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Tag: Nostra Terra

Nostra Terra’s Egypt oil dispute referred to arbitration

Posted: April 29, 2018 at 5:13 pm   /   Oil & Gas

A dispute between Nostra Terra subsidiary Sahara Resources Inc. and the operator of the East Ghazalat concession in Egypt has been referred to the London Court of International Arbitration, the UK-based oil and gas company said on Thursday, according to Law 360. Sahara Resources Inc. owns a 50% non-operating interest in the concession, where it […]

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Nostra Terra receives approval for new $5m Senior Lending Facility

Posted: January 8, 2018 at 1:06 pm   /   Oil & Gas

Nostra Terra, the oil and gas exploration company with a portfolio of assets in the USA and Egypt, announced that it has received approval for a new US$5 million Senior Lending Facility with Washington Federal Bank. US$1.2 million of the Facility will be immediately available for use on completion of the legal paperwork. Completion is […]

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Nostra Terra Oil & Gas shares soar as it secures hedging facility from BP

Posted: September 27, 2017 at 7:08 pm   /   Oil & Gas

Nostra Terra Oil & Gas Co PLC on Tuesday said it has secured a hedging facility with BP Energy Co, part of London-listed oil major BP PLC. Nostra Terra shares more than doubled on Tuesday to 2.62 pence after the news, having closed at 1.25p on Monday. Nostra Terra intends to use the hedging facility […]

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East Ghazalat

Nostra Terra acquires further 25% stake in East Ghazalat from Echo Energy

Posted: June 15, 2017 at 6:03 pm   /   Oil & Gas

AIM-listed Nostra Terra Oil & Gas has reached agreement with Echo Energy to acquire Echo’s 50 percent stake in Independent Resources Egypt (‘IRE’). IRE owns a 50% non-operating interest in the East Ghazalat concession, Egypt through its subsidiary Sahara Resources GOS Inc (‘SRGOS’). The remaining 50% of the Concession is owned by North Petroleum International […]

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Independent Resources now formally registered with EGPC

Posted: June 21, 2016 at 8:22 pm   /   Oil & Gas

Independent Resources 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’). Nostra Terra Oil & Gas own the remaining 50%. IRE have put in place the paperwork for […]

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Independent Resources close to extracting revenue at East Ghazalat

Posted: May 12, 2016 at 1:27 pm   /   Oil & Gas

Independent Resources was moving closer to extracting revenue from its East Ghazalat concession in Egypt on Tuesday, as it updated the market on the project’s recent developments. The firm holds a 50% share in East Ghazalat, along with fellow AIM-traded company Nostra Terra Oil & Gas. Its board said it was continuing to make progress […]

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Nostra Terra and Independent Resources provide update on East Ghazalat concession

Posted: January 26, 2016 at 7:31 pm   /   Oil & Gas

Nostra Terra and Independent Resources plc make the following announcement in relation to the East Ghazalat concession in Egypt: North has served a notice of default pursuant to the terms of the JOA (joint operating agreement between North and the JV which governs East Ghazalat) in respect of unpaid cash calls for November and December […]

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TransGlobe Energy – East Ghazalat asset receives a good price

Posted: October 9, 2015 at 6:22 pm   /   Oil & Gas

Independent Resources and Nostra Terra, which are both party to a 50:50 JV with the express purpose to acquire E&P assets in North Africa, have agreed to acquire TransGlobe’s East Ghazalat concession in Egypt. TGA holds a 50% working interest in East Ghazalat, for which the JV is to pay $3.5m. This represents a significant […]

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Independent Resources and Nostra Terra acquire producing assets in Egypt

Posted: October 6, 2015 at 7:49 pm   /   Oil & Gas

Independent Resources plc (IRG) announced the intention to establish a strategic joint venture company (“JVCO”) owned 50-50 with Nostra Terra Oil & Gas Company plc (“Nostra Terra”) focused on the acquisition of producing assets in the North Africa region. IRG and Nostra Terra are pleased to announce that it has reached agreement with TransGlobe Energy […]

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