Nostra Terra Oil – off to a good start to the week
Nostra Terra Oil & Gas (NTOG) the London-based oil and gas company has started the week on a sound footing after announcing the results of a reserves report on its Bloom property in the USA.
Its report outlines potential gross proved reserves of 2.26MMbbl (1.02MMbbl net) and 1,096MMcf gas potential gross proved reserves (494MMcf net). Terra Matt Lofgran – Chief Executive of Nostra Terra said “The results of the reserves report on the Bloom property more than double our current reserve base while providing a great opportunity for cash flow for the company. The increase in reserve base should also provide the company with a more diversified portfolio of production assets in the future.”
This little bit of news should hopefully make for an interesting day as investors late into the news begin jumping aboard and the market makers get up to their tricks (if such things are true?). The virgin opened the wallet for this a couple of weeks ago after watching it for quite a while. Although I see my holding as more of a long term investment, I do like to watch all the excitment. Time will tell if that was a good decision.
Virgin
