Nostra Terra Buys Into Horizontal Drilling Play In Okla.

Law360, New York (August 29, 2012, 2:06 PM EDT) -- U.K. oil and gas producer Nostra Terra Oil & Gas Co. PLC has acquired from energy exploration company Ward Petroleum Co. a minority stake in an Oklahoma horizontal drilling oil and natural gas project expected to produce up to 7.5 million barrels of oil equivalent, Nostra Terra said Wednesday.

Nostra Terra, which focuses on U.S. oil and gas investments, said it acquired a 20 percent nonoperating interest in the Chisholm Trail Prospect, a 1,420-acre project in Oklahoma to develop shallow oil targets with associated liquids-rich natural...
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