Nostra Terra Oil & Gas Company PLC Update re Requisition to Convene a General Meeting (1373J)
April 08 2020 - 2:00AM
UK Regulatory
TIDMNTOG
RNS Number : 1373J
Nostra Terra Oil & Gas Company PLC
08 April 2020
8 April 2020
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Update regarding Requisition to Convene a General Meeting
Further to the Company's announcement of 30 March 2020, the
Board of Nostra Terra announces that the requisition from Eridge
Capital Limited ("Eridge"), dated 24 March 2020, to convene a
general meeting ("GM") of the Company's shareholders, is deemed to
be valid. Accordingly, the Company will, no later than 16 April
2020, be posting a circular convening the GM to shareholders.
In addition, Eridge has informed the Company that a further
requisition notice is in the process of being delivered to the
Company that proposes a GM be convened in order for shareholders to
consider and vote on a further resolution to appoint Robert Bensh
as a director of the Company. Once the Company formally receives
the further requisition notice it will make an announcement.
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
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