Nostra Terra

www.ntog.co.uk/home/ TICKER: NTOG     EXCHANGE: L

Nostra Terra Oil and Gas Company plc is an emerging oil and gas exploration and production company with recently acquired assets in established producing regions within the US mid-continent. As the current work programme progresses to bring these properties into production quickly and efficiently, the company will continue to evaluate and acquire additional assets in the US mid-continent and other proven hydrocarbon-bearing regions where operating costs and geological risk are relatively low, and where production can be enhanced using proven new recovery technologies. With its focus now on the US mid-continent, Nostra Terra has transferred its rights and obligations in the Oktyabrskoe field in Ukraine, but retains a right to 25% of any future net profits from the field, with no further cost exposure. This allows the company to focus all its resources on building a solid foundation within the US, on which to grow its oil and gas business steadily and selectively and thereby create significant and sustainable value for its shareholders.

LATEST REPORTS

 
Ukrainian Oil and Gas assets moving to cash generation
Published: May 20 2008

First two reopened Ukranian wells confirm historic records

Initially will develop 7 wells with 29 in the pipeline

Recent placing should fund Well 1, and company looks cash positive now

Fair value for first phase of investment is 1.665p / share vs current 1.2p

ARCHIVE