Matt Lofgran, CEO of Nostra Terra Oil & Gas Plc (AIM:NTOG)
Matt Lofgran, CEO of the AIM-listed onshore oil producer, Nostra Terra, speaks to Share Talk about their US and Egypt-based onshore assets.
Matt discusses his own working history before taking on a role at Nostra Terra and goes deeper into the company's strategy of buying none-operative assets and turning them into producing, operative assets where they can look at drilling new targets in the future.
Matt talks about the current value of the company assets vs market capitalisation and also notes the recent investment into Magnolia Petroleum (AIM:MAGP).
Matt also gives a frank overview of the current cash situation at NTOG and tells us what the recent £500k placing will be used for and how he intends to increase the value of the company for shareholders.
#NTOG #Oil #Gas #Energy