The drilling program is expected to take about 30 days which will be followed by completion and initial production testing.
Nostra Terra chief executive officer Matt Lofgran said the well is one of the three wells that will be drilled on the prospect this year, where the company has interests of up to 20%.
"We are closely monitoring it’s progress in anticipation of the commencement of drilling the initial well where we have a 20% interest."
The company owns a 0.47% working interest in the first well being spud.
US-based Ward Petroleum is the operator of the prospect.
