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NTOG Nostra Terra Oil And Gas Company Plc

0.09
-0.0025 (-2.70%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nostra Terra Oil And Gas Company Plc LSE:NTOG London Ordinary Share GB00BZ76F335 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0025 -2.70% 0.09 0.085 0.095 0.0925 0.09 0.09 3,071,212 11:08:47
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 4.02M -546k -0.0007 -1.29 671.87k
Nostra Terra Oil And Gas Company Plc is listed in the Investors sector of the London Stock Exchange with ticker NTOG. The last closing price for Nostra Terra Oil And Gas was 0.09p. Over the last year, Nostra Terra Oil And Gas shares have traded in a share price range of 0.09p to 0.23p.

Nostra Terra Oil And Gas currently has 746,520,534 shares in issue. The market capitalisation of Nostra Terra Oil And Gas is £671,868 . Nostra Terra Oil And Gas has a price to earnings ratio (PE ratio) of -1.29.

Nostra Terra Oil And Gas Share Discussion Threads

Showing 22101 to 22115 of 29325 messages
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DateSubjectAuthorDiscuss
22/2/2016
15:33
Nov 2015 average production of 122 bopd gross (92 bopd net).
chinese investor
22/2/2016
15:31
$17 lifting cost, 20% of reserves in production so much more to come, and the oil reserves from this asset alone are more than double those of Magnolia total.
notable
22/2/2016
09:06
Yes Neily, on the face of it a good deal and the market has reacted well, so far....

On an up day for oil prices, and if they do eventually return to anything half decent for producers - say north of $45 a barrel, then more of the same should see NTOG become a decent little cash making machine at last.

Hold for sure and accumulate if you are convinced the oil price turnaround is coming.

Topicel

topicel
22/2/2016
08:36
very good RNS
neilyb675
22/2/2016
08:18
Would you believe it ,shareprice is actually getting investors on this RNS .There really are some clever buyers out there that snap up bargains at this price.This could make many very rich indeed.
iloveit
22/2/2016
08:05
Quite a high price to pay.
chinese investor
22/2/2016
07:43
Nostra Terra has agreed to pay US$3.0 million to acquire a 60% WI in producing assets located in the Permian Basin. US$2.7 million is due by 31 March 2016 ("Closing") and an additional US$0.3 million is due one year after the anniversary of Closing, payable in cash or shares in Nostra Terra at the discretion of Nostra Terra. Nostra Terra anticipates financing the acquisition with a debt facility covering all the acquisition cost. The net cash flow in the current oil price environment will service the debt while excess cash may be reinvested.

The assets generated turnover of approximately $1.80 million for the year ended 31 July 2015, with a profit before tax of approximately $0.25 million, (which included $1.02 million non-recurring expenses). Nostra Terra's working interest of 60% would give a pro forma turnover of approximately $1.08 million revenue and profit before tax of approximately $0.15 million at current oil prices.

chinese investor
22/2/2016
07:40
Monday 22 February, 2016


Nostra Terra O&G Co

Acquisition in Permian Basin


RNS Number : 6686P

Nostra Terra Oil & Gas Company PLC

22 February 2016




NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.



AIM:NTOG 22 February 2016



Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")



Permian Basin Acquisition



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 producing assets in the Permian Basin of New Mexico from Alamo Resources II, LLC.



Highlights



· Significant increase in production and reserves

o Total proved (1P) reserves 2,655 Mbbl of oil and 553 MMcf gas as at 1 October 2015, 1,648 Mboe attributable to NTOG

· Permian Basin with stacked pay

· Shallow (~2,000') conventional oil

· Lifting cost approximately $17 per barrel

· Significant amount of upside available from proven (1P) reserves not currently producing (currently less than 20% producing)

· 100% Operated, 100% Held By Production

o 2,880 gross (2,732 net) acres

o NTOG will be the operator

o Operator fully controls development pace and costs

· Steady, predictable PDP production base

o 55 active vertical producing wells and 12 active injector wells

o Nov 2015 average production of 122 bopd gross (92 bopd net)

o Shallow declines

· Total Net Proven (1P) Reserves of 2.7 million boe (99% oil), 1.65 million attributable to NTOG

o Multiple low cost, low risk optimization opportunities

o 6 behind-pipe recompletions/re-stimulations/workovers/return-to-production cases

o 3 water flood projects in various stages of development surrounded by successful analogs

o 54 PUD vertical locations with EURs ranging from 31 to 43 Mbo/well



Acquisition



Nostra Terra has agreed to pay US$3.0 million to acquire a 60% WI in producing assets located in the Permian Basin. US$2.7 million is due by 31 March 2016 ("Closing") and an additional US$0.3 million is due one year after the anniversary of Closing, payable in cash or shares in Nostra Terra at the discretion of Nostra Terra. Nostra Terra anticipates financing the acquisition with a debt facility covering all the acquisition cost. The net cash flow in the current oil price environment will service the debt while excess cash may be reinvested.



