TICKERS IN THIS ARTICLE
| NAME | LAST | CHNG | % CHNG | |
|---|---|---|---|---|
| NORX | 0.43 | +0.03 | +7.50 | |
| |
||||
SOUTHLAKE, Texas, Sept. 25, 2013 (GLOBE NEWSWIRE) -- NORSTRA ENERGY INC. WWW.NORSTRAENERGY.COM (Pink Sheets:NORX) ("Norstra" or the "Company"), a company poised to expand the excitement of the Bakken Shale oil deposit in Western North Dakota/ Eastern Montana towards the geologically promising Rocky Mountain front/ Montana Sweetgrass Arch, is pleased to announce the successful completion of setting 850' of surface casing for the company's first Bakken targeted well, the 13-11 Milford Colony.
During close supervision of the drilling, Glen Landry, CEO collected mud and cutting samples throughout the operation. A notable observation is that there were several shows of heavy crude oil in the Marias formations, which is not necessarily indicative of hydrocarbons in economic quantities, but is potentially indicative of oil migrating from other deeper accumulations, one hypothesis being seepage up faults with the originating formation being the Bakken.
Pictures of the progress of the 13-11 Milford Colony well be viewable on the company's website under the "Projects" tab this week.
The Company encourage all readers to call the toll free Investor Relations number below with further questions. The company also encourages readers to join our e-newsletter located on the bottom left of the Company's website. Furthermore, we encourage all readers to review the information regarding the company, including among other items the Company's filings, located at http://www.otcmarkets.com/stock/NORX/company-info .
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 Company being able to finance or complete the drilling of a well on any of the Company's exploration properties. 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 financing arrangements, exploration activities, potential oil production, revenues, expansion efforts, 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, our prospective convertible debenture, our planned 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 Inc.,
please contact:
Tyler Troup, B.Comm
Circadian Group Investor Relations
Phone: 1-866-865-2780
E-mail: ir@norstraenergy.com
GlobeNewswire, Inc. 2013
