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Nostra Terra Oil & Gas Co PLC - AIM-listed company focused on the prolific Permian Basin in West Texas - Notes the recent trade article highlighting successful wells near its assets in the Permian Basin. The article describes the development of previously disregarded and bypassed pay in the Pennsylvanian Strawn Formation. This geology and play are of considerable interest to Nostra Terra as it sits in a region known to the company and close to acreage in our existing portfolio. "This once again demonstrates the prospective nature of our portfolio and the attractive returns on investment capable of being generated," Nostra Terra said in its statement Wednesday.
Current stock price: 0.38 pence
Year-to-date change: down 64%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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