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12 Nov 2019 07:00
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12 November 2019
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Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
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New Corporate Presentation
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Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, announces that the Company's CEO, Matt Lofgran, will today be presenting at the Oil & Gas Investor Briefing, hosted by London South East at Brewers' Hall, London EC2V 7HR, at 5.30 p.m.
The presentation, which will be available on the Company's website, www.ntog.co.uk, provides an overview of Nostra Terra and its strategy to deliver shareholder value via both organic and acquisitive growth, with the long-term goal of paying dividends to shareholders.
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In addition, the presentation provides an overview of the economics of the Company's assets, as at 1 January 2019, performed by a third party engineer on behalf of Washington Federal Bank, which includes the following numbers for Pine Mills and the Company's other Permian Basin assets that have not previously been announced:
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Asset | TOTAL | Pine Mills | Other Permian Basin | Mesquite |
Working Interest | - | 100% | 50-100% | 100% |
Type | - | Producing | Producing | Development |
Reserves (net) | 2,429,660 | 431,443 barrels of oil (Proven) | 332,600 barrels of oil (Proven) | 1,665,630 barrels oi oil (Probable) |
Future Net Income | US$58,650,000 | US$7,204,797 | US$7,607,081 | US$43,690,000 |
NPV9 | US$23,930,000 | US$4,653,849 | US$2,744,751 | US$16,390,000 |
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Pricing Assumptions
The price assumptions used in evaluating the Company's reserves data are as follows:
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Year | Oil (US$/Bbl) | Gas (US$/MMBtu) |
2019 | $51.75 | $2.73 |
2020 | $51.75 | $2.58 |
2021 | $50.75 | $2.50 |
2022 | $50.50 | $2.51 |
2023 | $50.50 | $2.51 |
2024 | 3% escalation per year | |
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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, contact:
Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO Ā | Tel: | +1Ā 480Ā 993Ā 8933 |
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) Rory Murphy / Ritchie Balmer / Jack Botros Ā | Tel: | +44Ā (0)Ā 20Ā 7409Ā 3494 |
Shard Capital Stockbrokers (Joint Broker) Damon Heath / Erik Woolgar Ā Lionsgate Communications (Public Relations) Jonathan Charles | Tel: Ā Ā Tel: | +44 (0) 207 186 9952 Ā Ā +44 (0) 203 697 1209 Ā |
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About Nostra Terra
Nostra Terra is seeking to increase oil production and reserves through both organic growth and strategic acquisitions, utilising the latest drilling and completion techniques.
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Nostra Terra's core asset is a 100% working interest in the Mesquite asset located in the prolific Permian Basin, West Texas. The Mesquite asset covers 1,984 net acres with estimated proven recoverable reserves of 2.4mmbbls.
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In addition, Nostra Terra has a 100% working interest in the well-established East Texas region, and interests in three additional Permian Basin properties in close proximity to Mesquite and is currently producing from two wells. The first well reached pay-out in less than one year.
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The Permian Basin, which covers 75,000 square miles overĀ West Texas and southeast New Mexico, is the most prolific oil producingĀ basin in the country.Ā
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For further information, please visit our website: www.ntog.co.uk.
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