October 25, 2014 8:41 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Norstra Energy, Inc.

Company Overview

Norstra Energy, Inc., an exploration stage company, focuses on the exploration and development of oil and gas properties in the United States. It owns a 100% interest in the Lerado Extension project covering approximately 40 acres of land located in Reno County, Kansas. The company was formerly known as Norstra Inc. and changed its name to Norstra Energy Inc. in November 2011. Norstra Energy, Inc. was founded in 2010 and is based in Laredo, Texas.

414 Manor Road

Laredo, TX 78041

United States

Founded in 2010

Phone:

888-474-8077

Key Executives for Norstra Energy, Inc.

Chief Executive Officer
Age: 64
Chief Financial Officer and Principal Accounting Officer
Age: 36
Compensation as of Fiscal Year 2013.

Norstra Energy, Inc. Key Developments

Norstra Energy, Inc. announced delayed 10-Q filing

On 07/16/2014, Norstra Energy, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Norstra Energy Inc. Enters into a Farm-In Agreement with BNV Energy Company LLC

On June 16, 2014 Norstra Energy Inc. entered into a Farm-In Agreement dated June 6,2014 with BNV Energy Company LLC (BNV) of Houston, Texas and Super Nova Petroleum Corp. (Super Nova). Pursuant to the new Agreement, BNV shall have the option to earn at 60% working interest in roughly 5,382 acres of the Milford Colony lands currently optioned by Super Nova. To earn the 60% interest, BNV is required to drill two natural gas wells on the Milford Colony lands at an aggregate cost of approximately $1,000,000. BNV shall have until September 30th, 2014, to secure financing for the first well, whereupon it will be entitled to receive warrants to purchase 4,000,000 common shares of Norstra exercisable for two years at $0.125 per share during year 1 and $0.15 per share during year two. No warrants will be issuable if the $400,000 budget for the first well is not paid into escrow by September 30, 2014. Funding of the second well must be secured by June 15, 2015. Upon completion of each well, BNV shall have earned the 60% working interest in relation to the lease tract associated with that well with no further drilling or carry obligations. If the wells are commercially viable, BNV will be required to construct a gas gathering system which will collect natural gas for the wells, and feeds it to the 16" Northwestern Energy pipeline close by the project. The total AFE cost that BNV will be required to spend for the gathering system is approximately $500,000. BNV will retain ownership of the gathering system, provided that Norstra shall have an option to purchase the system and to charge a fee for its use.

Norstra Energy, Inc. announced delayed annual 10-K filing

On 05/30/2014, Norstra Energy, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

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