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Paul Welch on revamping Nostra Terra Oil & Gas - ICYMI

Last updated: 10:15 10 Aug 2024 BST First Published: 10:11 10 Aug 2024 BST

Written by: Ian Lyall

Edited By: William Farrington

"Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) chief executive Paul Welch discussed the company's recent fundraiser of £450,000 aimed at returning idle wells to production, which is expected to significantly boost daily production and cash flow. He also emphasised the potential of the Pine Mills field, which is projected to increase production and generate substantial revenue through optimised drilling techniques and 3D seismic analysis."

The turnaround story here has begun. Won't be long before this is back to 0.10-0.15 and beyond...

"There’s the big sell"

That's a delayed sell from yesterday you dumbass

"08-Aug-24 14:54:52 0.0285 105,000,000"

Didn't hold it back today did it? But you are too bitter to make any worthy comment when things are finally looking up.

Virtually nothing left on the ask at .35 now .....

Just landed :))

"I will take a bit of time out"

Lol, maybe he should have taken a bit of time out before deciding what to write on LinkedIn.

Perhaps step back and take a long look at what has really happened here and who it was at the helm during the last few years?

Very impressive to have her on board here. Not at all surprised this is starting to rise now ......

"Below is some examples of the work Stacey has accomplished for her clients and her achievements;

Acquisition of rights:

• to the two most sought after oil blocks in the Nigerian 2005 license round for a US$485 million signature bonus in partnership with the Korea National Oil Company and Sinopec, China;

• to the most sought after exploration block in Democratic Republic of Congo opposite discoveries in Uganda;

• to the first two blocks to be allocated in the São Tomé and Príncipe EEZ licensing round, 2011;

• to one of the two most sought after blocks in the Sierra Leone licensing round 2012;

• to the Conoco Philips divestiture of assets to Oando in Nigeria for US$1.2 billion;

• by drafting a successful proposal to acquire rights deep water Block 1 in the São Tomé and Príncipe JDZ; and

• to a farm in to one of the most sought after deep water blocks offshore Ghana next to 7 discoveries;

M&A and IPO’s

• Supporting the listing of Equator Exploration on AIM of the London Stock Exchange;

• Reverse takeover by integrated oil company, Oando Energy Resources, of a TSX listed company;

• Potential takeover of AIM listed San Leon Energy by a Chinese conglomerate;

• Originated the sale of two producing fields in Argentina to a TSX listed exploration company; and

• Originated the sale of a German state owned pipeline company, Hans Brochier, to a private UK investor.

Corporate Finance

• Assisted with two private placements totalling US$310 million for AIM listed Equator Exploration;

• Drafted secured bridge loan agreements for US$200 million and organized a corporate restructuring for Equator;

• Raised seed funding for a TSX listed E&P company, Canoel International Energy;

• Secured a commitment of litigation funding of US$3 million to finance a US$2.5 billion claim for a PSC breach and closed a secured bridge loan to the claimant."

A positive I've noticed here with the last 2 days of this rising is that no one is pumping this on ye olde twitter.

Not at all surprised it has started to move though. Those 2 updates last week were very good and any day now could see an announcement on a potential farm in to fund drilling, which would be great for shareholders as would be non dilutive.

Looks like there could be a decent move here

New interesting board appointment last week

Namibia update

Bod subscribing to loads more shares a couple of months ago

Expected to drill this year.......only means one thing imo - non-dilutive financing agreement close or very imminent

Should be 10X current Mcap imo

Hoping to pick up a few million more at these prices by Mon ;))

The De-rampers haven't gone, they've just got nothing more to say on what has been a disastrous investment by many who put their faith in JW.

Thank god he's gone, for good.

Recap -

IM - dead in the water (perhaps may be resurrected in a few years with a lengthy Supreme Court challenge)

Debt now $140 Million

Losses still on an epic scale

Over 1500 personnel to pay along with overheads

Falklands contract in jeopardy

£200 Million facility turned down by govt ( at least we can all see now why they did)

Accounts still not published

Still suspended

The latest injection of funding will just allow the company to avoid immediate administration while they complete a strategic review and likely sell it off to get whatever they can.

I expect Riverstone wish they had never got involved with Harland & Wolff now or anything directly connected to JW.

Yes great news!

Not many explorers ever become producers but GWMO have finally done it!

With no objections and a green light I reckon this will make the company even more attractive to potential JV partners looking at our huge copper porphyry, seeing us about to generate our own revenues is a win win for everyone :))

3 bags for starters if that lands - 10 bagger plus for those willing to hold

Nice 18M delayed buy showing up this evening @.099 - lucky buggers whoever that was.

Should open up tomorrow, keeping a lookout for the all important financing to land amongst other things - could be near the start of a news rich period finally

I think Moonboy is buying back in, but higher up than what he sold for, very hard to buy any decent amount now without going to NT gla

Coming in now.

I think this could really fly soon, not many explorers out there that are in this position of becoming a producer imminently, plus with all the material they have to hand as well as this being the only mill plant in the whole area, this is so undervalued now :))

I think you are simply out of your depth here Moonboy but are too dense to admit it.

Just move on for your sake and everyone else's there's a good chap ;))

The plant is ready to go. Spoil heaps of material will already be on site ready to go. Everything is ready to go awaiting approval which they now have. No delay, can start operations 31st July.

It's as simple as that or do you not understand plain English Moonboy?

I think this will move quickly and when many least expect it. Financing must be close now imo, gla

A bit of a binary bet this one, but confirmation at any time of the financing could land and all bets are off ;))

I know a few who are looking to buy in here ahead of production start up which, given is only roughly 2 weeks away, now the latest raise is done and dusted should see a decent recovery in the SP, gla