Business
Recent Speculation
Recent Speculation.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \nRNS Number : 4155R Nostra Terra Oil & Gas Company PLC 25 October 2013 \n\nAIM: NTOG\n25 October 2013\n \nNostra Terra Oil and Gas Company plc\n(\"Nostra Terra\" or the \"Company\")\n \nRecent Speculation\n \n \nNostra Terra, the AIM quoted oil and gas producer with projects in the USA, comments on speculation about the Company in the context of the recent share price movement and significant volume of trades in recent days. \n \nThere has been recent speculation on certain message boards regarding a potential placing by the Company of new ordinary shares. These are false rumours and completely unfounded. The Company confirms that it has no intentions to undertake a placing.\n \nMatt Lofgran, Chief Executive Officer of Nostra Terra, commented:\n\"We previously announced that in January we had surpassed cash flow positive on an operational basis. This still remains the case, where free cash flow generated from production has been reinvested into additional wells throughout the year. Since that time we have also collected in excess of $1,400,000 from Richfield, and these funds will also be used for upcoming leasing and drilling.\"\n \n \n \n \n \nFor further information, visit www.ntog.co.uk or contact:\n \nNostra Terra Oil and Gas Company plc\nMatt Lofgran, CEO\[email protected] Telephone: +1 480 993 8933\n \nShore Capital & Corporate Limited (Nominated Adviser) \nBidhi Bhoma/ Toby Gibbs Telephone: +44 (0)20 7408 4090\n \nXCAP Securities plc (Broker) \nJon Belliss &...