Nostra Terra hits blockage in Oklahoma well
17th Jun 2014 16:10
US oil & gas producer Nostra Terra reported good drilling results from a well in Oklahoma but said another one fell short of hopes, hitting its shares. Nostra said production rates from its CT15 well topped management's expectations. The group owns an 11.62% stake in the well, the third largest in
Read moreWednesday broker round-up UPDATE
7th May 2014 08:35
Balfour Beatty: Jefferies reduces target price from 403p to 233p downgrading to hold. Deutsche Bank cuts target price from 280p to 250p and leaves its hold recommendation unchanged. Numis reduces target price to 260p and retains an add rating. Barclays: Deutsche Bank lowers target price from 320p t
Read moreNostra Terra to receive cash injection from Richfield legal wrangle
4th Oct 2013 08:11
US oil and gas explorer Nostra Terra said a court had ruled that 1.15m dollars would be released to the company following its legal wrangle with Richfield Oil & Gas. Richfield defaulted on a $1.3m secured loan note it had issued to Nostra Terra in 2011 and in February 2012 Nostra Terra launched a l
Read moreNostra Terra well in Oklahoma exceeds expectations
18th Jul 2013 10:39
Nostra Terra's shares rose after saying its fifth horizontal well in the Chisholm Trail Prospect, Oklahoma, has exceeded expectations. The AIM listed oil and gas producer said the well achieved an average of 448 barrels of oil equivalent per day (boepd) in the past 10 days of production. The gro
Read moreNostra Terra Oil & Gas increases stake in High Plains
31st May 2013 08:43
Nostra Terra Oil & Gas, the AIM-listed oil and gas producer, has exercised an opportunity to increase its working interest to 20% in the High Plains Prospect, located in Texas. This has quadrupled the company's original holding and the company said that it is already engaged in the drilling of se
Read moreNostra Terra elects to participate in sixth well
29th May 2013 09:48
Nostra Terra, the AIM-listed oil and gas producer with assets in the USA, has elected to participate in its sixth well in the Chisholm Trail Prospect, an update issued by the group on Wednesday has shown. The firm said that this represented further acceleration of the play and the beginning of Nos
Read moreNostra Terra receives initial 200k dollars from Richfield judgement
24th May 2013 09:46
Nostra Terra, the AIM-listed oil and gas producer with a portfolio of assets in the USA, has received an initial 200,000 dollars following a legal ruling involving Richfield Oil & Gas. On April 14th 2011, Nostra Terra reported that Richfield Oil & Gas (formerly Hewitt Energy Group) had issued a $1.
Read moreNostra Terra expands Chisholm Trail acreage
1st May 2013 14:33
Nostra Terra Oil and Gas Company's shares rose Wednesday after announcing it acquired an extra acreage at the Chisholm Trail prospect in Oklahoma. The group is now exposed to 21 potential drilling locations at the emerging oil play where five have been drilled so far, according to an update from i
Read moreNostra Terra acquires stake in Texas progect
13th Mar 2013 08:12
Oil and gas company Nostra Terra has entered an agreement with Brown and Borelli to acquire a five per cent working interest in the High Plains programme in Texas. The High Plains programme covers a contiguous area of 42,000 which is expected to produce liquids-rich targets. The first step of the
Read moreShares lift as Nostra Terra reports better-than-expected January results
25th Feb 2013 11:11
AIM-listed Nostra Terra Oil and Gas has reported that it surpassed 'break-even' in January 2013. The company, which has projects in the US, said the result was underpinned by greater than expected production from its wells in the Chisholm Trail prospect in Oklamhoma, combined with production from t
Read moreNostra Terra Oil and Gas Company gains on Oklahoma prospect
13th Feb 2013 11:49
Nostra Terra Oil and Gas Company advanced Wednesday as it announced the fourth horizon well in its Chisholm Trail prospect in Oklahoma exceeded management's expectations. Shares rose 9.01% to 0.60p at 11:52 after the company said production had beat forecasts by a "substantial margin". The well h
Read moreNostra Terra issued with 1.3m-dollar loan note
5th Feb 2013 10:37
AIM-listed oil and gas company Nostra Terra has been issued with a 1.3m-dollar loan secured loan note from Richfield. The loan note, which has been accruing interest at 10% per annum from the date of issue and which matured on January 31st 2012, is secured against several producing leases located i
Read moreNostra Terra hails Oklahoma well results
28th Jan 2013 08:59
US-focused Nostra Terra jumped after it said oil production at a well in Oklahoma had beaten expectations by a substantial margin. The company said its third horizontal well in the Chisholm Trail Prospect had averaged 348 barrels of oil equivalent per day (boepd) over the last 10 days. This was 14
Read moreNostra Terra begins production on Oklahoma oil wells
8th Jan 2013 09:42
Nostra Terra kicked off production at two oil wells in the Chisholm Trail Prospect in Oklahoma, the company said Tuesday. The oil and gas producer said it had completed work on the third and fourth horizontal wells which are now producing. The third and fourth wells are cleaning up, while recover
Read moreOil output exceeding expectations at Nostra Terra Oklahoma well
11th Dec 2012 14:14
AIM-listed Nostra Terra Oil and Gas (NTOG) has announced that the second horizontal well in the Chisholm Trail Prospect in Oklahoma has exceeded the results of the first well by a substantial margin and exceeded the board's initial expectations. The most recent 10 days of production averaged in at
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