The company will drill this well to a depth of approximately 5,300ft and the drilling operations will be followed by completion and initial production testing.
According to the company, drilling of this initial well is expected to be completed by the end of this month, depending on operations and possible formation tests.
Nostra Terra holds a 16.25% working interest in the Verde prospect in south-eastern Colorado.
Nostra Terra is an oil and gas exploration and production firm with its focus on the US mid-continent area.
