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Nostra Terra online presentation: Lofgran lays down plans for ongoing profitability following breakthrough 12 months (NTOG)

Last night saw Matt Lofgran, chief executive of Nostra Terra Oil & Gas (LSE:NTOG), update shareholders and investors on the company’s progress in an exclusive online presentation and Q&A session, hosted by

The event, recorded and viewable below, follows Nostra’s operational update earlier this week.

On Tuesday, Nostra reported that total revenues across its US assets from January to April this year hit more than $750,000, with the firm taking in a record $235,000 in April alone.

Total gross production across the company’s assets in April came in at 5,743bbls oil, split between 3,890bbls oil at Pine Mills and 1,853bbls in the Permian Basin.

The strong results follow a busy year for Nostra, which has seen it boost production, become cash flow positive and trebled its share price at the peak, thanks to its unique held-by-production strategy and acquisition programme in the US.

In the presentation and Q&A session Lofgran discusses Nostra’s activities in Pine Mills, the Permian Basin, and Egypt, as well as telling listeners about its non-dilutive funding arrangements, future strategy and vision.

Authors: Daniel Flynn and Stuart Langelaan

Disclosure: Stuart Langelaan owns shares in the company mentioned above. Daniel Flynn does not own shares in the company mentioned above.

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