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Pin to quick picksNostra Terra Share News (NTOG)

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AIM WINNERS & LOSERS: Nostra Terra jumps on reserves upgrade

Wed, 29th Sep 2021 11:50

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Nostra Terra Oil & Gas Co, up 36% at 0.58 pence, 12-month range 0.30p-0.85p. The oil & gas exploration and production company announces the renewal of its senior lending facility, resulting in a significant increase available borrowing base, and a substantial upgrade in reserves. Says new debt facility has an initial nominal amount of USD10 million, double the previous USD5 million. The borrowing base has also been raised, to USD2.4 million from USD1.6 million. Nostra says total, net reserves have been increased by 27% to 973,180 barrels from 764,030 barrels.

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Pittards PLC, up 11% at 71.90p, 12-month range 36.00p -71.90p. The leather products maker reports positive trading momentum and reinstates dividend payments. For six months to June 30, revenue rises to GBP9.7 million from GBP6.6 million last year and Petards swings to pretax profit GBP264,000 from GBP2.3 million loss. Declares interim dividend of 0.5p, having paid nothing last year.

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AIM - LOSERS

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Hurricane Energy PLC, down 18% at 3.80p, 12-month range 0.59p-5.43p. The oil producer lifts annual production guidance but warns of potential disruption next year. Hurricane continues to expect production of between 8,500 and 10,500 barrels of oil per day in 2021 and says production is now likely to be towards the upper end of that range. The company expects well-head flow pressure in the Lancaster reservoir to reach the bubble point by the end of the first quarter of 2022. "Whilst this has been factored into the guidance for the period, there will remain a degree of uncertainty regarding the full impact of this, along with the risk that gas liberated from the reservoir could be produced which could result in production either being reduced or ceased altogether," Hurricane warns.

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Quiz PLC, down 23% at 18.79p, 12-month range 5.50p-29.00p. The fashion retailer reports drop in revenue, pointing to Covid disruption. For the financial year that ended March 31, swings to pretax profit of GBP6.0 million from loss of GBP29.4 million, but revenue sinks to GBP39.7 million from GBP118.0 million. Ends period with 61 stores, down from 75 at March 31, 2020. Going forward, says a higher proportion of revenue will be generated from its own stores and websites, which have traditionally generated higher returns than other revenue streams.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
16 Jan 2024 17:35

IN BRIEF: Nostra Terra Oil & gas signs strategic deal with Cypress

Nostra Terra Oil & Gas Company PLC - London-based oil & gas company - Further to announcement on January 11, signs a strategic partnership with a subsidiary of Cypress. Explains the partnership will allow the two companies to use an extensive, modern, regional 3D seismic data set to jointly develop production growth opportunities across an expansive area of East Texas where the companies have already experienced "great" results. The initial target of the exercise will be the sub-Clarksville horizon found in the Fouke wells, but the technical focus will not be limited to this horizon alone.

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11 Jan 2024 10:36

IN BRIEF: Nostra Terra reports fundraise to expand Pine Mills work

Nostra Terra Oil & Gas Co PLC - exploration and production company with portfolio of development and production assets in Texas - Shares fall following GBP300,000 fundraise through subscription and placing of 250.0 million shares at 0.12 pence each. Will use funds to develop drilling opportunities around its Pine Mills asset in East Texas, as well as for general working capital. Company has been seeking opportunities similar to its successful Fouke wells at Pine Mills. Says it is nearing completion of a deal allowing additional, analagous developments over a large area within and contiguous to existing Pine Mills acreage. Experience gained from Pine Mills suggests agreement "has the potential to provide an inventory of drilling locations for many years to come."

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11 Jan 2024 10:22

AIM WINNERS & LOSERS: Windward sails higher; Nostra Terra raises funds

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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28 Sep 2023 14:24

Nostra Terra Oil & Gas swings to profit after optimising production

(Alliance News) - Nostra Terra Oil & Gas Co PLC revenue declined in the first half but it swung to a profit in a period of "prudent progress".

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30 Aug 2023 10:53

Nostra Terra shares jump on "best possible result" for Fouke wells

(Alliance News) - Nostra Terra Oil & Gas Co PLC on Wednesday said it has received approval to increase the production limit at the Fouke wells in the US state of Texas to 126 barrels of oil per day per well.

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2 Jun 2023 13:24

Nostra Terra reaches record revenue, swings to gross profit

(Sharecast News) - Oil and gas explorer and producer Nostra Terra reported record-breaking levels of production and revenue in its final results on Friday, while effectively managing costs and ensuring no dilution to shareholders.

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2 Jun 2023 09:30

Nostra Terra annual loss narrows and revenue up on strong oil prices

(Alliance News) - Nostra Terra Oil & Gas Company PLC reported an annual revenue boost on Friday, as the company benefitted from strong oil prices.

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20 Apr 2023 17:23

TRADING UPDATES: Greatland hails gold find; Capital revenue climbs

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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30 Dec 2022 14:37

TRADING UPDATES: Lansdowne extends loan, Celadon plans clinical trial

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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16 Dec 2022 12:22

IN BRIEF: Nostra Terra increases senior lending facility by 30%

Nostra Terra Oil & Gas Co PLC - Texas, US-focused oil and gas exploration and production company - Increases the borrowing base of its senior lending facility by 30% to USD4.4 million from USD3.4 million in March. Says the facility is provided by bank Washington Federal Inc. Says the interest rate also increases to 6.5% from 4.4%. Expects future net income to be USD34.4 million, up 6% from March.

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6 Oct 2022 17:18

TRADING UPDATES: Nostra revenue rises; Synergia eyes Cambay farm-out

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News:

Read more
6 Oct 2022 17:17

TRADING UPDATES: Nostra revenue rises; Synergia eyes Cambay farm-out

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News:

Read more
6 Oct 2022 17:17

TRADING UPDATES: Nostra revenue rises; Synergia eyes Cambay farm-out

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News:

Read more
1 Sep 2022 17:52

TRADING UPDATES: Strong interim results from Johnson Service, Eurocell

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
1 Aug 2022 17:47

IN BRIEF: Nostra Terra notes reach of payback by Fouke-2 well

Nostra Terra Oil & Gas Co PLC - London-based oil and gas company with operations focused in the US - Fouke-2 well, in which Nostra holds a 33% working interest, has reached payback - the recovery of all drilling costs from net cashflow - less than three months after output startup.

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