Nostra Terra clarifies loan terms, stock rises

Nostra Terra Oil and Gas is up 0.5% this morning after rising as much as 5% following news of a loan extension it has given Hewitt Petroleum.

Nostra has granted the company a further 30 days to repay the final tranche of a $1.3m loan, the terms of which were originally announced in April.

Settlement is now expected by the end of this month, giving Nostra investors some confidence on forward cash flows.

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Nostra Terra shares have risen 6% over the last 30 days. Over the last year the stock has gained 23%.

BS