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Nostra Terra Oil & Gas Company PLC - London-based oil and gas company with operations focused in the US - Reports net sales of around 10,885 barrels of oil during the fourth quarter of 2021. This represented revenue of USD767,000 for the quarter, a 37% increase on the third quarter in which revenue totalled USD558,000. Net daily production in the fourth quarter totals 118 barrels of oil per day, up 23% from 96bopd in the previous quarter.
Nostra Terra says a new development well at Pine Mills in Texas, US is nearing total depth. Adds that if successful the well will be immediately put into production using existing infrastructure.
Current stock price: 0.48 pence, up 5.9% in London
12-month change: down 27%
By Heather Rydings; heatherrydings@alliancenews.com
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