Business
Q2 Production and Operations Update
Q2 Production and Operations Update.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \n \n \n 1 September 2022\n \n \n \n \n \n \n \n \n \n Nostra Terra Oil and Gas Company Plc\n \n \n \n \n (\"Nostra Terra\" or \"the Company\")\n \n \n \n \n \n \n \n \n \n Q2 Production and Operations Update\n \n \n \n \n Superb Results - 33% increase in Revenue, 22% increase in Production\n \n \n \n \n \n \n \n \n \n \n \n Nostra Terra (AIM: NTOG), the international oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA,\n \n is pleased to provide a production and operations update for the Company.\n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n ·\n 33% increase in Q2 Company revenue ($1,141,739 Q2-22 vs $810,699 Q1-22)\n \n \n ·\n Highest quarterly revenue in Company history\n \n \n ·\n 22% increase in Q2 average net daily production (125 bopd Q2-22 vs 102 bopd Q1-22)\n \n \n ·\n 7% increase in Q2 oil sales price per bbl ($98.28 Q2-22 vs $94.43 Q1-22) \n \n \n \n \n \n \n Production\n \n \n \n During the second quarter net sales were 11,260 barrels (100% oil) resulting in $1,141,739 of revenue with the average realised sales price for the period being $104.97 per barrel. Production volumes were higher in Q2 22 vs Q1 22 due primarily to the addition of the Fouke #2 well in May.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Production (Sales) - Bbls\n \n \n \n \n \n \n $USD\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross \n \n \n \n \n (Monthly)\n \n \n \n \n \n \n NTOG - Net (Monthly)\n \n \n \n \n \n \n NTOG - Net\n \n \n \n \n (Daily)\n \n \n \n \n \n \n NTOG Net Revenue\n \n \n \n \n \n \n \n April 2022\n \n \n \n \n 6,726\n \n \n \n \n 3,510\n \n \n \n \n 117\n \n \n \n \n $313,382\n \n \n \n \n \n \n May 2022\n \n \n \n \n 9,960\n \n \n \n \n 4,116\n \n \n \n \n 133\n \n \n \n \n $437,490\n \n \n \n \n \n \n June 2022\n \n \n \n \n 9,108\n \n \n \n \n 3,634\n \n \n \n \n 117\n \n \n \n \n $390,867\n \n \n \n \n \n \n \n Q2-22 TOTAL\n \n \n \n \n \n \n 25,795\n \n \n \n \n \n \n 11,260\n \n \n \n \n \n \n 124\n \n \n \n \n \n \n $1,141,739\n \n \n \n \n \n \n \n \n \n \n Sales figures are based on an accruals basis and may vary slightly from actuals.\n \n \n The Company continues to produce strong and increasing cashflow.\n \n \n \n \n \n \n Operations\n \n \n \n  ...