Nostra Terra Oil and Gas completes fundraise as it advances Pine Mills workovers

Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) CEO Paul Welch talked with Proactive's Stephen Gunnion about the company’s latest developments, including its recently completed £500,000 fundraise. The funds will be used to complete the phase two workover program at Pine Mills, addressing well integrity issues and optimising oil production. Welch highlighted that the company is currently profitable at existing oil prices and remains focused on maximising the potential of Pine Mills before exploring new opportunities. He also discussed the ongoing technical evaluation of the Fouke three location with their partner, with further updates expected. Welch noted that the water flood program, which restarted in September, has exceeded expectations, leading to increased oil production. As a result, part of the funds raised will go towards upgrading two pumping units to support higher output. Looking ahead, Welch emphasised that Nostra Terra is focused on maintaining a solid, profitable base while evaluating further growth opportunities. He pointed out that the company has additional behind-pipe opportunities and untapped potential within Pine Mills, positioning it for continued success. For more updates on Nostra Terra Oil and Gas, visit Proactive's YouTube channel. Don’t forget to like this video, subscribe, and turn on notifications for more interviews and insights. #NostraTerra #OilAndGas #EnergyInvesting #OilProduction #Fundraising #Investing #StockMarket #EnergySector #OilIndustry #TexasOil