Requisition to Convene a General Meeting

RNS Number : 0780I

Nostra Terra Oil & Gas Company PLC

30 March 2020

 

30 March 2020

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Requisition to Convene a General Meeting

The Board of Nostra Terra announces that on 27 March 2020 it received a letter from Eridge Capital Limited, dated 24 March 2020, requisitioning a general meeting ("GM") of the Company's shareholders (the "Requisition"). The Requisition proposes that shareholders be asked to consider a resolution to remove Matt Lofgran as a director of the Company. The Company will comply with its obligations under the Companies Act 2006 and, subject to establishing the validity of the Requisition, will convene a GM.

Further announcements will be made in a due course. 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For further information, 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 is seeking to increase oil production and reserves through both organic growth and strategic acquisitions, utilising the latest drilling and completion techniques.

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.

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.

The Permian Basin , which covers 75,000 square miles over West Texas and southeast New Mexico, is the most prolific oil producing basin in the country.  

For further information, please visit our website: www.ntog.co.uk.

 

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