Sale of Chisholm Trail Prospect Update

RNS Number : 1858F

Nostra Terra Oil & Gas Company PLC

26 July 2016

 

26 July 2016

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Sale of Chisholm Trail Prospect - Update

Further to Nostra Terra's (AIM:NTOG) announcement of 30 June 2016 regarding the sale of the Company's 20% stake in the Chisholm Trail Prospect for US$2.1 million (net to NTOG), which is operated by Ward Petroleum Corporation, the Board is pleased to provide an update. 

The sale is progressing in line with expectations. A non-refundable deposit in the amount of US$100,000 to Nostra Terra was received per the terms of the agreement. The sale remains on course to close no later than 17 August, 2016.

This announcement contains inside information.

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
Vicarage Capital Limited (Joint Broker) Rupert Williams / Jeremy Woodgate Cornhill Capital Ltd (Joint Broker)			[phone] [phone]
Nick Bealer / Colin Rowbury
Walbrook PR (Financial PR)			[phone]
Gary Middleton / Nick Rome

 

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