Business
Board Changes and Award of Warrants
Board Changes and Award of Warrants.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2004W Nostra Terra Oil & Gas Company PLC 07 February 2017 \n\n7 February 2017\n \nNostra Terra Oil and Gas Company plc\n(\"Nostra Terra\" or the \"Company\")\n \nBoard Changes and Award of Warrants\n \n \nNostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to announce the appointment of John Stafford as a non-executive director of the Company, with immediate effect. \n \nJohn Stafford has 35 years experience in the oil & gas industry. He has been Vice President of Operations at Gulf Keystone (LSE:GKP) since May 2014, having joined that company as Manager, Geology & Geophysics in early 2009. John is a geoscientist, with specialist expertise in oil field development and reserve certification and reporting. \n \nMr Stafford has worked with well known companies in the oil and gas industry, such as ECL, Schlumberger and PGS, managing projects in integrated field management and all aspects of reserves certification and reporting. This includes the production of Competent Persons Reports. John has further experience of fractured reservoir development and risk management.\n \nNostra Terra is transitioning to becoming an operator, growing through development of existing fields as well as exploration. Nostra Terra also continues to pursue the acquisition of other potential strategic investments, leveraging the experience of the members of the board of the Company (\"Board\") and management. \n \nAs part of this process of strategic refocus, the Board has been seeking to strengthen its technical and operational skills base, while broadening its regional reach. John's appointment fits these goals perfectly. Specifically the Board expects that Mr Stafford'soperational, technical and geological experience will benefit the Company greatly, as will regional contacts he has developed. \n \nJohn Stafford had today been awarded warrants to subscribe for up to 750,000 ordinary shares of 0.1p each in the Company (\"Ordinary Shares\") at an exercise price of 2.55p per Ordinary Share, The first tranche of 375,000 Ordinary Shares will vest on 7 February 2018, and can only be exercised once the share price has increased by at least 50 per cent above the exercise price. The second tranche of ...