RNS Number : 1782A
Nostra Terra Oil & Gas Company PLC
17 January 2020
17 January 2020
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Requisition to Convene a General Meeting
The Board of Nostra Terra announces that yesterday it received a le er from Eridge Capital Limited, dated 15 January 2020, requisi oning a general mee ng ("GM") of the Company's shareholders (the "Requisi on"). The Requisi on proposes that shareholders be asked to consider resolu ons to remove Ma Lofgran from the Board; to appoint Andrew Morrison to the Board; and to remove any Directors that may be appointed in the period between the date of the Requisi on and the proposed GM. The Company will comply with its obliga ons under the Companies Act 2006 and, subject to establishing the validity of the Requisition, will convene a GM.
Further announcements will be made in a due course.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
For further information, contact: | ||
Nostra Terra Oil and Gas Company plc | Tel: | +1 480 993 8933 |
Matt Lofgran, CEO | ||
Strand Hanson Limited | Tel: | +44 (0) 20 7409 3494 |
(Nominated & Financial Adviser and Joint Broker) | ||
Rory Murphy / Ritchie Balmer / Jack Botros | ||
Shard Capital Stockbrokers (Joint Broker) | Tel: | +44 (0) 207 186 9952 |
Damon Heath / Erik Woolgar | ||
Lionsgate Communications (Public Relations) | Tel: | +44 (0) 203 697 1209 |
Jonathan Charles |
About Nostra Terra
Nostra Terra is seeking to increase oil produc on and reserves through both organic growth and strategic acquisi ons, utilising the latest drilling and completion techniques.
Nostra Terra's core asset is a 100% working interest in the Mesquite asset located in the prolific Permian Basin, West Texas. The Mesquite asset covers 1,984 net acres with estimated proven recoverable reserves of 2.4mmbbls.
In addi on, Nostra Terra has a 100% working interest in the well-established East Texas region, and interests in three addi onal Permian Basin proper es in close proximity to Mesquite and is currently producing from two wells. The first well reached pay-out in less than one year.
The Permian Basin, which covers 75,000 square miles over West Texas and southeast New Mexico, is the most prolific oil producing basin in the country.
For further information, please visit our website: www.ntog.co.uk.
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Nostra Terra Oil & Gas Company plc published this content on 17 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2020 11:28:16 UTC