Norstra Terra today confirmed it has made its third acquisition in the the Permian Basin.
Nostra Terra said it has been given a cash boost for the sale of its interest in the Chisholm Trail prospect.
Nostra Terra will acquire an 80% working interest in an number of oil and gas interests comprising the Pine Mills field and associated assets in Wood County, Texas.
Nostra Terra has sold off its interests in Chisholm Trail for $2.1million.
Nostra Terra Oil and Gas has raised £250,000 through share placing to fund future acquisitions.
Nostra Terra is one step closer to selling-off its interest in the Chisholm Trail Prospect.
Nostra Terra has sold its Chisholm Trial prospect to Ward Petroleum for $2.1million.
Nostra Terra today confirmed its subsidiary, Independent Resources Egypt (IRE), had been given the initial green light from Egyptian authorities.
Nostra Terra said it has been able to reduce overhead costs after the company's board took a 25% voluntary pay cut.
Nostra Terra Oil & Gas has lost the exclusive right to acquire an interest in producing assets in New Mexico's Permian Basin after failing to meet a payment deadline.
Nostra Terra Oil and Gas has been granted a further extension to the deadline of its proposed acquisition of a 60% interest in producing assets at the Permian Basin in New Mexico from Alamo Resources.
Nostra Terra has secured more time to close its deal with Alamo Resources.
Nostra Terra - the UK listed independent oil and gas firm - confirmed the permitting process for the Paw Paw prospect in the Wyoming, US should be completed "within weeks. and said it has secured more time to drill a well at the project.
Nostra Terra has snapped up more oil and gas acquisition onshore USA, in the Permian basin in a $3million deal
Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt is eyeing potential acquisitions as the oil price tumbles, the company has confirmed.
Nostra Terra today confirmed a three-year extension for its $25million credit facility.
Shrewd acquisitions and a willingness to take a fresh look at established assets is paying dividends for oil junior Nostra Terra and its chief executive Matt Lofgran.
Nostra Terra Oil & Gas and its joint venture partner Independent Resources have snapped up their first acquisition in North Africa. An agreement has been reached with Transglobe Energy for the acquisition by of a 50% share in the East Ghazalat concession for $3.5million.
Nostra Terra, the UK-headquarterd independent producer, said it is focused on acquiring producing assets with exploration potential in North Africa.
Nostra Terra and Independent Resources have agreed to pool resources for a joint venture to pursue new projects in North Africa.
US oil producer Nostra Terra has more than doubled production and is on the lookout for more in-country assets.
Exploration company Nostra Terra has agreed a deal with Koch Exploration in Wyoming in the United States.
Nostra Terra Oil & Gas has acquired a new venture in the south Texas, with a minority interest in the San Miguel prospect. The area spans 35,000 acres and is said to have similar characteristics as the Don Pedro project, where last month the company also gained a 1% stake. The San Miguel project has also already been the subject of extensive regional mapping and it is the subject of ongoing drilling work.