Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Nostra Terra; expansion drive makes this a speculative buy

By Robert Tyerman

16 June 2015 02:16

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Waiting for more drilling results from recent acquisitions and looking for fresh deals, US-focused Nostra Terra Oil and Gas (NTOG) is ‘now able to go for some bigger opportunities,’ declares chief executive officer Matt Lofgran, as the company digests last month’s agreement to obtain 1% of the 35,000-acre San Miguel property in South Texas. He says Nostra Terra, which doubled production last year to 35,380 barrels of oil equivalent, hopes to benefit from the depressed state of the oil market by picking up more hoped-for bargains, after securing the White Buffalo prospect in Wyoming and acquiring two properties on the sought-after 870 million-acre Eagle Ford oil shale trend in South Texas.

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Comments

wildrides

16 June 2015, 02:45

Ha ………… I laughed till I nearly died . What a piece of shite this is ………….. Production doubled ………. yeah from zero to 2x zero .
Its a mom and pop lobster pot business with a CEO grafted on who has delusions of granduer . The last placing mob have lost half their money already . He will just buy more 1% interests in complete worthless shite . Bank loan ………….oh yeah thats a good idea . I cant wait to be ranked second in line behind a bank ……… now let me see , how does that model work in volatile oil prices again ?