According to the company, the well has been recommended for completion, and indications of productivity in drilling samples and electric logs were positive.
Production casing will be run to total depth, followed by completion in the most optimal zone(s).
Nostra Terra said that two or three further development wells could be drilled following evaluation of testing and potential production of the initial well and the company has the right to participate in these wells.
The company holds a 16.25% working interest in the Verde prospect.
