CaiTerra International Energy Corp. (TSXV: CTI) reports drilling has begun on its property in the Faust area of north central Alberta, Canada.

The Faust property is located just north of the Swan Hills oil field and west of Black Pearl Resources Inc.'s Mooney Pool producing oil property and south of the Town of Slave Lake. The lands forming the Faust property are Crown leases with varying expiry dates. The Faust property comprises 18,600 net acres of lands of interest that are not subject to expiry for the next three years ...