SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNostra Terra Regulatory News (NTOG)

  • There is currently no data for NTOG

Operations Update Nesbitt

25 Aug 2011 07:00

RNS Number : 9993M
Nostra Terra Oil & Gas Company PLC
25 August 2011
 

25 August 2011

 

Nostra Terra Oil and Gas Company plc

 

("Nostra Terra" or the "Company")

 

 

Operations Update - Nesbitt, Initial well producing

 

 

Nostra Terra is pleased to announce that the initial horizontal well in the Nesbitt Prospect Unit, located in the Woodlawn Field in Texas, has been completed. The production facilities have been built and the well has been put into production by New Century Exploration Inc.

Nostra Terra has a 3% working interest in the Nesbitt Prospect Unit, located in the Woodlawn Field in Texas, which is also operated by New Century Exploration, Inc.

The Company will provide an update on 30-day production figures in the future.

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented: 

"This marks the second well we've put into production this month. We have additional projects funded and in various stages of development, and anticipate bringing on additional wells this year where we own a larger interest."

 

For further information, visit www.ntog.co.uk or contact:

 

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO Telephone: +1 480 993 8933 (US)

mlofgran@ntog.co.uk

 

Shore Capital and Corporate Limited

Andrew Raca / Toby Gibbs Telephone: +44 (0) 20 7408 4090

 

Alexander David Securities Ltd

David Scott / Bill Sharp Telephone: +44 (0)20 7448 9820

 

Lothbury Financial Services Limited

Gary Middleton / Michael Padley Telephone: +44 (0)20 7868 2010

 

Notes to Editors:

 

Nostra Terra Oil and Gas Company is fully funded for all its projects in the US where it is extracting new oil from old fields using new technology and drilling techniques.

 

Most of the production to date from Woodlawn has been from the Lower Pettet "Crane" Zone. Previous vertical drilling on the Nesbitt acreage has indicated that the Middle Pettit is also oil-bearing and much thicker, but less porous and permeable, than the Lower Pettet - making it an ideal candidate for horizontal drilling.

Nostra Terra's participation in the first well allows the opportunity to participate in the additional wells on the lease and a further two development wells are planned to fully exploit the Middle Pettit within the Nesbitt unit. 

Nostra Terra's initial foray into the US was successful and has paved the way for much larger deals as shown by the last two acquisitions in Colorado and Oklahoma announced in the last two months.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLFFIFTIISFIL
Date   Source Headline
29th Sep 20172:30 pmRNSInterim Results
26th Sep 201711:00 amRNSHedging facility with BP Energy Company
6th Sep 20174:45 pmRNSCompletion of Settlement of Magnolia Shares
6th Sep 20177:00 amRNSFull ownership of Pine Mills & Increased Reserves
4th Sep 20177:00 amRNSUpdate on Settlement of Magnolia Shares
22nd Aug 20177:00 amRNSPine Mills Auction and Magnolia Update
31st Jul 20179:20 amRNSUpdate on Settlement of Magnolia Shares
28th Jul 201712:03 pmRNSApproval of 2016 Annual Report & Accounts
21st Jul 20171:35 pmRNSAward of Share Options
19th Jul 20174:30 pmRNSDirector dealing and TVR
14th Jul 20177:30 amRNSWithdrawal of Magnolia Petroleum plc Requisition
6th Jul 20179:33 amRNSUpdate on Acquisition of Interest in Magnolia
30th Jun 20175:36 pmRNSResult of AGM
30th Jun 20177:00 amRNSFinal results for the year ended 31 December 2016
21st Jun 201712:35 pmRNSInitial response to MAGP's announcement re EGM
15th Jun 20177:04 amRNSAgreement to acquire further 25% of East Ghazalat
9th Jun 20173:33 pmRNSMagnolia Petroleum plc General Meeting Requisition
6th Jun 20177:00 amRNSNotice of AGM
31st May 20177:00 amRNSPine Mills Update & Investor Conference Call
26th May 20171:15 pmRNSAcquisition of interest in Magnolia Petroleum plc
24th May 20173:10 pmRNSPine Mills Court Order in Favour of Nostra Terra
20th Apr 20179:50 amRNSCompletion of Live Market Bookbuild
19th Apr 20175:15 pmRNSIssue of Equity & Live Market Bookbuild
5th Apr 20177:00 amRNSTexas Assets Reserves Report
27th Feb 20175:30 pmRNSChange of Broker
23rd Feb 20177:00 amRNSSecond Permian Basin acquisition, Receipt of funds
20th Feb 20178:15 amRNSResponse to Comment on Social Media
7th Feb 20177:00 amRNSBoard Changes and Award of Warrants
26th Jan 20177:00 amRNSAdditional interest and Judgement in Pine Mills
23rd Jan 20179:15 amRNSPine Mills Operations Update
28th Dec 20167:00 amRNSPine Mills Reserves Report & Strategy Update
12th Dec 20167:00 amRNSOperational & Financing Update for Pine Mills
8th Dec 20167:00 amRNS$600,000 Additional Cash Received
29th Nov 20167:00 amRNSCompleted acquisition of 80% Working Interest
17th Nov 20163:45 pmRNSIRG's announcement re East Ghazalat
3rd Nov 20169:30 amRNSCompletion of Permian Basin Acquisition
1st Nov 20166:00 pmRNSHolding(s) in Company
14th Oct 201611:22 amRNSDirector Dealing
11th Oct 20169:55 amRNSDirector Dealing
30th Sep 20167:00 amRNSInterim Results
28th Sep 20167:00 amRNSSettlement of Loan Note
18th Aug 20167:28 amRNSCompletion of $2.1m sale of Chisholm Trail
18th Aug 20167:00 amRNSCompletion of £2.1m sale of Chisholm Trail
15th Aug 201612:30 pmRNSClarification on IRG's Release re East Ghazalat
28th Jul 201612:33 pmRNSApproval of 2015 Annual Report & Accounts
26th Jul 20167:00 amRNSSale of Chisholm Trail Prospect Update
14th Jul 20167:00 amRNSIssue of Equity
8th Jul 201610:57 amRNSSale of Chisholm Trail Prospect Update
30th Jun 20161:45 pmRNSFinal Results
30th Jun 20161:41 pmRNSResult of AGM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.