Nostra Terra Oil and Gas #LON:NTOG Up 119% Today As It Secures Hedging facility with BP

Nostra Terra Oil and Gas

NTOG 0,35 +0,03 +7,69%

Market Cap: £2.33M
Price: 2.90 GBX



Nostra Terra Oil and Gas Company plc is engaged in the exploitation of hydrocarbon resources in the United States midcontinent and Egypt. The Company’s segments include US mid-continent and Head office

This is a stock that I added to my portfolio back in June   – Since which time it was in a steady decline. Oil exploration is always hit or bust but the sharp increase today shows its binary nature with a 119% increase in the stock price. The news of securing hedging with BP, although a deal has been in the pipeline for quite some time is looking finally to come to fruition   – it will be interesting to see what happens here over the coming days


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