||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Matra Petroleum Share Discussion Threads
Showing 77076 to 77099 of 77100 messages
|Deals are happening in Texas......THIS IS NOT MATRA!!!
Nostra Terra Oil & Gas Company PLC Completed acquisition of 80% Working Interest
UK Regulatory (RNS & others)
Nostra Terra (LSE:NTOG)
Historical Stock Chart
1 Month : From Nov 2016 to Dec 2016
Click Here for more Nostra Terra Charts.
RNS Number : 3914Q
Nostra Terra Oil & Gas Company PLC
29 November 2016
29 November 2016
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Completed acquisition of 80% Working Interest in Pine Mills oil field
Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to announce the acquisition of an 80% Working Interest in certain oil and gas interests comprising the Pine Mills oil field ("Pine Mills") and associated assets in Wood County, Texas ("the Acquisition"), which completed today. Nostra Terra purchased the assets from GFP Texas Inc. ("GFP Texas"), which has exercised its pre-emption rights following the proposed sale of Pine Mills by its previous owner and operator, Cue Resources LLV ("Cue Resources"). In consideration for the purchase, Nostra Terra has paid US$1,025,000 to complete the acquisition, which has been majority financed from existing cash resources with the balance from a Director loan facility.
Pine Mills is a 2,400-acre producing oil field, currently producing an average of 100 barrels of oil per day (bopd) (gross). Pine Mills is cash flow positive and has no legacy or other spending commitments attached to it. All leases are "Held By Production", giving Nostra Terra full control over the timing of any future capital expenditure decisions. The effective date of the acquisition is 1 November 2016. Nostra Terra is now the operator of Pine Mills.
-- 100 bopd (gross) average oil production rate over the last 4 months
-- Pine Mills is profitable below US$30 per barrel
-- Cue Resources has internally assessed proved reserves of 373,000 bbl as of 1 September 2016 (consistent with PRMS definitions)
o Total historic production of approximately 12.3 MMbbls of oil from inception to present|
|Budget Yes they can|
|Super, they couldn't just do it and then let everyone know - it doesn't work like that.
As I've said previously I do believe the framework for the listing & future funding (and possibly a merger) will already be well advanced and they are now in the process of completing the final steps|
|Patience Ted, please...|
|Still at a loss why they made announcement about listing on 9 November .Surely better to do so once all officially finalized and stamped|
|Dome EGM tomorrow|
|I dont know about the Halifax but Hargreaves Lansdown does|
|Does anyone know if the Halifax BS supports the Swedish Nasdaq and if not who does?|
|If they completed a merger before making a placing they would be able to raise more funds. I think it all depends on whether the Dome shareholders vote for the motion on Thursday evening.|
|Calm has Godots ear - Vlad- thus would seem to be a definite no to Done then|
|i'd be surprised if they merger with Dome before listing..maybe wrong ..lets list raise fresh capital..then go on acquisition trail|
|60%gas 40% oil nearly an even match|
|Having to organise bridge financing doesn't sound promising for them|
|What makes you think link|
|Dome Energy AB (herein after “Dome” and/or “the Company”) announces that Mutual of Omaha Bank (MoO) has offered to extend the closing of the refinancing of Dome’s debts to December 15, 2016. Dome is currently negotiating a bridge financing in connection to the requirements from MoO and expects to close the bridge during December 2016.
The ongoing development program has added more than 100 BOPD, expected to add additional 100-200 BOEPD by year-end.
Paul Morch, CEO: “Dome has signed an agreement to push forward the closing date for its new loan facility with Mutual of Omaha Bank. The original date of November 30th proved to be difficult both for the bank and for Dome. Dome has been in negotiations to close a bridge financing for some time, and hopes to close this by the middle of December. A bridge financing will allow Dome to close the new bank loan agreement and continue its development and drilling program. We will also have more time to conclude an equity raise in 2017.
Our development program, which started earlier in November, has so far restarted 10 wells and is currently providing more than 100 BOPD. We reopened wells in Wyoming, which were shut in when the price of oil fell to under $40 per barrel. We have also made some repairs on our wells in Texas and that has contributed to the increase the production. We are continuing the program in Wyoming and Orange but we will also restart several gas wells in different fields. We should be able to add another 100-200 BOEPD by the end of the year.”|
|Dome Energy site back up.
Remember, MB wanted to list on the Nasdaq in the early days, looks like he might achieve his goal only it's the Swedish Nasdaq!!! They (Dome) look to have a similar strategy.
Can't be long for it to be out in the open.
Happy festivities to all!|
|So if as seems likely Dome link shown to be invalid this week what is time span for announcements .Presume would have to comply with market regulations and do so before years end even if only to say no AGM|
|budget - The Melody loan is mezzanine debt and includes a warrant to obtain 10% of the equity exercisable over three years. The loan due on 1st January 2017 is $5m owed to Green bank.|
|Budget Calm who has hotline to Godot spoke of March rather than January|
|I suggested last week that a deal had been in negotiation for sometime - another reason for believing this is because in June Melody Finance agreed to postpone the loan repayment of $5m until 1st January 2017.
Its too much of a coincidence that we may now be listing in January 2017. Melody agreed to it because they knew what was on the table.
beggar, didn't Melody get an equity option as part of the loan provision as well?|
|The PV10 quoted in the PeTech reserves audit was based on an average WTI oil price of $40.52 over the 12 months leading up to 30 June. It must be at least 20% higher based on the last 12 months now.|
|super, I think it could result in adjustments to the valuation|
|Oxford Think they will have to clarify before xmas and the Dome thing will be cleared up this week .Still not positive about outcome for us but that's just gut feeling .Wonder if plans already finalized or if recent events - Trump / OPEC agreement and subsequent oil price rise could lead to adjustments|
|Any erudite guesses when some positive news might break?|