Photo Release -- Norstra Announces Investor Visit; Management Inspection
2013年7月9日 - 9:30PM
Norstra WWW.NORSTRAENERGY.COM (OTCQB:NORX) would like to
announce that an inspection was conducted by our Management at the
drill site for the 13-11 Milford Colony well. Also, several
prospective Investors flew to Montana during the last week of June
and visited most of Norstra's operations, including the first
staked well location
(a photo accompanying this release is
available at
http://www.globenewswire.com/newsroom/prs/?pkgid=19745. Photo
credit: Darryl L. Flowers, Publisher, Fairfield Sun
Times).
With respect to Management's most recent visit and inspection,
it was noted that the first drill site has several strategic and
economic advantages over more typical scenarios:
1. The survey stake is less than 500 feet off the paved highway
near the Colony facilities. A gravel road connects the future
pad to the highway. No roadwork will be necessary.
2. Three phase power is present within 200 feet of the
northeast corner of the pad.
3. A year round stream with Colony water rights is present
within 300 feet of the west side of the pad. There should be
no need for a water truck or water hauling.
4. The pad site is nearly flat requiring little excavation
other than clearing the surface material.
5. Gravel for the pad can be obtained within 2 miles for
$2.00 per yard.
6. A nearby water well drilled by the Colony across the
road encountered smelly gas at 500 feet. The well was
abandoned as a water well, but the presence of smelly gas suggests
gas potential. The connection for gas sales is only 3 miles
away with the option to sell backwards through the line delivering
gas to the Colony. Norstra would not need a pipeline at least
initially.
Glen Landry, CEO, Norstra stated:
"All in all this is without a doubt the best drill location I
have ever seen. We can expect to save over $200,000 in the
drilling and completion of this well.
"Norstra is excited to start work right away after receipt of
our permit. Norstra has already confirmed that the selected
drilling contractor is available to start setting surface casing
for the company in late July."
Norstra is correcting a typographical error in our permit
request so the permit will be deferred for another 10
days. When the new advertising period of 10 days has passed,
the permit will be requested.
We strongly urge any prospective investors to obtain advice from
a qualified investment professional prior to making any investment
in our Company.
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.
CONTACT: For further information Contact:
Norstra Energy - Investor Relations
Tyler Troup, B.Comm
Phone: 1-866-865-2780
E-mail: ir@norstraenergy.com
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