Nostra Terra Oil & Gas Company PLC Requisition to Convene a General Meeting (0780I)
March 30 2020 - 8:15AM
UK Regulatory
TIDMNTOG
RNS Number : 0780I
Nostra Terra Oil & Gas Company PLC
30 March 2020
30 March 2020
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Requisition to Convene a General Meeting
The Board of Nostra Terra announces that on 27 March 2020 it
received a letter from Eridge Capital Limited, dated 24 March 2020,
requisitioning a general meeting ("GM") of the Company's
shareholders (the "Requisition"). The Requisition proposes that
shareholders be asked to consider a resolution to remove Matt
Lofgran as a director of the Company. The Company will comply with
its obligations under the Companies Act 2006 and, subject to
establishing the validity of the Requisition, will convene a
GM.
Further announcements will be made in a due course.
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
NOEEAADEDEPEEFA
(END) Dow Jones Newswires
March 30, 2020 08:15 ET (12:15 GMT)
Nostra Terra Oil And Gas (LSE:NTOG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nostra Terra Oil And Gas (LSE:NTOG)
Historical Stock Chart
From Apr 2023 to Apr 2024