Terra Nova Spuds Wolfman #1 on PEL 112
30 Julho 2013 - 3:17PM
OTC Markets
Terra Nova Spuds Wolfman #1 on PEL 112
July 23, 2013 ? Vancouver, British
Columbia.
Terra Nova Energy Ltd. (TSXV: TGC) (?Terra
Nova?)
reports that drilling of the Wolfman #1 exploration well on
Petroleum Exploration License (?PEL?) 112 is underway. It
is expected that Wolfman #1 will be drilled vertically 1,720 meters
(5,600 feet), and will take approximately 10 days to reach Total
Depth. The well, which targets the Namur Sandstone in a dip-closed
structure, spudded July 23, 2013.
About Terra Nova Energy Ltd.
Terra Nova Energy Ltd. is an oil and gas company
with a right to acquire up to a 55% working interest in two onshore
petroleum exploration licenses (?PELs?), being PEL 112 and PEL 444,
located on the western flank of the Cooper Eromanga Basin in the
State of South Australia, Australia. Its common shares trade on the
TSX Venture Exchange under the symbol "TGC".
For more information please contact:
Terra Nova Energy Ltd.
Nico Civelli
VP
Finance
+41 44 217 4804
civelli@niconsult.ch
Forward
looking information
This news
release contains forward-looking information relating to Terra
Nova?s intentions to conduct the seismic program and subsequent
drilling programs and other statements that are not historical
facts. Such
forward-looking information is subject to important risks and
uncertainties that could cause actual results to differ materially
from what is currently expected, for example: risks related to oil
and gas exploration, development, exploitation, production,
marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, competition from other
producers, inability to retain drilling rigs and other services,
reliance on key personnel, and insurance risks. In making such forward-looking
statements, Terra Nova has relied upon certain assumptions relating
to geological settings, commodity prices, the stability of markets
and currencies, the availability of capital, and Terra Nova?s
ability to continue with the seismic and drilling
programs. You should
not place undue importance on forward-looking information and
should not rely upon this information as of any other date. While
Terra Nova may elect to, Terra Nova is under no obligation and does
not undertake to update this information at any particular time,
except as required by applicable securities law.
Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
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