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Nostra Terra
Nostra Terra was formed to develop former Soviet Union oil and gas wells in the Oktyabrskoe licence area in Crimea, an autonomous republic in Ukraine.
Ukrainian Oil and Gas assets moving to cash generation
First two reopened Ukranian wells confirm historic records
Initially will develop 7 wells with 29 in the pipeline
Recent placing should fund Well 1, and company looks cash positive now
Fair value for first phase of investment is 1.665p / share vs current 1.2p
Publication Date:
May 20 2008