RNS Number : 9149A
Nostra Terra Oil & Gas Company PLC
24 January 2020
 

24 January 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 17 January 2020, the Board of Nostra Terra announces that the requisition from Eridge Capital Limited, dated 15 January 2020, to convene a general meeting ("GM") of the Company's shareholders, is deemed to be valid.

 

Accordingly, the Company will, no later than 5 February 2020, be posting a circular convening the GM to shareholders.

 

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:

+1 480 993 8933

Strand Hanson Limited

(Nominated & Financial Adviser and Joint Broker)

Rory Murphy / Ritchie Balmer / Jack Botros

 

Tel:

+44 (0) 20 7409 3494

Shard Capital Stockbrokers (Joint Broker)

Damon Heath / Erik Woolgar

 

Lionsgate Communications (Public Relations)

Jonathan Charles

Tel:

 

 

Tel:

+44 (0) 207 186 9952

 

 

+44 (0) 203 697 1209

 




 

 

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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCEAKFLAFNEEFA