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On April Fool’s day there was an upbeat statement from Nostra Terra (NTOG) promising all sorts of good things. What it neglected to mention was that trade creditors had risen to £230,000 as the cash burning enterprise had no cash and so imply could not afford to pay its bills. One of those owed cash (£60,000) was Nomad Strand Hanson, boy how it must have been hoping for a placing….

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Don’t get me wrong, I think that Nostra Terra Oil & Gas (NTOG) is a basket case but at least flip flip Ben Turney has engineered a boardroom revolution which gives it a slim chance of not going bust. Well done to Ben who, you may remember, discussed Nostra Terra in a recent ShareProphets Radio free podcast HERE.

NEWSFLOW

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Yesterday another dog cursed by the hex that is a Gervais Williams investment, that is to say Nostra Terra Oil & Gas (NTOG), published details of a sack the board EGM and the management’s case for staying on. What, in a cowardly fashion, it refused to do, as I believe it should have done is publish the letter that the requisitioner, Eridge Capital run by flip flop Ben Turney, wanted to send to shareholders. Fear not… the letter, outside of all paywalls, is below. Nostra Terra shareholders should read it and vote to sack chairman Ewan Ainsworth - in light of the scandalous pay revelations below - and hapless Lofgran after this bombshell.  Sack the board!  

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On 5^th February 2020 Nostra Terra Oil & Gas (NTOG) lied to shareholders as it admitted that Matt Lofgran had signed a secret deal that seems to give him a job for life however badly he runs the company.

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