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Share Price Information for Nostra Terra (NTOG)

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Share Price: 0.11
Bid: 0.10
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Change: -0.005 (-4.35%)
Spread: 0.02 (20.00%)
Open: 0.11
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Low: 0.10
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Nostra Terra Oil & Gas Reports Sharp Rise In Texas Oil Reserves

Thu, 14th Feb 2019 13:17

LONDON (Alliance News) - Nostra Terra Oil & Gas Co PLC on Thursday reported more than three fold rise in its proved and probable oil reserves.

The company said that its oil reserves rose to 2.4 million barrels of oil from 646,280 at its assets at Pine Mills in East Texas and Permian Basin assets in West Texas, including the Mesquite asset.

Net proved reserves amount to 764,030 barrels of oil. Net reserves are defined as the portion of gross reserves attributable to Nostra Terra's interests after deducting all shrinkage, royalties, overriding royalties, and reversionary interests owned by outside parties.

The increase is primarily due to the successful drilling and development of existing Permian Basin assets during the first half of 2018, Nostra Terra said.

The company's total proved & probable future net income is now estimated at USD58.7 million.

Nostra Terra shares were flat at 2.40 pence each on Thursday afternoon.

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29 May 2013 09:48

Nostra Terra elects to participate in sixth well

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24 May 2013 09:46

Nostra Terra receives initial 200k dollars from Richfield judgement

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Nostra Terra expands Chisholm Trail acreage

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13 Mar 2013 08:12

Nostra Terra acquires stake in Texas progect

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25 Feb 2013 11:11

Shares lift as Nostra Terra reports better-than-expected January results

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Nostra Terra Oil and Gas Company gains on Oklahoma prospect

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Nostra Terra hails Oklahoma well results

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8 Jan 2013 09:42

Nostra Terra begins production on Oklahoma oil wells

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