Nostra Terra Oil & Gas Company Plc

#NTOG is pleased to announce a successful fundraise supported by institutional investors, the Directors, existing shareholders and new investors, raising £500,000. Read the full announcement here: https://lnkd.in/e8-Yg7fC

Profits are expected to increase materially in the near term with the 15-30 bopd production increase from the re-started waterflood at Pine Mills. At current oil prices, that’s another USD $250-$500k of profit. #NTOG Market Cap ca. £1MM.

The 30 bopd increase in production at Pine Mills, generates USD$ 500,000 of profit for NTOG at current prices. #NTOG Market Cap ca. £1MM.

Recent investments in Pine Mills have resulted in a 25% reduction in operating costs, which in turn has resulted in a 50% increase in profit per barrel or netbacks (RNS 11 Nov). #NTOG

With netbacks at Pine Mills and Fouke of more than $44 and $63 respectively (RNS 11 Nov), #NTOG is pleased to have become profitable for the first time since the turnaround began in May. 

Recent investments in Pine Mills have resulted in a 25% reduction in operating costs, which in turn has resulted in a 50% increase in profit per barrel or netbacks (RNS 11 Nov). #NTOG

#NTOG provides a production and operations update. The full release can be found here: https://lnkd.in/evse2eNx   Paul Welch, CEO: “We are delivering on our plans to reduce costs, increase production & grow our cash flow by focusing our efforts on our Pine Mills asset. It’s been >5yrs since an extensive work-over program was conducted in the field & the results on the first 5 wells have exceeded our expectations.   The changes we’ve implemented have delivered significant savings and allowed us to improve our margins by more than 50%, with a corresponding improvement in the netbacks. This results in NTOG being cash flow positive at the operating level and now at the corporate level.”

Nostra Terra Oil & Gas is pleased to feature as a Small Cap Idea in This Is Money. The full article can be found here: https://lnkd.in/eB7GVWTg

#NTOG CEO Paul Welch spoke with Proactive to discuss the Company's recent fundraise, how this will boost production by 50 bopd at Pine Mills, and deliver value to shareholders. Watch the interview here: https://lnkd.in/gtgy-a9F

NTOG is pleased to announce a successful fundraise of £450,000, which was supported by institutional investors, Directors and Management, existing shareholders and new investors.    Paul Welch, Nostra Terra’s Chief Executive Officer, said: “Today’s fundraise is an important step in the rebuilding of NTOG as it enables us to put the proceeds to work into identified workover opportunities that should significantly increase production at Pine Mills. I would like to thank those shareholders and new institutional investors who supported the fundraise, and I look forward to updating everyone on our operational progress over the coming months.”   The full release can be found here: https://lnkd.in/e2vnR2Zq