Business
Correction - Acquisition of Oil and Gas Propert...
Correction - Acquisition of Oil and Gas Propert....
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n NOSTRA TERRA OIL AND GAS COMPANY PLC\n (\"NTOG\" or the \"Company\")\n\n\n Correction\n Acquisition of Oil and Gas Properties in Kansas, USA\n\n15 July 2009\n\nIn the announcement released at 08:23 today, the first paragraph should have\nread:\n\nNTOG is pleased to announce that on 13 July it entered into definitive\nagreements with Hewitt Petroleum, Inc. (\"HPI\") for the purchase and exploration\nof three properties in Kansas, USA for an initial consideration of US$235,000\nwhich has been paid in cash with US$25,000 of the balance due within 60 days of\nexecution of definitive agreements (\"Execution\"), US$425,000 within 90 days of\nExecution and US$100,000 to be satisfied by the assignment by Mr Lofgran to HPI\nof his working interest in another property known as the Perth field where HPI\nis also a partner.\n\nFull details of the deferred consideration payments remain as set out in the\nbody of the 08:23 announcement.\n\nFor further information contact:\n\nNostra Terra Oil and Gas Company plc\nMatt Lofgran, CEO [email protected]\nTel: +1 480 993 8933\n\nBlomfield Corporate Finance Ltd Tel: +44 (0)20 7489 4500\nAlan MacKenzie/Peter Trevelyan-Clark/Ben Jeynes\n\nAlexander David Securities Ltd Tel: +44 (0)20 7448 9820\nDavid Scott/Jon Levinson\n\nENDS \n ","length":1516,"tagName":"div"}]