Nostra Terra Oil and Gas on doubling of oil production at Pine Mills, future plans

Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) CEO Paul Welch takes Proactive's Stephen Gunnion through the latest production and operational update, highlighting the success of the Phase 2 workover program at Pine Mills. Welch revealed that production peaked at 106 barrels per day, with the latest rate at 99 barrels per day, nearly doubling the field's output since the start of the program. Discussing the company’s progress, Welch explained, "We’re knocking on 100 barrels a day from Pine Mills. It’s really been a turnaround." He emphasised that enhanced productivity is a result of restarting the water flood in the north, which boosted well fluid movement, with bigger pumping units expected to further improve output. The Fouke wells are also delivering strong results, maintaining a steady 100 barrels per day from two wells. Welch noted that this consistency provides confidence in the potential of new production areas. Additionally, Nostra Terra remains cash flow positive at both operational and company levels, with future milestones including drilling at Fouke, seeking new opportunities at Pine Mills, and exploring potential acquisitions in Texas. For more insights and updates from Nostra Terra Oil and Gas Company PLC, visit Proactive’s YouTube channel. Don’t forget to like the video, subscribe to our channel, and turn on notifications for future content! #NostraTerra #OilAndGas #EnergySector #PineMills #TexasOil #PaulWelch #OilProduction #Investing #CashFlow #FoukeWells #Proactive