Nostra Terra Oil & Gas Company PLC New Corporate Presentation (0391T)
12 Noviembre 2019 - 01:00AM
UK Regulatory
TIDMNTOG
RNS Number : 0391T
Nostra Terra Oil & Gas Company PLC
12 November 2019
12 November 2019
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
New Corporate Presentation
Nostra Terra (AIM: NTOG), the oil & gas exploration and
production company with a portfolio of development and production
assets in Texas, USA, announces that the Company's CEO, Matt
Lofgran, will today be presenting at the Oil & Gas Investor
Briefing, hosted by London South East at Brewers' Hall, London EC2V
7HR, at 5.30 p.m.
The presentation, which will be available on the Company's
website, www.ntog.co.uk, provides an overview of Nostra Terra and
its strategy to deliver shareholder value via both organic and
acquisitive growth, with the long-term goal of paying dividends to
shareholders.
In addition, the presentation provides an overview of the
economics of the Company's assets, as at 1 January 2019, performed
by a third party engineer on behalf of Washington Federal Bank,
which includes the following numbers for Pine Mills and the
Company's other Permian Basin assets that have not previously been
announced:
Asset TOTAL Pine Mills Other Permian Mesquite
Basin
Working Interest - 100% 50-100% 100%
--------------- ----------------- ----------------- ----------------
Type - Producing Producing Development
--------------- ----------------- ----------------- ----------------
Reserves (net) 2,429,660 431,443 barrels 332,600 barrels 1,665,630
of oil (Proven) of oil (Proven) barrels oi
oil (Probable)
--------------- ----------------- ----------------- ----------------
Future Net US$58,650,000 US$7,204,797 US$7,607,081 US$43,690,000
Income
--------------- ----------------- ----------------- ----------------
NPV9 US$23,930,000 US$4,653,849 US$2,744,751 US$16,390,000
--------------- ----------------- ----------------- ----------------
Pricing Assumptions
The price assumptions used in evaluating the Company's reserves
data are as follows:
Year Oil Gas
(US$/Bbl) (US$/MMBtu)
2019 $51.75 $2.73
----------- -------------
2020 $51.75 $2.58
----------- -------------
2021 $50.75 $2.50
----------- -------------
2022 $50.50 $2.51
----------- -------------
2023 $50.50 $2.51
----------- -------------
2024 3% escalation per year
--------------------------
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 Tel: +1 480 993 8933
Strand Hanson Limited
(Nominated & Financial Adviser and Joint
Broker) +44 (0) 20 7409
Rory Murphy / Ritchie Balmer / Jack Botros Tel: 3494
+44 (0) 207 186
Shard Capital Stockbrokers (Joint Broker) 9952
Damon Heath / Erik Woolgar Tel:
Lionsgate Communications (Public Relations) +44 (0) 203 697
Jonathan Charles Tel: 1209
About Nostra Terra
Nostra Terra is seeking to increase oil production and reserves
through both organic growth and strategic acquisitions, utilising
the latest drilling and completion techniques.
Nostra Terra's core asset is a 100% working interest in the
Mesquite asset located in the prolific Permian Basin, West Texas.
The Mesquite asset covers 1,984 net acres with estimated proven
recoverable reserves of 2.4mmbbls.
In addition, Nostra Terra has a 100% working interest in the
well-established East Texas region, and interests in three
additional Permian Basin properties in close proximity to Mesquite
and is currently producing from two wells. The first well reached
pay-out in less than one year.
The Permian Basin, which covers 75,000 square miles over West
Texas and southeast New Mexico, is the most prolific oil producing
basin in the country.
For further information, please visit our website:
www.ntog.co.uk.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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