Business
East Ghazalat Update
East Ghazalat Update.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \nRNS Number : 7529B Nostra Terra Oil & Gas Company PLC 21 June 2016 \n\n Nostra Terra Oil and Gas Company plc \n(\"Nostra Terra\" or the \"Company\") \nEAST GHAZALAT UPDATE\nNostra Terra 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). \nIRE has put in place the paperwork for the next step which will be Commercial Registration and the receipt of an Egyptian Tax Card to formally allow IRE to receive accrued revenues from 1 July 2015, the effective date of the acquisition of East Ghazalat. The final step of the registration process should be completed shortly.\nMatt Lofgran, Chief Executive Officer of Nostra Terra, commented:\n \"We are very pleased that our 50 per cent. owned subsidiary IRE has taken the next step forward in establishing its operations in Egypt. As a company we remain excited by the potential for oil & gas in Egypt and look forward to updating the market on further developments.\"\n \nFor further information, visit www.ntog.co.uk or contact:\n\n\n\n\nNostra Terra Oil and Gas Company plc\nMatt Lofgran, CEO\n\n\n+1 480 993 8933\n\n\n\n\nStrand Hanson Limited\n(Nominated & Financial Adviser and Joint Broker)\n\n\n+44 (0) 20 7409 3494\n\n\n\n\nRory Murphy / Ritchie Balmer\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCornhill Capital Ltd (Joint Broker)\n\n\n+44 (0) 20 7710 9610\n\n\n\n\nNick Bealer / Colin Rowbury\n \n\n\n \n\n\n\n\nWalbrook PR (Financial PR)\n\n\n+44 (0) 20 7933 8797\n\n\n\n\nGary Middleton / Nick Rome\n\n\n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEAPKEAAFKEFF\n ","length":3612,"tagName":"div"}]