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Norstra Energy, BNV Energy Enter Deal

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June 25, 2014

Southlake, Texas-based Norstra Energy Inc. (OTC: NORX) and Houston-based BNV Energy Co. LLC entered an agreement to drill natural gas wells in Montana, Norstra said June 25.

For about $1.5 million, BNV will drill the wells on Norstra’s Milford Colony section in northwest Montana, the company said, noting that BNV will also build a gas-gathering system that will move the gas through the Northwestern Energy Pipeline.

BNV will earn a 60% working interest in Milford Colony’s nearly 5,382 acres, Norstra said. The working interest will be “directly contributed” by Vancouver, ...

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