Magnolia Petroleum Share Acquisition & Disposals

RNS Number : 5787V
Nostra Terra Oil & Gas Company PLC
03 November 2017
 

3 November 2017

 

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

 

Magnolia Petroleum Share Acquisition & Disposals

 

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, provides the following information on the acquisition and disposals of its shareholding in the ordinary shares of Magnolia Petroleum plc ("Magnolia") ("Magnolia Shares") following an investor query.

 

Transaction Date

Transaction Type

Magnolia Shares acquired / disposed

Resulting holding of Magnolia Shares

26 May 2017

Acquisition

204,226,748

204,226,748

29 August 2017

Disposal

26,354,002

177,872,747

7 September 2017

Disposal

25,872,747

152,000,000

17 October 2017

Disposal

152,000,000

nil

 

As announced on 17 October 2017, Nostra Terra realised a total consideration of £167,500 for its holding of Magnolia Shares, which was a 34% premium to the £125,000 the Company originally paid to acquire the shares.

 

 

For further information, visit www.ntog.co.uk or contact:

 

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

 


+1 480 993 8933


Strand Hanson Limited

(Nominated & Financial Adviser and Joint Broker)


+44 (0) 20 7409 3494


Rory Murphy / Ritchie Balmer / Jack Botros








Smaller  Company Capital Limited (Joint Broker)


+44 (0) 20 3651 2910


Rupert Williams / Jeremy Woodgate

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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