REG - Nostra Terra O&G Co - Appointment of Non-Executive Director

Nostra Terra Oil and GasAnnouncement

27/06/2024 07:00

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RNS Number : 0311U  Nostra Terra Oil & Gas Company PLC  27 June 2024

27 June 2024

 

Nostra Terra Oil and Gas Company Plc

("Nostra Terra" or "the Company")

 

Appointment of Non-Executive Director

 

Nostra Terra (AIM: NTOG), the oil & gas exploration and production company
with a portfolio of development and production in the US, is pleased to
announce that further to its announcement of 13 June 2024 it has now appointed
James Newman, an existing 11.3% shareholder in the Company through the
subscription by his wholly owned company, Dos Hermanos International, in the
January 2024 fundraise as a Non-Executive Director.

 

Mr. Newman is an international energy executive with over 35 years of industry
experience in multiple facets of the oil & gas industry, including well
abandonment, well intervention, water management, regulatory compliance,
vertical and horizontal drilling and completions, and financial management. He
started his career at Triple N Services (22 years), an oilfield services
company, specializing in well interventions, operations, and rejuvenation of
mature assets, which he successfully sold to Basic Energy Services LP, where
he served in various positions for 13 years, ultimately as the Executive Vice
President of Operations until he stepped down in 2021.  He is the managing
partner of Clean Rig Power, a company developing zero-emission alternatives
for workover rigs, and Dos Hermanos International and the CEO of Aquafortus, a
private Equity-backed technology company that has developed sustainable
proprietary processes to treat heavy brines in oil & gas, mining, and
industrial applications.

 

He graduated from the Colorado School of Mines with a bachelor's degree in
petroleum engineering and is a registered Professional Engineer in Texas, USA.
 Jim is active in the Society of Petroleum Engineers, most recently serving
on the SPE US Advisory Council. Jim also sits on the Texas Tech Petroleum
Advisory Board, is active on the Southwestern Petroleum Short Course board,
and is a member of the Permian Basin Association. He previously served in a
similar role for the Colorado Oil & Gas Association.

 

James ("Jim") Frederic Newman, aged 60, is, or has, during the last five years
been a director or partner of the following companies and partnerships:

 

Current:

J&B Aquafortus LLC

Dos Hermanos International, LLC

Clean Rig Power LLC

 

Former:

None

 

Other than as disclosed above, there are no further disclosures to be made in
accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules
for Companies.

Dos Hermanos International, LLC currently holds 115,000,000 Ordinary Shares in
the Company representing 11.3% of the Company's issued share capital.

 

 

For further information, contact:

 Nostra Terra Oil and Gas Company plc  Email:       pwelch@ntog.co.uk

 Paul Welch, CEO

 Beaumont Cornish Limited              Tel:         +44 (0) 20 7628 3396

 (Nominated Adviser)

 James Biddle/ Roland Cornish

 Novum Securities Limited (Broker)     Tel:         +44 (0) 207 399 9425

 Jon Belliss                            Tel:        +44 (0) 20 7770 6424

                                       Email:       NTOG@celicourt.uk

 Celicourt Communications (PR/IR)

 Mark Antelme / Jimmy Lea

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

 

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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