Nostra Terra Oil & Gas Company
NTOG: 1.37 0.00 (0.00%)
| Bid Price | 1.35 | High Price | 1.37 |
|---|---|---|---|
| Ask Price | 1.50 | Low Price | 1.37 |
| Open Price | 1.43 | Spread | 10.53% |
| Prev Close | 1.43 | Volume | 22,000.00 |
Nostra Terra Oil & Gas Company Share Price Chart
Intraday
Historic – 1 year
Nostra Terra Oil & Gas Company Share Price Information
| Name | Nostra Terra Oil & Gas Company | Epic | NTOG |
|---|---|---|---|
| Sector | Oil & Gas Producers | ISIN | GB00BZ76F335 |
| Activites | Nostra Terra Oil and Gas Company plc (formerly LHP Investments plc) is a fast-growing exploration and production company focused on emerging plays within established hydrocarbon regions of the United States. During the last two years, Nostra Terra has acquired interests in Kansas, Texas, Colorado and Oklahoma, and the company will continue to expand and upgrade its portfolio by identifying, screening and investing in a diverse pipeline of upstream assets in these areas. Working interests will vary, ranging up to 100% in some cases, and will include both operated and non-operated projects. The company is especially focused on pursuing projects where added value and strong cash flows can be generated through the use of advanced technology combined with disciplined cost control. Exciting new reserves of oil and gas are now being discovered and exploited within long-established US hydrocarbon basins. By applying the new drilling and recovery techniques developed in shale plays, operators are achieving dramatic increases in production and reserves from formations within old fields that previously were not thought to be commercially viable. The Niobrara, Bakken, Eagleford and Mississippian Chat resource plays are some of the most prominent examples, while there are literally dozens of lesser known plays emerging in the Permian, Anadarko, Arkoma, Piceance, Williston and Powder River Basins. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 1.43 | Net Gearing (%) | 46.04 |
|---|---|---|---|
| Market Cap (£m) | 1.37 | Gross Gearing (%) | 49.55 |
| Shares in issue (m) | 95.57 | Debt Ratio | 14.50 |
| P/E Ratio | -20.73 | Debt-to-Equity Ratio | 0.17 |
| Divs per share (p) | 0.00 | Assets / Equity Ratio | 1.98 |
| Dividend Yield (%) | 0.00 | Price to book value | 0.66 |
| Dividend Cover | 0.00 | SROCE (%) | -95.45 |
| Earning per share (p) | -0.07 | EPS Growth (%) | -133.33 |
| 52-week high / low (p) | 3.75 / 0.04 | DPS Growth (%) |
Nostra Terra Oil & Gas Company Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 19 May | Beaufort Securities | Sell | 1.37 | Reiterates | ||
| 05 May | Beaufort Securities | Sell | 1.37 | Reiterates | ||
| 28 Apr | Beaufort Securities | Sell | 1.37 | Downgrades | ||
| 03 Mar | Northland Capital | Buy | 1.37 | 0.46 | 0.36 | Reiterates |
| 05 Feb | Beaufort Securities | Speculative Buy | 1.37 | Reiterates |
Nostra Terra Oil & Gas Company Director Deals
| Date | Director | Type | Volume / Price | Trade Value |
|---|---|---|---|---|
| 14 Oct 2016 | Matthew Lofgran | Buy | 1600000 @ 1.31p | £20,960.00 |
| 11 Oct 2016 | Kristian Ainsworth | In Lieu of Fees/Salary | 859817 @ 2.90p | £24,934.69 |
Nostra Terra Oil & Gas Company Company News
Oil, Gas Roundup
President Energy (LON:PPC) confirms that under existing arrangements it expects to receive approximately $55 a barrel for its production until the end of the year in Argentina.
The company was commenting on recent industry speculation regarding the price that oil producers in Argentina will receive for their production.
“The Argentinian Government’s intention to match local and international pricing has been in the public domain for some time, and, whilst it is quite probable that this will be in 2017, at the present time exact timings for this transition remain unclear though this could commence in the first part of 2017,” the company said in a statement.
Using the Brent forward curve from 1 January 2017, President anticipates that the IRR of its planned well workover campaign in 2017 will not be materially impacted and is estimated to be approximately 150 per cent.
The Company therefore expects there to be no material difference in its anticipated year-end 2017 cash position.
The Company will continue to update the market on any material developments.
* * *
San Leon Energy (LON:SLE) said it has signed and completed sales agreements for its interests in two Polish onshore assets, principally the Rawicz and Siekierki fields in the Permian Basin, to Palomar Natural Resources.
San Leon has sold its 35% interest in the Rawicz gas field for a cash consideration of $9 million, and the release of certain San Leon liabilities.
These liabilities include loans which were advanced by Palomar to the Company as a temporary carry of the drilling and testing costs of the Rawicz-12 and Rawicz-15 wells, and amount to approximately $3.0 million.
