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Waiting for more drilling results from recent acquisitions and looking for fresh deals, US-focused Nostra Terra Oil and Gas (NTOG) is ‘now able to go for some bigger opportunities,’ declares chief executive officer Matt Lofgran, as the company digests last month’s agreement to obtain 1% of the 35,000-acre San Miguel property in South Texas. He says Nostra Terra, which doubled production last year to 35,380 barrels of oil equivalent, hopes to benefit from the depressed state of the oil market by picking up more hoped-for bargains, after securing the White Buffalo prospect in Wyoming and acquiring two properties on the sought-after 870 million-acre Eagle Ford oil shale trend in South Texas.
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