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Company Information for Nostra Terra Oil & Gas Company PLC

Company stock charts - 6 Month chart

Exchange AIM; NTOG


View full financial data

Company Statement

Ukrainian Operating Environment
The License Area is located on the Crimean Peninsula of Ukraine which occupies a strategic position at the crossroads between Europe and Asia and in land area is the second-largest country in Europe. The Tarkhankut Peninsula is located on the northwest reaches of the greater Crimea Peninsula.

Nostra Terra Oil & Gas was admitted to London’s AIM market in July 2007. The Company’s principal business is the re-opening of the Oktyabroskoe oilfield located in the northwest corner of the Crimean peninsula.

Business Strategy of the Enlarged Group
NTOL's strategy has always been to become one of the leading independent oil and gas exploration and production companies operating in Ukrain and with potential to operate in other strategic locations in the future. It is the intention of the Enlarged Group to apply the same strategy to its operations.

Opportunities for the Enlarged Group
Initially, the Enlarged Group will focus on developing the Wells in the License Area and improving its seismic information so as to be able to upgrade its Reserves as well as to take advantage of "in-fill drilling" opportunities.

The Directors and the Proposed Directors believe that NTOL has developed a strong working relationship with Krymgeologia. As the Enlarged Group invests in the reopening of Wells, the Directors and the Proposed Directors believe that the Enlarged Group will be in a good position to apply for further license opportunities in the Crimea as well as within the rest of Ukraine.


Operations and Technology

The Oktyabrskoe Licence

The Licence Area contains two reservoir horizons - the Necomian and the Cenomanian, at depths of 1,700 metres and 2,800 metres respectively. The Licence Area covers 154 square kilometres and contains 36 Wells (19 in the Oktyabrskoe Field and 17 in the West Oktyabrskoe Field). The Directors and Proposed Directors understand that the Wells were drilled by the exploration arm of the USSR between 1960 and 1991 and were subsequently capped prior to the break-up of the USSR. The Directors and Proposed Directors understand that the Wells were not placed on production because the field was never transferred to a production department of the USSR. The Wells were subsequently shut in for safety and environmental reasons and have remained in that state up to today. The Enlarged Group intends to re-enter and develop a selection of the Wells using modern equipment and production techniques.



Board of Directors and Key Management

Matt Lofgran Chief Executive Officer
Sir Adrian Blennerhassett Non-Executive Director and Chairman
Stephen Vaughan Oakes Non-Executive Director on Admission

Company Address

5-7 Cranwood Street
London, United Kingdom EC1V 9EE

Telephone:+44 (0) 20 7251 3762
Email:orodkin[at]ntog.uk
Website:http://www.ntog.co.uk

Additional Address/Key Contact

Glenn MacNeil, CFO NTOG
gmacneil@ntog.co.uk

Yura Zvenigordski, Deputy Managing Director
yzvenigordski@ntog.co.uk
Tel: Ukraine 380-65-695-742

Nominated Brokers

Falcon Securities (UK) Limited

Nominated Advisors

ARM Corporate Finance Limited

Major Shareholders

ACOC (Neville Desmond Smith)149,126,47249.40
ACOC (Brian William Courtney)149,126,47249.40
Ucoco Energy Inc.71,729,71323.76
Karin Haugen29,900,0009.90
Glenn MacNeil17,932,4285.94
X-Calibur Ltd14,651,3814.85
GCIT Foundation13,388,0003.63

Related News

13/10/09 - Nosta Terra Oil & Gas Boosted By Early Success In Kansas
05/08/09 - After Last Year’s Troubles In Ukraine, Nostra Terra Oil & Gas Turns To The USA

Most Recent Statement

04/09/09 - Issue of Equity
02/09/09 - Reserves Update
28/08/09 - Total Voting Rights
21/08/09 - Acquisition, Placing & Issue of Warrants
03/09/08 - Trading Statement
30/06/08 - Final Results

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