Nostra Terra CEO on loan renewal & growth plans

Proactive - Interviews for investors

Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) CEO Paul Welch talked with Proactive's Stephen Gunnion about the company’s successful renewal of its $10 million senior lending facility for another three years. Welch highlighted that the facility, held by WAFD Bank, provides significant financial flexibility, with only $4.25 million currently drawn. The interest rate remains favourable at 7.5%, aligning with the company’s cash flow growth. Welch explained that the borrowing base determination, conducted in December, did not factor in recent production increases. With output up over 60%, he expects a significant boost in borrowing capacity in the next review. However, he emphasised that the company is primarily focused on cash generation and production expansion rather than relying on debt. Discussing operations, Welch confirmed that phase one of Nostra Terra’s work program is complete, with phase two well underway. Two wells are already finished, with one set to begin production soon. The company will take a short break to address maintenance tasks before continuing further drilling activities. Favourable oil prices and cooperative weather have supported strong operational progress. Watch the full interview to get the latest insights. Don’t forget to like, subscribe, and turn on notifications for more updates from Proactive. #NostraTerra #OilAndGas #EnergySector #PaulWelch #OilInvestment #StockMarket #EnergyStocks #ProactiveInvestors #OilExploration #DrillingOperations