{"id":10246,"date":"2021-04-22T21:31:14","date_gmt":"2021-04-22T21:31:14","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=10246"},"modified":"2021-04-22T21:31:14","modified_gmt":"2021-04-22T21:31:14","slug":"tunisia-nostra-terra-inches-closer-to-potential-portfolio-expansion","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tunisia-nostra-terra-inches-closer-to-potential-portfolio-expansion\/","title":{"rendered":"TUNISIA: Nostra Terra Inches Closer to Potential Portfolio Expansion"},"content":{"rendered":"

Nostra Terra has<\/span> announced progress with the planned strategic expansion of its portfolio into Tunisia<\/span>. Exclusive negotiations and preparations have taken place for a large block with existing discoveries, offering both exploration and appraisal activity and new entities have been organised in anticipation of such expansion.<\/span>\u00a0<\/span><\/p>\n

Completion of the initial transaction is not certain, however Nostra Terra has exclusivity, has negotiated terms and is waiting final approval.<\/span>\u00a0Further updates will be made in due course.<\/span><\/p>\n

\u00a0<\/span>Matt Lofgran<\/span>, Nostra Terra’s\u00a0Chief Executive Officer, said:<\/span>\u00a0<\/span><\/p>\n

“Our core focus at Nostra Terra has been to first build a foundation of steady producing assets where cashflow covers overhead and can be reinvested in growth. We know investors like to see assets that have large potential upsides so that they can deliver substantial value. We said that we planned to add that aspect to the portfolio once we reached cashflow positive.<\/span>\u00a0<\/span><\/p>\n

In anticipation of where we are now, we\u00a0<\/span>began working on certain opportunities in the Spring of 2020, when commodity prices were low, caused by the onslaught of the Covid pandemic, creating a great opportunity to invest. We are leveraging the board’s extensive experience and network, and we look forward to adding a dynamic asset to the portfolio, with no near term external funding needs, and the ability to have a very positive impact.”<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Nostra Terra has announced progress with the planned strategic expansion of its portfolio into Tunisia. Exclusive negotiations and preparations have taken place for a large block with existing discoveries, offering … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[9268,9267,2578],"class_list":["post-10246","post","type-post","status-publish","format-standard","hentry","category-countries","category-north-africa","category-top-news","tag-matt-lofgran","tag-nostra-terra","tag-tunisia","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2Fg","jetpack-related-posts":[{"id":10323,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tunisia-zenith-energy-completes-acquisition-of-the-el-bibane-and-robbana-concessions\/","url_meta":{"origin":10246,"position":0},"title":"TUNISIA: Zenith Energy Completes Acquisition of the El Bibane and Robbana Concessions","author":"","date":"May 13, 2021","format":false,"excerpt":"Zenith Energy has announced that\u00a0 Compagnie Du Desert Ltd, its fully owned subsidiary, has now\u00a0completed the acquisition\u00a0of a 100 percent interest in the fully owned subsidiary of Candax Energy Limited\u00a0 in Barbados, Ecumed Petroleum Tunisia Ltd (EPT), which holds a 100% interest in the El Bibane and Robbana concessions in\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/ECUMED-TUNISIA.jpg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/ECUMED-TUNISIA.jpg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/ECUMED-TUNISIA.jpg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/ECUMED-TUNISIA.jpg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10953,"url":"https:\/\/www.oilnewskenya.com\/index.php\/sirius-petroleum-provides-tunisia-assets-update\/","url_meta":{"origin":10246,"position":1},"title":"Sirius Petroleum Provides Tunisia Assets Update","author":"","date":"September 30, 2021","format":false,"excerpt":"On 7 November 2020, we announced the execution of agreements related to the proposed acquisition of an economic interest of up to 40% in Anglo Tunisia Oil & Gas Limited (ATOG). ATOG owns a balanced portfolio comprising production, development and exploration interests in five onshore projects in the Ghadames basin,\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Tunisia-Sirius.jpg?fit=635%2C589&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Tunisia-Sirius.jpg?fit=635%2C589&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Tunisia-Sirius.jpg?fit=635%2C589&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12986,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tunisia-production-starts-at-the-tataouine-photovoltaic-plant\/","url_meta":{"origin":10246,"position":2},"title":"TUNISIA: Production Starts at the Tataouine Photovoltaic Plant","author":"","date":"December 15, 2022","format":false,"excerpt":"Eni has announced the beginning of production at the photovoltaic plant under its operation in Tataouine, southern Tunisia, following connection to the national grid. 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The\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Tunisia-tataouineI-photovoltaic-plant.jpg?fit=1000%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Tunisia-tataouineI-photovoltaic-plant.jpg?fit=1000%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Tunisia-tataouineI-photovoltaic-plant.jpg?fit=1000%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Tunisia-tataouineI-photovoltaic-plant.jpg?fit=1000%2C600&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8309,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tunisia-zenith-energy-makes-first-payment-to-kufpec-for-sidi-el-kilani\/","url_meta":{"origin":10246,"position":3},"title":"TUNISIA: Zenith Energy Makes First Payment to KUFPEC for Sidi El Kilani","author":"","date":"June 11, 2020","format":false,"excerpt":"Zenith Energy has announced that it has made payment for a total of US$250,000 to Kuwait Foreign Petroleum Exploration Company K.S.C.C (KUFPEC), a subsidiary of the State of Kuwait's national oil company, in relation to the acquisition of a 22.5% working interest in the North Kairouan permit and the Sidi\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/TINISIA-SIDI-EL-KILANI.jpg?fit=399%2C530&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11692,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tunisia-zenith-energy-to-drill-additional-wells-in-the-ezzaouia-robbana-concessions\/","url_meta":{"origin":10246,"position":4},"title":"TUNISIA: Zenith Energy to Drill Additional Wells in the Ezzaouia & Robbana Concessions","author":"","date":"January 24, 2022","format":false,"excerpt":"Ezzaouia Concession The Ezzaouia concession is producing approximately 500 barrels of oil per day and 18 MSCF of natural gas at a stable rate. 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