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Nostra Terra O&G Co (NTOG)

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Monday 25 June, 2018

Nostra Terra O&G Co

Permian Basin G6 Well

RNS Number : 3233S
Nostra Terra Oil & Gas Company PLC
25 June 2018
 

25 June 2018

 

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

 

Permian Basin G6 Well - Completed and being put into production

 

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 its recently drilled G6 Well, located in the Permian Basin, has been successfully completed and is being put into immediate production.

 

The G6 Well was completed in the Clear Fork formation with a common stimulation procedure for this formation.  We are conducting final operations to place the well on continuous production, which is expected to take place in the coming days. During the completion process oil shows were already present at the surface.

 

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented:

 

"We've already upgraded the tank battery to facilitate the G6 well, and plan to put it into immediate production and pay status, similar to that done on the Twin Well.

 

Our focus for the remainder of 2018 is to continue growing production and reserves in a meaningful way."

 

 

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

 

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

Smaller  Company Capital Limited (Joint Broker)

Rupert Williams / Jeremy Woodgate

Tel:

+44 (0) 20 3651 2910




 


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