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Recorded shareholder webcast with Nostra Terra CEO Matt Lofgran on accelerating the company’s growth in H2 (NTOG)

In this recorded live webcast on 13th August 2019 ValueTheMarkets.com caught up with Nostra Terra Oil & Gas (LSE:NTOG) CEO Matt Lofgran. Participants in the call were able to put questions directly to Matt. 

In the call Matt provided an update on the latest at the company’s Mesquite project in the Permian Basin, Texas. According to him Nostra is closing in on the final lease paperwork for the standalone lease at Mesquite, on which the company plans to drill its first horizontal well in 2019. Matt describes how once the lease is secured the company will immediately start the permitting process and securing what it needs to commence drilling operations as quickly as it can. Nostra’s team has completed the well design and is ready to go.

The discussion then moved on to cover:

  • The great potential at Mesquite, the importance of Nostra Terra’s first mover advantage here and how the area is attracting interest from the likes of Chevron and Exxon who have started to shoot seismic in the area
  • The significance of Nostra Terra’s Senior Lending Facility and how the company can use that to fund growth through potentially acquiring other producing oil assets
  • How the Nostra Terra Plc is insulated from any other further downside at Egypt, thanks to the offshore company which holds 
  • Why Matt recently bought stock in the market

A copy of the presentation images Matt discussed can be found HERE.

Valuethemarkets.com and Dynamic Investor Relations Ltd are not responsible for the content or accuracy of this article.  News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

  • Ben Turney currently holds a position or positions in the stock(s) and/or financial instrument(s) mentioned in the piece.
  • Ben Turney has been paid to produce this piece by the company or companies mentioned above.
  • Dynamic Investor Relations Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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