- US and Egypt focused oil company Nostra Terra said it had opened a new permanent operations office in Dallas.

The move comes after the company established itself in Texas in 2016, though it had previously outsourced operational functions to save on costs.

'However, with the acquisition and development of the Mesquite prospect, Nostra Terra anticipates a significant increase in its operating activity in the Permian Basin during 2019,' it said.

'As such, the company is increasing its in-house operational capabilities, both to support better management of its producing oil assets and to assess new acquisition opportunities.'

At 9:01am: [LON:NTOG] Nostra Terra Oil Gas Company PLC share price was +0.1p at 2.55p

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