17 Oct 2017 11:34
17 October 2017
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Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
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Completion of Disposal of Magnolia Petroleum Shares
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Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt is pleased to announce that is has sold its remaining holding of 152,000,000 ordinary shares in Magnolia Petroleum plc ("Magnolia").
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As a result of this disposal, and the earlier disposals undertaken by the Company, Nostra Terra is pleased to report it has been able to realise a total consideration of £167,500 for its holding of Magnolia ordinary shares, which is a 34% premium to the £125,000 the Company originally paid to acquire the shares.
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This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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For further information, visit www.ntog.co.uk or contact:
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Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO Â | +1Â 480Â 993Â 8933 | ||||
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) | +44Â (0)Â 20Â 7409Â 3494 | ||||
Rory Murphy / Ritchie Balmer / Jack Botros | |||||
Smaller Company Capital Limited (Joint Broker) | +44 (0) 20 3651 2910 | ||||
Rupert Williams / Jeremy Woodgate | |||||
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