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Druces advises Nostra Terra Oil and Gas Company plc on its £500,000 placing

Druces’ Capital Markets team has advised Nostra Terra Oil and Gas Company plc, on the completion of an oversubscribed fundraise of £500,000 with institutional and professional investors.

The net proceeds of the fundraise will be used on a new farm-in oil producing asset in the Permian Basin in West Texas, the upcoming well in East Texas at Pine Mills, and for general working capital purposes including evaluation of other potential acquisitions or development of assets such as Caballos Creek.

Druces’ Capital Markets Partner, Dominic Traynor, led the Druces’ team which included Jack Kemmish (Senior Associate) and Mark Lamph (Solicitor).

Matthew Lofgran, Chief Financial Officer of Nostra Terra commented:

“It’s always great to work with people that you can rely on. Druces worked as an integral part of our team, working seamlessly with our company and other advisors, helping create a great result for Nostra Terra’s shareholders”.

Further information

You can find further details of the placing at: 

If you would like to speak to a member of our Capital Markets team, please follow the links below: