REG - Nostra Terra O&G Co - Industry Consultant Appointed <Origin Href="QuoteRef">NTOG.L</Origin>

Nostra Terra Oil and GasAnnouncement

06/09/2014 22:27

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RNS Number : 5197N
Nostra Terra Oil & Gas Company PLC
28 July 2014 
 
AIM: NTOG 
 
28 July 2014 
 
Nostra Terra Oil and Gas Company plc 
 
("Nostra Terra" or the "Company") 
 
Appointment of Consultant and Grant of Warrants 
 
Nostra Terra, the AIM-quoted oil and gas producer with assets in the USA, is
pleased to announce the engagement of Quixote Associates Limited ("Quixote")
as consultant to the Company to assist Nostra Terra in the assessment, due
diligence and financing of potential transactions or acquisition
opportunities. 
 
Tom Reynolds is the principal of Quixote and is highly experienced in the oil
and gas sector.  Mostly recently he acted as CEO of Bridge Energy ASA
("Bridge"), an oil and gas exploration and production company with licences in
the UK and Norwegian continental shelves.  While at Bridge, Mr Reynolds
oversaw the successful sale to Spike Exploration Holding AS at a valuation of
approximately £103 million, which completed in November 2013.  The Directors
believe that Mr Reynolds will provide an important service to Nostra Terra as
the Company looks to increase its production portfolio. 
 
The Board has granted 10,000,000 warrants to Quixote, exercisable at 0.29
pence per share, being the closing market price of the Company's ordinary
shares on 25 July 2014 (the "Warrants").  The Warrants are exercisable for a
five year period from the date on which they vest. Vesting of the Warrants is
conditional on completion of a significant transaction and is subject to Board
approval. 
 
Matt Lofgran, Chief Executive Officer of Nostra Terra, commented: 
 
"While our portfolio of non-operated assets continues to grow, our attention
has been focused on acquiring larger assets where Nostra Terra can act as the
operator.  We're excited to be working with Quixote and Tom Reynolds as we
enter this new stage in the Company's development." 
 
For further information, visit www.ntog.co.uk or contact: 
 
Nostra Terra Oil and Gas Company plc 
 
Matt Lofgran, CEO 
 
mlofgran@ntog.co.uk                                               Telephone:
+1 480 993 8933 
 
Northland Capital Partners Limited 
 
(Nominated Adviser) 
 
Matthew Johnson / Lauren Kettle                            Telephone: +44
(0)20 7382 1100 
 
Hume Capital Securities plc (Broker) 
 
Jon Belliss / Abigail Wayne                                    Telephone: +44
(0)20 3693 1470 
 
Lothbury Financial Services Limited 
 
Gary Middleton / Michael Padley                            Telephone: +44
(0)20 3440 7620 
 
This information is provided by RNS
The company news service from the London Stock Exchange