Initiation of Coverage

RNS Number : 4424Y

Nostra Terra Oil & Gas Company PLC

09 May 2019

 

9 May 2019

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Initiation of Coverage

Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to announce that Shard Capital Partners LLP has completed a comprehensive initiation equity research note on the Company (the "Note").

The Note can be found on Nostra Terra's website (www.ntog.co.uk), or alternatively by contacting Shard Capital (information provided below).

For further information, please contact:

Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO	Tel:	[phone]
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) Rory Murphy / Ritchie Balmer / Jack Botros	Tel:	[phone]
Shard Capital Stockbrokers (Joint Broker) Damon Heath / Erik Woolgar Lionsgate Communications (Public Relations) Jonathan Charles	Tel: Tel:	[phone] [phone]

About Nostra Terra

Nostra Terra's core asset is a 100% working interest in the Mesquite asset located in the prolific Permian Basin in West Texas. The Mesquite asset covers 1,984 net acres with estimated proven recoverable reserves of 2.4mmbbls.

Nostra Terra also has interests in three additional Permian Basin properties in close proximity to Mesquite and currently producing from two wells. The first well reach pay-out in less than one year.

Furthermore, Nostra Terra has a 100% working interest in the well-established East Texas region (Pine Mills oil field with current production of approximately 130bopd), USA and a 50% working interest in the East Ghazalat Concession, Egypt. For further information, please visit our website: www.ntog.co.uk.

 

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