The Company has sold its 35 per cent. interest in the Poznan assets (largely the Siekierki field) for a consideration of €1 plus a 10% Net Profit Interest (“NPI”) in the Poznan assets.
The NPI removes any further cost exposure to San Leon, while providing an interest in any future profits made by Palomar on the Poznan assets. The first $2.2m will be payable on closing, the next US$2.3 million by 30 November 2016 and the remaining $4.5m is due to paid to San Leon on or before 01 October 2017. An interest charge of LIBOR plus 5% will be applied to any sum not paid by February 1 2017.
The current book value of the assets being disposed of is approximately €12.1 million. The losses attributable to the assets in the last financial year were €0.
* * *
The sector’s biggest risers were Nighthawk Energy (LON:HAWK) and Nostra Terra Oil & Gas (LON:NTOG) – up by more than 17.2% and over 9.6% in late trading. The biggest fallers were Stratex International (LON:STI) and Xtract Resources (LON:XTR) – down by more than 10.2% and 10% in late trading.
At 4:06pm:
(LON:AUR) Aurum Mining PLC share price was 0p at 5.15p
(LON:BOR) Borders Southern Petroleum PLC share price was +0.01p at 2.5p
(LON:CHAR) Chariot Oil Gas Ltd share price was -0.19p at 8.18p
(LON:ENQ) EnQuest Plc share price was -0.37p at 27.38p
(LON:GKP) Gulf Keystone Petroleum share price was +0.02p at 1.2p
(LON:GPX) Gulfsands Petroleum PLC share price was +0.01p at 3.38p
(LON:HAWK) Nighthawk Energy PLC share price was +0.21p at 1.43p
(LON:INDI) Indus Gas Ltd share price was +2.5p at 295p
(LON:NTOG) Nostra Terra Oil Gas Company PLC share price was +0.13p at 1.43p
(LON:PET) Petrel Resources PLC share price was -0.25p at 5.88p
(LON:PPC) President Energy Plc share price was +0.18p at 5.98p
(LON:RKH) Rockhopper Exploration PLC share price was -0.12p at 24.13p
(LON:RPT) Regal Petroleum PLC share price was 0p at 3.76p
(LON:SLE) San Leon Energy PLC share price was -0.13p at 43.5p
(LON:STI) Stratex International PLC share price was -0.2p at 1.75p
Story provided by StockMarketWire.com
Oil, Gas Roundup
Independent Resources (LON:IRG) was the sector’s biggest riser after it announced that Sahara Resources GOS, which holds a 50% interest in the East Ghazalat concession, has been issued with a commercial registration and tax ID number by the General Authority for Investments and Free Zones which formally establishes a branch of SRGOS in Egypt.
SRGOS is the wholly owned subsidiary of the company’s 50% owned associate Independent Resources (Egypt) Limited, IRG’s joint venture vehicle owned jointly with Nostra Terra Oil and Gas, which was formed to facilitate IRE’s acquisition of its interest in the East Ghazalat concession.
IRG believes the establishment of an Egyptian branch of SRGOS completes all the necessary legal formalities and will allow IRE to seek to conclude arrangements with the Egyptian General Petroleum Corporation (“EGPC”) in respect of their registration process.
Once EGPC have concluded their process, the timing of the payment of accrued revenues remains, however, solely within the control of the relevant Egyptian authorities. The Company is liaising with these authorities so that payments can commence and will update the market further when it has visibility on when payments may be received.
Chief executive Greg Coleman said: “We are delighted that SRGOS has established a branch in Egypt, a significant step in the process to make it eligible to receive payment of the material accrued revenues due to the JV from the East Ghazalat concession. We will continue to liaise with EGPC in an effort to secure payment of these revenues however the timing of any payment is controlled by these authorities.
“We appreciate the continued patience of our investors and look forward to updating the market with further developments as they arise.”
* * *
Nostra Terra (LON:NTOG) has noted an announcement by Independent Resources concerning Sahara Resources GOS, the wholly owned subsidiary of the company’s 50% owned associate Independent Resources (Egypt) Limited, Nostra Terra’s joint venture vehicle owned jointly with IRG, which was formed to facilitate IRE’s acquisition of its interest in the East Ghazalat concession.
* * *
Xtract Resources (LON:XTR) has decided to develop the Manica gold project in Mozambique solely on an open pit basis.
The company said underground development would require crown pillars which would sterilise a significant portion of the resource while weak wall rock conditions mean back-filling would be needed which would drive up costs.
* * *
The sector’s biggest fallers were Indus Gas (LON:INDI) and Hardy Oil & Gas (LON:HDY) – down by 9.2% and more than 8.6% respectively in late trading.
