Last checked at 4 Feb 2022 07:00
4 February 2022
Nostra Terra Oil and Gas Company Plc
("Nostra Terra" or "the Company")
Appointment of Director
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets within several basins in the US, is pleased to announce that Paul Welch has been appointed as an Independent Non-Executive Director with immediate effect.
Paul is an international energy executive with over 30 years of industry experience having worked for Shell Oil Company and several large independents including Hunt Oil Company, Pioneer Natural Resources and as CEO of AIM listed explorer Chariot Limited (previously Chariot Oil and Gas Limited) (AIM: CHAR) (2009-2012) and CEO of Sea Dragon Energy (2013-2015) which in October of 2015 became SDX Energy plc (AIM: SDX) (2015-2019) following the merger with Madison PetroGas. He was subsequently appointed CEO of Cosimo Holdings Ltd in 2019, a private oil and gas company. He is currently Chairman and Executive Director of ACP Energy, a company formed to make acquisitions in the energy sector and recently admitted to the Main Market in London.
Paul graduated from the Colorado School of Mines with both a Bachelor and Master's degrees in Petroleum Engineering. He also holds an MBA in Finance from the Southern Methodist University (SMU) in Dallas, Texas.
Dr Stephen Staley, Nostra Terra's Chairman, said:
"On behalf of everyone at Nostra Terra, I am delighted to welcome Paul onto the Board. He brings a wealth of experience gained over his impressive career in the industry, including in a number of senior leadership roles. I have no doubt that his technical, financial and capital market experience will ensure he will quickly make a meaningful contribution as we continue to deliver value from our assets."
Additional Information:
The information detailed below is disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules. Except for the information disclosed below, there is no other information which is required to be disclosed under these rules.
Paul Michael Welch, age 59, has the following additional current and former directorships:
Current Directorships:
Cosimo Holdings Limited
ACP Energy PLC
Former Directorships in Previous Five Years:
SDX Energy Investments (UK) Limited
Sea Dragon Energy Holdings B.V.
Sea Dragon Energy (NW GEMSA) B.V.
Sea Dragon Energy (Nile) B.V.
Sea Dragon Energy (GOS) B.V.
SDX Morocco (Jersey) Limited
Sea Dragon Cooperative U.A.
SDX Energy Egypt (Jersey) Limited
SDX Energy PLC
SDX Energy Holdings (UK) Limited
SDX Morocco (UK) Limited
Sea Dragon Energy (UK) Limited
SDX Energy Egypt (Nile Delta)
SDX Energy Inc
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information, contact:
Nostra Terra Oil and Gas Company plc Tel: +1 480 993 8933
Matt Lofgran, CEO
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
(Nominated Adviser)
James Biddle/ Roland Cornish
Novum Securities Limited (Broker) Tel: +44 (0) 207 399 9425
Jon Belliss
Lionsgate Communications (Public Relations) Tel: +44 (0) 7791 89250
Jonathan Charles