Terra Nova Spuds Wolfman #1 on PEL 112
23 Juillet 2013 - 7:01PM
Access Wire
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.
Terra Nova Energy Ltd. (TSXV:TGC)
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