At 4:20pm:
(LON:AUR) Aurum Mining PLC share price was 0p at 5.15p
(LON:BOR) Borders Southern Petroleum PLC share price was -0.12p at 2.5p
(LON:CHAR) Chariot Oil Gas Ltd share price was -0.36p at 8.06p
(LON:ENQ) EnQuest Plc share price was +0.63p at 27.63p
(LON:GKP) Gulf Keystone Petroleum share price was +0.02p at 1.17p
(LON:GPX) Gulfsands Petroleum PLC share price was +0.01p at 3.38p
(LON:HDY) Hardy Oil Gas PLC share price was -1.63p at 17.25p
(LON:INDI) Indus Gas Ltd share price was -29.62p at 292.38p
(LON:IRG) Independent Resources PLC share price was +0.03p at 0.11p
(LON:NTOG) Nostra Terra Oil Gas Company PLC share price was +0.1p at 1.28p
(LON:PET) Petrel Resources PLC share price was -0.13p at 6.13p
(LON:RKH) Rockhopper Exploration PLC share price was +0.13p at 24.38p
(LON:RPT) Regal Petroleum PLC share price was 0p at 3.76p
(LON:XTR) Xtract Resources Plc share price was 0p at 0.03p
Story provided by StockMarketWire.com
Director Deals – Nostra Terra Oil & Gas Company PLC (NTOG)
Kristian Ainsworth, Chairman, received in lieu of fees/salary 859,817 shares in the company on the 11th October 2016 at a price of 2.90p. The Director now holds 1,039,817 shares.
NOTE: 40% of fees. Average price from July 2015-Sept 2016.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
FLASH: Nostra Terra O&G; narrows H1 loss
Story provided by StockMarketWire.com
Oil, Gas Roundup
LGO Energy’s (LON:LGO) revenues fell to £1,921,000 in the six months to the end of June – 71% down on last time but pre-tax losses of £1,925,000 were down 24% on a year ago.
The company raised £5,576,284, gross, in the period through the issue of 2,595,122,080 shares at an average price of 0.215p. Of this total, 425,912,746 shares were issued to suppliers for settlement of creditor balances.
After the reporting date, on the 18 August, the company issued 727,877,588 shares at 0.146p to Well Services Petroleum Company Limited for settlement of creditor balances.
* * *
BP (LON:BP.) has published its provisional forthcoming dividend dates for ordinary and preference shares on www.bp.com/financialcalendar for the remainder of 2016 and 2017. These dates are indicative and may be subject to change.
* * *
Nostra Terra (LON:NTOG) said Independent Resources (Egypt) Ltd — its JV with Independent Resources Plc — has reached an agreement with TransGlobe Petroleum International Inc concerning the early repayment of the $2.5m loan note.
The loan note was issued to TransGlobe in October 2015 and repayable on 30 September 2017. Under the terms of the Agreement, IRE will pay $200,000 to TransGlobe in full and final settlement of the Loan Note.
IRE’s 50% interest in the East Ghazalat concession (the “Concession”) is not affected by this Agreement.
Nostra Terra will pay US$100,000 for its proportional share of the Agreement.
This extinguishes the liability of approximately US$1.3 million owed by Nostra Terra (including accrued interest), leaving no further debt on the asset.
* * *
The sector’s biggest risers were Independent Resources (LON:IRG) and Hydrodec (LON:HYR) – up by more than 32.1% and over 9.5% respectively in late trading. The biggest fallers were Xcite Energy (LON:XEL) and President Energy (LON:PPC) – down by 8% and more than 7.4% respectively.
At 4:28pm:
(LON:AUR) Aurum Mining PLC share price was 0p at 1.85p
(LON:BOR) Borders Southern Petroleum PLC share price was +0.1p at 1.85p
(LON:BP.) BP PLC share price was +2.9p at 431.1p
(LON:CHAR) Chariot Oil Gas Ltd share price was +0.1p at 9.74p
(LON:ENQ) EnQuest Plc share price was +0.13p at 24.88p
(LON:GKP) Gulf Keystone Petroleum share price was +0.07p at 2.15p
(LON:GPX) Gulfsands Petroleum PLC share price was 0p at 3p
(LON:HYR) Hydrodec Group PLC share price was +0.25p at 2.88p
(LON:INDI) Indus Gas Ltd share price was -7.5p at 497.5p
(LON:IRG) Independent Resources PLC share price was +0.02p at 0.09p
(LON:LGO) LGO Energy PLC share price was 0p at 0.1p
(LON:NTOG) Nostra Terra Oil Gas Company PLC share price was +0.1p at 1.2p
(LON:PET) Petrel Resources PLC share price was -0.13p at 6.63p
(LON:RKH) Rockhopper Exploration PLC share price was -0.5p at 27.25p
(LON:RPT) Regal Petroleum PLC share price was +0.01p at 3.54p
(LON:XEL) Xcite Energy Ltd share price was -0.1p at 1.15p
Story provided by StockMarketWire.com
