Still waiting for this years Growth plan.25 Jan 2023 19:44
This was last years ,;
Wed, 5th Jan 2022 07:00
RNS Number : 4339X
Nostra Terra Oil & Gas Company PLC
05 January 2022
5 January 2022
Nostra Terra Oil and Gas Company Plc
("Nostra Terra" or "the Company")
2022 Growth Plans
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to provide its growth plans for 2022, continuing the positive Company developments in 2021.
Highlights
· Grow cashflow
· Drill 3-4 new wells - to be funded from existing cash resources, facilities and cashflow
o 1 new development well in Pine Mills
o 2-3 new wells in the Permian Basin
· Further progress opportunity in Tunisia
Nostra Terra has a portfolio of producing assets in the USA, where the Company is net cash generative to the corporate level. As a result of increasing production, strengthening oil prices, and prudent management, the Company is now self-funding. Nostra Terra is pleased to share its growth plans for 2022, which will commence with immediate effect and which are planned to maintain a fast pace throughout the year.