Some good news here today with the long-awaited Verde spud which I’m reliably informed began over the weekend. It’s another one that needs to be remembered here that the oil is actually already there. So it’s not a question of finding oil. “Drilling of the well is expected to be completed by the end of August, depending on operations and possible formation tests. Drilling will be followed by completion and initial production testing. Nostra Terra will make further announcements as the operations progress.”
Hopefully this is the start of the much awaited increase in bopd that Nostra have been promising for so long. So it’s a very busy news period for the company with Oklahoma drills and Verde drills also there’s possible news of further asset acquisitions that should be confirmed in the near term. It’s going to be a busy few months for the company and investors. I certainly expect the sp to rise on good news and expectation of the impending oil strike at Verde.