It’s a funny old world. Rumours of oil flowing at Nostra Terras’ first Verde well,10 million barrel Bale Creek play and Further asset buying fueled yesterdays and todays spike in sp. So just what’s going on? It seems that dear old Matt Lofgran is on the missing list and can not be reached or more likely could he be keeping his own counsel due to market sensitive data about to be released? Or could the board be busily making more deals with cash from the recent placing and the £10 million SEDA facility in place? (It is £10 million forget the £5 million that’s a polite way of breaking the news gently). Has all this cash gone to Lofgran’s head? After all he always replied to emails from investors. Not so now! Will the putative Nostra emerge as a beautiful butterfly?
I rang around for some views and I’ve even emailed Lofgran asking him several questions which as yet remain un-answered. The main one being Can you confirm or deny the rumour that the first Oklahoma drill in Bale creek is targeting up to 10 million barrels? As of yet there’s NO reply. Of course it could just be mere rumour and market gossip but then again it’s certainly worth further research. There’s something afoot here!
Eyes on Nostra. Looks like there’s movement of a kind.