Business
2024 Audited Annual Results & Notice of AGM
2024 Audited Annual Results & Notice of AGM.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n\n23 May 2025\n \nNostra Terra Oil and Gas Company Plc\n(\"Nostra Terra\" or \"the Company\")\n \n2024 Audited Annual Results\nNotice of AGM\n \nNostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to announce its final results for the year ended 31 December 2024 (the \"Results\"). A copy of the Results, along with a Notice of AGM, is being posted to Shareholders and is available on the Company's website, www.ntog.co.uk . The AGM will be held at the offices of Druces LLP at Salisbury House, London Wall, London EC2M 5PS at 10.00 a.m. on 20 June 2025. Extracts from the Results are set out below.\n \nThis 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\nFor further information, contact:\n \n\n\n\n\nNostra Terra Oil and Gas Company plc\nPaul Welch, CEO\n \n\n\nTel:\n\n\[email protected]\n\n\n\n\nSP Angel Corporate Finance LLP\n(Nominated Adviser and Broker)\nStuart Gledhill / Richard Hail / Adam Cowl\n\n\nTel:\n\n\n+44 (0) 20 3470 0470\n\n\n\n\n \nCelicourt Communications (PR/IR)\nMark Antelme / Jimmy Lea\n\n\n \nTel:\n Email:\n \n\n\n \n+44 (0) 20 7770 6424\[email protected] \n \n \n \n\n\n\n\n\n Chairman's Report\n2024 - Continued change and intensified focus.\n \nDuring 2024 crude oil prices including WTI, the benchmark against which Nostra Terra's production is sold, continued on a generally falling trajectory. Russian oil production continues to find its way to market, often at discounted prices; both the volume and price effects of this and continued concerns over the health of the global economy are in part to blame for this price weakness.\n \nAgainst this backdrop, Nostra Terra has put in place its new strategy and \"stuck to the knitting\" by divesting non-core assets in West Texas and focusing efforts on its existing core East Texas Pine Mills acreage and holds a 100% Working Interest. Over the year it has successf...