Las Vegas, NV -- (SBWIRE) -- 09/16/2013 -- Norstra Energy, Inc (OTCBB:NORX) declared that it successfully dealt with Faith Drilling for the first well surface casing. Faith reached the site and started working.
Norstra stated that remaining steps of the project include vertically drilling 8,800 feet deep and 5,280 feet horizontal drilling. This includes a 10-12 stage frac.
The company also secured debenture financing. Under the deal, $250,000 is convertible into common shares at $0.50 price per share. This is 67% premium on price at September 9th, 2013.
Norstra Energy, Inc. previously known as Norstra Inc is an exploration and development company based in Texas. The company works on oil and gas properties located in the USA. The company has a 100% interest in the project named Laredo Extension that covers about 40 acres land in Kansas.
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