Nostra Terra upbeat on US activities

Nostra Terra said it would undertake commercial flow testing in January 2018 for its Twin Well in Texas. It added that recent work was consistent with information received from a neighbouring operator prior to drilling.

The company continues discussions to secure a new lending facility which would enable Nostra Terra to accelerate its strategy of developing lower risk reserves using non-dilutive funds.

In anticipation of securing the new lending facility, Nostra Terra intends to initiate the permitting process for drilling a new well at one of its 24 drill-ready locations across its Permian acreage.

At 8:39am: (LON:NTOG) Nostra Terra Oil Gas Company PLC share price was +0.55p at 4.58p