Nostra Terra gives Hewitt more time to pay

6th Jan 2012 11:01

Nostra Terra Oil and Gas has given a loan extension to debtor Hewitt Petroleum.Nostra has granted the company a further 30 days to repay the final tranche of a $1.3m loan, the terms of which were originally announced in April.Settlement is now expected by the end of this month, giving Nostra investors some confidence on forward cash flows.Nostra Terra shares have risen 6% over the last 30 days. Over the last year the stock has gained 23%.BS

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