2nd Sep 2020 19:36
Nostra Terra Oil & Gas Co PLC - oil & gas firm with assets in US and Egypt - Acquires Caballos Creek oil field in Atacosa County, Texas for USD425,000. Acquisition includes five producing wells, two injectors and one shut-in producer located on 745 acres. Proved reserves as at June 30 was at 92,100 barrels of oil equivalent, with remaining economic life of 16 - 32 years per well.
Acquisition reflects 25% increase in total company daily production from the end of 2019.
Current stock price: 0.25 pence
Year-to-date change: down 76%
By Dayo Laniyan; [email protected]
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