Update re Requisition to Convene a General Meeting

RNS Number : 3856J

Nostra Terra Oil & Gas Company PLC

09 April 2020

 

9 April 2020

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Update regarding Requisition to Convene a General Meeting

Further to the Company's announcement of 8 April 2020, the Board of Nostra Terra announces that, yesterday, it was informed, via email, by Eridge Capital Limited ("Eridge") that the further requisition notice it was in the process of serving to convene a general meeting to appoint Robert Bensh as a director of the Company will now not be served.

As also announced on 8 April 2020, the Company will no later than 16 April 2020, be posting a circular to shareholder convening a general meeting pursuant to the earlier requisition notice, dated 24 March 2020, received from Eridge.

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]
Novum Securities Limited (Joint Broker)	Tel:	[phone]
Jon Belliss
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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