Source - RNS
RNS Number : 7691I
Nostra Terra Oil & Gas Company PLC
21 June 2017
 

21 June 2017

 

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

 

Initial response to MAGP's announcement re EGM

Nostra Terra notes the announcement made yesterday by Magnolia Petroleum Plc ("Magnolia" or "MAGP") and the publication of a circular convening a General Meeting of Magnolia on 18 July 2017 ("Circular").

In the coming days Nostra Terra will release a full response to Magnolia's announcement, correcting what Nostra Terra believes to be factual inaccuracies in the MAGP announcement and Circular and addressing what Nostra Terra believes to be the fundamental challenges facing MAGP. Given its operational and commercial experience in the onshore oil and gas market in the United States, Nostra Terra believes that Magnolia is pursuing the wrong strategy and that it is well placed to assist Magnolia in restructuring its business model and delivering shareholder value.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

 

For further information, visit www.ntog.co.uk or contact:

 

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

 


+1 480 993 8933


Strand Hanson Limited

(Nominated & Financial Adviser and Joint Broker)


+44 (0) 20 7409 3494


 

Rory Murphy / Ritchie Balmer / Jack Botros




 

Smaller Company Capital Limited (Joint Broker)


+44 (0) 20 3651 2910


 

Rupert Williams / Jeremy Woodgate

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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