Sign In  |  Register  |  About San Anselmo  |  Contact Us

San Anselmo, CA
September 01, 2020 1:33pm
7-Day Forecast | Traffic
  • Search Hotels in San Anselmo

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Nostra Terra CEO Paul Welch on company's new direction

Nostra Terra Oil & Gas Company PLC CEO Paul Welch talked with Proactive about the company's latest developments and strategic direction. Welch, who stepped up as CEO recently, shared insights into Nostra Terra’s focus on long-life conventional production in East Texas. Highlighting the primary asset, the Pine Mills Field, Welch discussed the potential to double production by revitalizing existing wells.

Welch also explained the company’s divestment strategy, selling off assets in South and West Texas to concentrate resources and investments in East Texas. This move aims to enhance profitability and streamline operations. He emphasized the critical role of newly appointed board member James Newman, whose extensive experience in rejuvenating mature assets aligns perfectly with Nostra Terra’s goals.

Welch noted the company sees the potential double production by turning on wells that have been shut in for some time. This strategic shift, along with updated company presentations and plans for future expansions, sets a promising trajectory for Nostra Terra.

For more videos, visit Proactive's YouTube channel, give the video a like, subscribe to the channel, and enable notifications for future content.

Contact Details

Proactive North America

Proactive North America

+1 604-688-8158

NA-editorial@proactiveinvestors.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanAnselmo.com & California Media Partners, LLC. All rights reserved.