The assets generated turnover of approximately $1.80 million for the year ended 31 July 2015, with a profit before tax of approximately $0.25 million, (which included $1.02 million non-recurring expenses). Nostra Terra's working interest of 60% would give a pro forma turnover of approximately $1.08 million revenue and profit before tax of approximately $0.15 million at current oil prices.



Reserves



Total net proven reserves (1P) of 2,747 Mboe (2,655 Mbbl of oil and 553 MMcf gas) as at 1 October 2015, 1,648 Mboe attributable to NTOG

· Net proven and developed producing reserves ('PDP') estimated at 424 Mbbl of oil and 347 MMcf gas as at 1 October 2015.

· Net proven developed non-producing reserves ('PDNP') estimated at 447 Mbbl of oil and 140 MMcf gas as at 1 October 2015.

· Net proven undeveloped reserves ('PUDS') estimated at 1,784 Mbbl of oil and 66 MMcf gas as at 1 October 2015.



Permian Basin



The Permian Basin is one of the premier oil and gas producing regions of the United States. Straddling New Mexico and Texas, the Permian Basin is approximately 240 miles wide and 300 miles long. In June 2014 the Permian Basin was estimated to be the world's second largest oil field in terms of total recoverable resource, with at least 75 billion barrels of oil equivalent present.



In January 2016, the US Energy Information Administration (EIA) estimated that the Permian Basin's crude oil production amounted to just over 2m barrels a day in December 2015, a 0.7% gain on November, but a 12% rise over December 2014. Of the seven most prolific oil and gas producing regions of the United States the Permian Basin is the only one which has continued to increase production on a quarter by quarter basis since the start of 2015.



The EIA calculates that the average Permian Basin rig added production of 412 bpd in December 2015, an 80% rise since December 2014. Although the active rig count has fallen from 548 in December 2014 to 212 in December 2015, oil production has grown sharply in the same period from around 1.75m bpd to around 2m bpd.

Reflecting industry interest in the Permian Basin, Chevron put a number of large scale US oil and gas projects on hold in January, choosing instead to focus its efforts on development of its Permian licenses. When explaining the rationale for its change in strategy, Chevron said the Permian Basin has proven to be the most cost efficient basin within the United States.



Matt Lofgran, Chief Executive Officer of Nostra Terra, commented:



"We're excited about the acquisition of these assets in the Permian Basin, one of the most prolific basins in the world. The leases will add significantly to our production, revenues, and reserves. While we will add over 1.6 million barrels of proven reserves, less than 20% of that is currently producing, providing scope for significant improvement. The leases are 100% operated and 100% HBP (not at risk of expiring), meaning Nostra Terra will be the in full control of the development pace.



The industry is facing a difficult time with low oil prices which most in the industry believe to be temporary. This creates an opportunity-rich environment where assets such as these can be acquired at much better prices than previously. By having the stable production base we're able to use debt to acquire producing assets where net cash flow can service the debt while still providing free cash flow to the Company. We are actively pursuing additional opportunities to continue our growth, some of which are in advanced negotiations."

52ron
22/2/2016
07:16
Good aquisition
oilbuy
19/2/2016
04:46
BrokermanDaniel ‏@BrokermanDaniel

Rumour that Nostra Terra & IRG may have managed or trying to get monies owed to them from Chinese operators. Payments direct from ministry

3dimensional
18/2/2016
13:53
When the Chinese pay their bills in Egypt !
chinese investor
18/2/2016
13:50
CI, so when is the big pop coming?.
thehitman1
16/2/2016
09:24
Go Horsey !
chinese investor
15/2/2016
13:43
Here We Go !
chinese investor
10/2/2016
11:39
Oil still not out of trouble !
chinese investor
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