Norstra Energy Inc. (OTC BB: NORX) has entered into a farm-out agreement with Summit West Oil LLC for the South Sun River Bakken Prospect.

The South Sun River Prospect was identified by the company's management as an excellent target for a Bakken well. It consists of over 10,000 acres of prime Bakken acreage with almost 10 years left on most of the leases. Bakken development is considered simple and basic horizontal drilling. Under the Farm Out Agreement, Norstra will provide $200,000 for short term working capital and drill and complete ...