is mentioned in a shallow sand as well. No gas kick was
associated. Even with fluorescence it may be a heavy crude.
Forward-Looking Statements
This news release may contain "forward-looking statements," as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
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,
including but not limited to, exploration and development of our
properties. Forward-looking statements include, but are not limited
to, statements regarding the cost and availability of labor, water,
utilities, and other materials in relation to our proposed drill
site.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of minerals
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
CONTACT: For further information Contact:
Norstra Energy - Investor Relations
Tyler Troup, B.Comm
Phone: 1-866-865-2780
E-mail: ir@norstraenergy.com
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