LONDON - Nostra Terra Oil and Gas Company Plc, an international oil and gas exploration and production company, announced that Bono Energy Group Ltd has increased its shareholding in the company. As of December 12, 2024, Bono Energy now holds 157,750,000 shares, equivalent to a 3.38% stake in Nostra Terra. This is a significant increase from the 87,750,000 shares, or 8.59% stake, they held as of January 25, 2024.
The announcement comes as Nostra Terra, which trades on the AIM market under the ticker AIM:NTOG, continues to focus on its Pine Mills asset in Texas, USA. The company did not disclose the financial details of the transaction.
Paul Welch, CEO of Nostra Terra, expressed gratitude toward Bono Energy for their increased investment, stating, "I want to thank the team at Bono Energy for supporting NTOG by almost doubling their shareholding in NTOG throughout 2024."
The company has also made available a new PowerPoint presentation on its website and referenced a recent live presentation by the CEO at a ProActive Investors Forum, which can be viewed online.
The notification of major holdings, which triggered the announcement, is a regulatory requirement indicating changes in significant share ownership. Bono Energy Group, based in Tortola, British Virgin Islands, does not control any other undertakings holding an interest in Nostra Terra.
The information provided in this article is based on a press release statement from Nostra Terra Oil and Gas Company Plc.
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