Magnolia Petroleum Share Acquisition & Disposals

RNS Number : 5787V

Nostra Terra Oil & Gas Company PLC

03 November 2017

 

3 November 2017

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Magnolia Petroleum Share Acquisition & Disposals

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, provides the following information on the acquisition and disposals of its shareholding in the ordinary shares of Magnolia Petroleum plc ("Magnolia") ("Magnolia Shares") following an investor query.

Transaction Date	Transaction Type	Magnolia Shares acquired / disposed	Resulting holding of Magnolia Shares
26 May 2017	Acquisition	204,226,748	204,226,748
29 August 2017	Disposal	26,354,002	177,872,747
7 September 2017	Disposal	25,872,747	152,000,000
17 October 2017	Disposal	152,000,000	nil

As announced on 17 October 2017, Nostra Terra realised a total consideration of £167,500 for its holding of Magnolia Shares, which was a 34% premium to the £125,000 the Company originally paid to acquire the shares.

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

Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO		[phone]
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker)			[phone]
Rory Murphy / Ritchie Balmer / Jack Botros
Smaller  Company Capital Limited (Joint Broker)			[phone]
Rupert Williams / Jeremy Woodgate

 

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