Nostra Terra Oil and Gas (GB:NTOG) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into GB:NTOG stock, check out TipRanks’ Stock Analysis page.