NOSTRA TERRA OIL AND GAS COMPANY PLC Nostra Terra Oil and Gas Company plc
('Nostra Terra' or the 'Company')
EAST GHAZALAT UPDATE
Nostra Terra is pleased to announce that our 50 per cent. owned associate Independent Resources Egypt Limited ('IRE') has now received security clearance from the Egyptian authorities and is formally registered with the Egyptian General Petroleum Corporation (EGPC).
IRE has put in place the paperwork for the next step which will be Commercial Registration and the receipt of an Egyptian Tax Card to formally allow IRE to receive accrued revenues from 1 July 2015, the effective date of the acquisition of East Ghazalat. The final step of the registration process should be completed shortly.
Matt Lofgran, Chief Executive Officer of Nostra Terra, commented:
'We are very pleased that our 50 per cent. owned subsidiary IRE has taken the next step forward in establishing its operations in Egypt. As a company we remain excited by the potential for oil & gas in Egypt and look forward to updating the market on further developments.'
For further information, visitwww.ntog.co.ukor contact:
Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO | +1 480 993 8933 |
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) | +44 (0) 20 7409 3494 |
Rory Murphy / Ritchie Balmer | |
Cornhill Capital Ltd (Joint Broker) | +44 (0) 20 7710 9610 |
Nick Bealer / Colin Rowbury | |
Walbrook PR (Financial PR) | +44 (0) 20 7933 8797 |
Gary Middleton / Nick Rome |
Nostra Terra Oil & Gas Company plc published this content on 21 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 June 2016 06:15:09 UTC.
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