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 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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Nostra Terra shares have risen 6% over the last 30 days. Over the last year the stock has gained 23%.
BS
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published