Nostra Terra Oil and Gas (GB:NTOG) has released an update.
Nostra Terra Oil and Gas Company PLC reported a challenging first half of 2024 with revenue dropping to $938,000 and a loss of $792,000, compared to a profit in the same period last year. The company underwent significant changes, including a new CEO and strategic focus on the Pine Mills asset, with plans to enhance production and cash flow by year-end. They’ve also raised £450,000 to fund initiatives aimed at returning idle wells to production and improving overall operations.
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