Last checked at 17 Oct 2017 11:34
17 October 2017
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Completion of Disposal of Magnolia Petroleum Shares
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").
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.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO
| +1 480 993 8933 | ||||
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) | +44 (0) 20 7409 3494 | ||||
Rory Murphy / Ritchie Balmer / Jack Botros | |||||
Smaller Company Capital Limited (Joint Broker) | +44 (0) 20 3651 2910 | ||||
Rupert Williams / Jeremy Woodgate | |||||