Nostra Terra Oil & Gas – Mesquite Update

Permain Basin

Nostra Terra Oil & Gas CEO Interview 

Matt Lofgran CEO of Nostra Terra Oil & Gas caught up with our very own Bonnie Hughes to discuss the companies most recent news in addition to the wider scope of there assets in and around the Permian Basin. On Monday the company announced the engineered economic report for its Mesquite asset which showed an NPV10 valuation of $28m at $60 oil, the report further highlights Trey’s from Mesquite which shows some similarities to another Permian Basin play of which Trey has experience.

Commenting on the news Matt Lofgran CEO commented:

The Mesquite Asset is a perfect example of what we hoped to bring to Nostra Terra, where a single well has the ability to triple our current production, without the associated exploration risk. Now that we have the Field Development Plan based on initial assessment we will open discussions with potential partners, with a view to realizing considerable value at Mesquite.”

You can read the full RNS here and below you can watch our interview with Matt Lofgran CEO

 

The publication was remunerated to carry out the interview on our behalf. 


Categories: Bulletin