Nostra Terra, through its New Horizons Energy 1 sub, has agreed to farmout a 75% stake to Cypress Egy in its so far wholly-owned small Pine Mills acreage in eastern Texas. The deal is in exchange for the farminee drilling + completing an explo well in a small part of the Pine Mills area within 6 months, upon which it has already acquired 3D seismic. NT will be carried for 25% through the well.
Nostra Terra, has agreed to farmout a 75% stake to Cypress Egy in its so far wholly-owned small Pine Mills acreage in eastern Texas.