29th Aug 2018 11:51
LONDON (Alliance News) - Nostra Terra Oil & Gas Co PLC said Wednesday it is set for record interim revenue as its US assets continue to increase production.
Nostra Terra is guiding for revenue for the first six months of 2018 to be USD1.2 million, 55% higher year-on-year, and the company expects this to continue growing in the second half due to higher output and oil prices.
Nostra Terra hopes to publish the results on September 28. Shares were 1.3% lower Wednesday at 3.70 pence each.
The company has leases in Mitchell County, Texas, on the Permian Basin as well as the Pine Mills oilfield in Wood County, Texas. It also has producing assets in Colorado, Oklahoma, and Wyoming.
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