- Nostra Terra has increased the number of permit applications for the US Permian Basin to three from one after securing a new loan.

Legal completion of a senior lending facility was expected to take place before the end of January, providing immediate access to $1.2m of funding.

"The increase in the number of permitted drilling locations would enable Nostra Terra to drill new wells in quicker succession," the company said.

At 9:43am: [LON:NTOG] Nostra Terra Oil Gas Company PLC share price was +0.75p at 5.3p

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