Nostra Terra Oil & Gas Company PLC Appointment of Non-Executive Director

RNS Number : 0311U

Nostra Terra Oil & Gas Company PLC

27 June 2024

 

27 June 2024

 

Nostra Terra Oil and Gas Company Plc

("Nostra Terra" or "the Company")

 

Appointment of Non-Executive Director

 

Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production in the US, is pleased to announce that further to its announcement of 13 June 2024 it has now appointed James Newman, an existing 11.3% shareholder in the Company through the subscription by his wholly owned company, Dos Hermanos International, in the January 2024 fundraise as a Non-Executive Director.

 

Mr. Newman is an international energy executive with over 35 years of industry experience in multiple facets of the oil & gas industry, including well abandonment, well intervention, water management, regulatory compliance, vertical and horizontal drilling and completions, and financial management. He started his career at Triple N Services (22 years), an oilfield services company, specializing in well interventions, operations, and rejuvenation of mature assets, which he successfully sold to Basic Energy Services LP, where he served in various positions for 13 years, ultimately as the Executive Vice President of Operations until he stepped down in 2021.  He is the managing partner of Clean Rig Power, a company developing zero-emission alternatives for workover rigs, and Dos Hermanos International and the CEO of Aquafortus, a private Equity-backed technology company that has developed sustainable proprietary processes to treat heavy brines in oil & gas, mining, and industrial applications.

 

He graduated from the Colorado School of Mines with a bachelor's degree in petroleum engineering and is a registered Professional Engineer in Texas, USA.  Jim is active in the Society of Petroleum Engineers, most recently serving on the SPE US Advisory Council. Jim also sits on the Texas Tech Petroleum Advisory Board, is active on the Southwestern Petroleum Short Course board, and is a member of the Permian Basin Association. He previously served in a similar role for the Colorado Oil & Gas Association.

 

James ("Jim") Frederic Newman, aged 60, is, or has, during the last five years been a director or partner of the following companies and partnerships:

 

Current:

J&B Aquafortus LLC

Dos Hermanos International, LLC

Clean Rig Power LLC

 

Former:

None

 

Other than as disclosed above, there are no further disclosures to be made in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

Dos Hermanos International, LLC currently holds 115,000,000 Ordinary Shares in the Company representing 11.3% of the Company's issued share capital.

 

 

For further information, contact:

Nostra Terra Oil and Gas Company plc Paul Welch, CEO   Email: [e-mail] Beaumont Cornish Limited (Nominated Adviser) James Biddle/ Roland Cornish   Tel: [phone] Novum Securities Limited (Broker) Jon Belliss   Celicourt Communications (PR/IR) Mark Antelme / Jimmy Lea   Tel:  Tel:  Email:     [phone] [phone] [e-mail]

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

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