26th Jul 2016 07:00
26 July 2016
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Sale of Chisholm Trail Prospect - Update
Further to Nostra Terra's (AIM:NTOG) announcement of 30 June 2016 regarding the sale of the Company's 20% stake in the Chisholm Trail Prospect for US$2.1 million (net to NTOG), which is operated by Ward Petroleum Corporation, the Board is pleased to provide an update.
The sale is progressing in line with expectations. A non-refundable deposit in the amount of US$100,000 to Nostra Terra was received per the terms of the agreement. The sale remains on course to close no later than 17 August, 2016.
This announcement contains inside information.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO
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Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) | +44 (0) 20 7409 3494 |
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Rory Murphy / Ritchie Balmer |
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Vicarage Capital Limited (Joint Broker) Rupert Williams / Jeremy Woodgate
Cornhill Capital Ltd (Joint Broker) | +44 (0) 20 3651 2910
+44 (0) 20 7710 9610 |
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Nick Bealer / Colin Rowbury
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Walbrook PR (Financial PR) | +44 (0) 20 7933 8797 |
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Gary Middleton / Nick Rome |
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