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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