Norstra Expects to Acquire Drill Permits This Week
Post# of 301275
SOUTHLAKE, Texas, July 15, 2013 (GLOBE NEWSWIRE) -- 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.
For further information Contact: Norstra Energy - Investor Relations Tyler Troup, B.Comm Phone: 1-866-865-2780 E-mail:
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