Nostra Terra CEO discusses future growth and investment strategy following £450,000 fundraise

Proactive - Interviews for investors

Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) CEO Paul Welch takes Proactive's Stephen Gunnion through the company's recent developments and future plans. Welch highlighted that Nostra Terra is an onshore US producer with primary assets in East Texas and legacy assets in South and West Texas. Since joining as CEO two months ago, Welch has overseen a significant restructuring, focusing on profitable assets and reducing general and administrative costs. Welch discussed the company's recent fundraise of £450,000 aimed at returning idle wells to production, which is expected to significantly boost daily production and cash flow. He also emphasised the potential of the Pine Mills field, which is projected to increase production and generate substantial revenue through optimised drilling techniques and 3D seismic analysis. Welch shared his excitement about the future, stating, "We think we have about 85 barrels a day that we can return to production, potentially doubling our current output." He also mentioned the company's focus on cost-effective operations, saying, "The more revenue we can generate, the more profitable the company becomes." Stay tuned to Proactive's YouTube channel for more updates from Nostra Terra and other industry insights. Don't forget to like, subscribe, and enable notifications for future content. #NostraTerra #OilAndGas #EnergySector #PaulWelch #ProductionExpansion #Investing #TexasOil #SeismicAnalysis #RevenueGrowth #Fundraise #ProactiveInvestors #EnergyNews #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews