Nostra Terra Oil & Gas Company PLC Pine Mills -- Operations Update (4000C)
October 19 2020 - 1:00AM
UK Regulatory
TIDMNTOG
RNS Number : 4000C
Nostra Terra Oil & Gas Company PLC
19 October 2020
7.00am 19 October 2020
Nostra Terra Oil and Gas Company Plc
("Nostra Terra" or "the Company")
Pine Mills - Operations Update
Nostra Terra (AIM: NTOG), the oil & gas exploration and
production company with a portfolio of development and production
assets in Texas, USA is pleased to announce, further to the
Company's RNS on 8 October 2020, that Cypress Minerals LLC
("Cypress") has begun construction of the drilling pad ("pad") in
preparation to drill the new well at the Company's Pine Mills oil
field.
Construction of the drilling pad began last week. The rig is on
standby next to the location where, once the pad is constructed, it
will immediately be mobilised to Pine Mills to begin drilling.
Nostra Terra owns a 32.5% working interest ("WI") in the planned
well, which includes a 25% carried WI and the remainder at
cost.
The Company will confirm permitting and the start of drilling
and look forward to providing further updates as drilling
progresses.
Matt Lofgran , Nostra Terra's Chief Executive Officer, said:
"We're pleased to be working with Cypress and to see the
progress they're making, and look forward to spudding the new well
very soon.
In addition to the new well at Pine Mills, work continues in our
second and third areas of operation where we aim to increase
production and reserves this quarter."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
For further information, contact:
Nostra Terra Oil and Gas Company
plc
Matt Lofgran, CEO Email: +1 480 993 8933
Beaumont Cornish Limited
(Nominated Adviser)
James Biddle/ Roland Cornish Tel: +44 (0) 20 7628 3396
Novum Securities Limited (Broker)
Jon Belliss
Tel: +44 (0) 207 399 9425
Lionsgate Communications (Public
Relations)
Jonathan Charles Tel: +44 (0) 7791 892509
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