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Nostra Terra O&G Co (NTOG)

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Tuesday 17 October, 2017

Nostra Terra O&G Co

Completion of Disposal of Magnolia Shares

RNS Number : 8288T
Nostra Terra Oil & Gas Company PLC
17 October 2017
 

17 October 2017

 

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

 

Completion of Disposal of Magnolia Petroleum Shares

 

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt is pleased to announce that is has sold its remaining holding of 152,000,000 ordinary shares in Magnolia Petroleum plc ("Magnolia").

 

As a result of this disposal, and the earlier disposals undertaken by the Company, Nostra Terra is pleased to report it has been able to realise a total consideration of £167,500 for its holding of Magnolia ordinary shares, which is a 34% premium to the £125,000 the Company originally paid to acquire the shares.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

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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