Nostra Terra Share News (NTOG)
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Mon, 04th Feb 2019 14:26
LONDON (Alliance News) - Nostra Terra Oil & Gas Co PLC on Monday said that its Twin Well located in the Mitchell County, US, achieved full payback of drilling costs within one year of production.
"This considerably exceeds the expectations of the company of the likely payback period at the start of drilling," Nostra Terra said.
The well was drilled in the first half of 2018 and put into production in February 2018.
Nostra Terra shares were trading up 7.5% at 2.58 pence each.
(ShareCast News) - Shares in Nostra Terra Oil and Gas jumped over 8% early on Monday, after the energy group clinched a deal with Independent Resources. Under the terms of the agreement, the two companies have set up a joint venture to pursue new projects in North Africa and are currently discussing
Read moreNostra Terra Oil and Gads has appointed Kristian Ewen Ainsworth as its new non-executive chairman, effective immediately. Ainsworth will succeed Adrian Blennerhasset, who has stepped down from the position to pursue other interests. As a chartered management account and a fellow of the Institute of
Read moreOil and gas exploration company Nostra Terra announced on Monday that it has acquired a 1% stake in the San Miguel prospect in the South Texas region. The prospect spans 35,000 acres and shares similar characteristics with the Don Pedro prospect, in which Nostra Terra purchased a 1% stake in April.
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