SOUTHLAKE, Texas, May 6, 2013 (GLOBE NEWSWIRE) -- NORSTRA ENERGY INC.WWW.NORSTRAENERGY.COM (OTCQB:NORX) ("Norstra" or the "Company") is interpreting and evaluating seismic data in order to render the most accurate possible graphic representation of specific portions of the South Sun River Project's subsurface geological structure.
Norstra's geological team has defined three sections of its current holdings that are diagonally offsetting along the strike of the thrust sheets. There is an abundance of seismic data available on this portion of the Sun River Prospect. Several major oil companies including Arco, Shell, Occidental, and Exxon were pursuing deeper targets than the Bakken in the 1980s resulting in considerable seismic data in our area. Most of the seismic is high quality 12 fold dynamite lines and nearly all the major oil companies have made their data available through representatives.
The images that the company has already acquired, as well as additional data that it is evaluating for potential acquisition, allow Norstra and its geophysical consultants, R. J. Grundy & Associates, to accurately evaluate the Bakken prospect for drill sight location. With the recorded seismic "signatures" Norstra and its geophysicist have the tools to produce the truest possible image of the sub-surface geological structure on the South Sun River Project. Norstra has acquired 14 miles of seismic lines and plans to double its portfolio of seismic information as it extends its study to the northwest of the initial 3 sections currently under consideration for the first drill location.
Mr. Glenn Landry, President of Norstra stated, "Our seismic experts, R. J. Grundy and associates, of Denver, have over 35 years of global experience in oil and gas exploration and geophysical interpretation. They have previously done historic seismic work within 2 miles of the target area which is of great value for us. The initial seismic evaluation for the first of 3 sections is near completion. The first thrust sheet west of the Krone well which was drilled by Shell Oil Company, is clearly visible. Additional review will be conducted along the strike of the sheet."
Acquisition of seismic data involves the transmission of controlled acoustic energy into the earth, and recording the energy that is reflected back from geological boundaries in the subsurface. Processing these reflections produces a synthetic image of the earth's subsurface geological structure.
This press release contains "forward-looking statements." Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, and specifically references to the timing or outcomes of seismic interpretation and acquisition, exploration and drilling work on the South Sun River Prospect as well as the company's ability to raise capital and secure investor interest in Germany and the European Community. The reader can identify these forward-looking statements by forward-looking words such as "may," "will," "expect," "potential," "anticipate," "forecast," "believe," "estimate," "project," "plan," "continue" or similar words. The reader should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. Forward-looking statements include, but are not limited to, statements regarding seismic studies, potential drilling, wells, oil production, revenues, expansion efforts, and future plans and objectives of Norstra Energy Inc. The risk factors listed in our disclosure documents and the cautionary language on the Company's website provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by Norstra in its forward-looking statements. Actual results relating to, among other things,exploration activities, oil reserves, production, revenues and profitability could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: results of exploration activities, ability to secure operations staff and equipment; changes in the operating costs; changes in economic conditions, foreign exchange and other financial markets; changes of the interest rates on borrowings; in the investments levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Norstra operates; technological, mechanical and operational difficulties encountered in connection with Norstra's development activities; and labor relation matters and costs. The reader should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Norstra from time to time with the Securities and Exchange Commission and other regulatory authorities.
CONTACT: For further information regarding Norstra Energy, please contact: Norstra Energy - Investor Relations Tyler Troup, B.Comm Phone: 1-866-865-2780 E-mail: email@example.com Website: www.norstraenergy.comSource:Norstra Energy Inc.