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Pin to quick picksNostra Terra Share News (NTOG)

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Nostra Terra reports doubling of acreage at Cypress farmout

Wed, 03rd Mar 2021 15:40

(Sharecast News) - Oil and gas exploration and production company Nostra Terra updated the market on operations at its Pine Mills asset in East Texas on Wednesday, reporting that the Cypress farmout acreage had doubled in size.
The AIM-traded firm said potential additional locations and reserves had been identified, with a second Cypress well planned in 2021.

It said the remaining acreage wholly owned by the company, meanwhile, was being assessed for further potential farmouts.

"With the recent success at Pine Mills we're excited to have doubled the acreage position in an area of virgin reservoir with the next well now being planned," said chief executive officer Matt Lofgran.

"Pine Mills has been a strong asset with much more potential for further development.

"Nostra Terra continues to execute on our plans to grow production and cashflow, primarily from existing assets, while still seeking additional opportunities that could be transformational for the company, both in the United States and in other developed oil and gas provinces."

At 1138 GMT, shares in Nostra Terra Oil and Gas Company were down 4.17% at 0.58p.
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31 May 2013 08:43

Nostra Terra Oil & Gas increases stake in High Plains

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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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1 May 2013 14:33

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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13 Feb 2013 11:49

Nostra Terra Oil and Gas Company gains on Oklahoma prospect

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Nostra Terra issued with 1.3m-dollar loan note

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28 Jan 2013 08:59

Nostra Terra hails Oklahoma well results

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8 Jan 2013 09:42

Nostra Terra begins production on Oklahoma oil wells

Nostra Terra kicked off production at two oil wells in the Chisholm Trail Prospect in Oklahoma, the company said Tuesday. The oil and gas producer said it had completed work on the third and fourth horizontal wells which are now producing. The third and fourth wells are cleaning up, while recover

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11 Dec 2012 14:14

Oil output exceeding expectations at Nostra Terra Oklahoma well

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