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Nostra Terra Oil and Gas completes oversubscribed fundraise
08 Jan 2021
AIM-listed
Nostra Terra, the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, has announced completion of an
oversubscribed fundraise of £500,000 with institutional and professional investors.
Nostra Terra stated strategy includes; growing production from existing assets in the Permian Basin and Pine Mills, increase cashflow from production growth, and acquisitions when suitable. Over recent months the Company has delivered on that with the farmout of an undrilled portion of Pine Mills, the acquisition of the Caballos Creek asset in South Texas, and the farmin to the additional asset in the Permian Basin.
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 completion of an oversubscribed fundraise of £500,000 with institutional and professional investors. Nostra Terra stated strategy includes; growing production from existing assets in the Permian Basin and Pine Mills, increase cashflow from production growth, and acquisitions when suitable. Over recent months the Company has delivered on that with the farmout of an undrilled portion of Pine Mills, the acquisition of the Caballos Creek asset in South Texas, and the farmin to the additional asset in the Permian Basin.