Nostra Terra CEO Matt Lofgran on his plans to take the business to a ‘new league altogether’ (NTOG)

At this time last year, Nostra Terra Oil & Gas (LSE:NTOG) rallied strongly with its share price more than trebling in just a few short months. The wider market was similar to the current environment, but oil prices are now considerably higher and the sector more buoyant. Matt Lofgran, Nostra Terra’s chief executive believes better…

Echo Energy completes inflow tests on EMS-1001 well and signs new deal in Bolivia (ECHO)

Echo Energy (LSE:ECHO) released news on three developments this morning. Firstly, the Latin  America focused company reported the signing of a Technical Evaluation Agreement (TEA) with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) for the Rio Salado Block, onshore Bolivia. The work programme will include the interpretation of three 2D seismic lines, acquired in 2015 / 2016…

Prospex Oil & Gas soars after issuing loan notes to fund gas progress in Italy (PXOG)

Prospex Oil & Gas (LSE:PXOG) soared by 31pc this morning to 0.3p after raising £480,000 through the issue of unsecured loan notes. Alongside additional non-equity funding, the business said it believes the loan notes will cover the full development of the Selva gas discovery on its 17pc-owned Podere Gallina permit in Italy. The firm expects to…

Strategic Minerals kicks off exploration drilling programme in Australia (SML)

Strategic Minerals (LSE:SML) sat at 1.3p today after announcing that exploration drilling has begun at its Leigh Creek Copper Mine in Australia. The battery materials-focused business hopes the work will bring it closer to its longer-term goal of restarting operations at Leigh Creek, which has an existing JORC resource of 24,900ts copper. The 10-hole drilling…

Touchstone Explorations passes 2,000bopd production target (TXP)

Touchstone Exploration (LSE:TXP) dipped 2.8pc to 19.3p this morning despite announcing that it has now passed its 2,000bopd near-term production target. In an operational update, the business said it delivered average field estimated crude oil production of 2,015bopd over the first nine days of October. Touchstone has been working towards 2,000bopd production since it listed in…