CaiTerra Starts Drilling on Faust Property in Alberta

CaiTerra International Energy Corporation (TSXV:CTI) announced that it has already commenced drilling on its Faust Property which comprises of 18,600 net acres of land that won’t expire for the next 3 years, and 3,840 net acres of land that won’t expire until April 2013.

As quoted in the press release:

The well configuration is a vertical well with a planned drill depth of 955 metres and is being conducted along a line of 2D seismic located on the eastern half of Legal Subdivision (LSD) 9, Section 4, Township 72, Range 10, West of the 5^th Meridian. At the date of this news release, the drill has reached a depth of 500 metres.

Click here to read the full CaiTerra International Energy Corporation (TSXV:CTI) press release.