Nostra Terra Oil and Gas (GB:NTOG) has released an update.
Nostra Terra Oil and Gas Company has significantly boosted its production and profitability at the Pine Mills Field in Texas, thanks to a successful workover program and cost reduction strategies. The company’s oil production has increased by 60%, while operating costs have been slashed by 25%, resulting in higher netbacks and cash flow positivity at both the operating and corporate levels. With new development locations identified, Nostra Terra is poised for further growth and enhanced field performance.
For further insights into GB:NTOG stock, check out TipRanks’ Stock Analysis page.
