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Nostra Terra turns to North Africa

By Robert Tyerman

9 October 2015 03:23

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US-focused AIM underperformer Nostra Terra Oil and Gas (NTOG) has teamed up with junior market pariah Independent Resources (IRG) in a potentially transformational $3.5 million (£2.3 million) deal to acquire a half share in Egypt’s East Ghazalat oil producing concession, containing proven and probable reserves of one million barrels.

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Comments

wildrides

9 October 2015, 15:45

Cripes ……… what do you get when you join one pile of shite with another pile of shite and add in some debt ……. a very big pile of shite down a bottomless money pit. . Not sure its fair on Africa to inflict Nostril Terror on it after having just beaten Ebola . Give em a break please ………. and they have to put up with Del Boy Lemon Gas and his fantasy trucking venture down south too ( sorry Dave …… its Tucks not trucks …….I should know better )
So they have half share in 880 bopd which is then half shared with IRG …….. meaning 220 bopd to Nostril Terror, which apparently has tripled Nostrils current production from circa 70 bopd . Cripes ………… Nostril was far more shite than I first thought . Oh well , Tom likes Matty “Log off will you please” Gran , so thats all right then .