{"id":646556,"date":"2017-06-18T04:09:45","date_gmt":"2017-06-18T04:09:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/"},"modified":"2017-06-18T04:09:45","modified_gmt":"2017-06-18T04:09:45","slug":"echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/","title":{"rendered":"Echo Energy sells 25% stake in East Ghazalat to partner Nostra Terra"},"content":{"rendered":"<p>Echo Energy is selling its 25% stake in the East Ghazalat concession to its partner Nostra Terra Oil & Gas for USD 500k, <a href=\"http:\/\/www.proactiveinvestors.co.uk\/companies\/news\/179286\/echo-energy-to-exit-eypt-project-through-stake-sale-to-partner-nostra-terra\">Proactive Investors<\/a> reports. USD 100k will be paid after EGPC approves the sale, with the rest paid in two USD 200k tranches. \u201cThis acquisition represents a significant milestone for Nostra Terra, as we have added just over [1 mn] barrels of 2p reserves to our asset portfolio for a total cost of [USD 1.09 per bbl of oil],\u201d Nostra Terra CEO Matt Lofgran said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Echo Energy is selling its 25% stake in the East Ghazalat concession to its partner Nostra Terra Oil &#038; Gas for USD 500k, Proactive Investors reports. USD 100k will be paid after EGPC approves the sale, with the rest paid in two USD 200k tranches. \u201cThis acquisition represents a significant milestone for Nostra Terra, as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646556","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"dc5ef46a-1fe8-4e2f-a20a-a5fa8fafd401","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[646528],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Echo Energy sells 25% stake in East Ghazalat to partner Nostra Terra - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Echo Energy sells 25% stake in East Ghazalat to partner Nostra Terra\" \/>\n<meta property=\"og:description\" content=\"Echo Energy is selling its 25% stake in the East Ghazalat concession to its partner Nostra Terra Oil &amp; Gas for USD 500k, Proactive Investors reports. USD 100k will be paid after EGPC approves the sale, with the rest paid in two USD 200k tranches. \u201cThis acquisition represents a significant milestone for Nostra Terra, as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-18T04:09:45+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Echo Energy sells 25% stake in East Ghazalat to partner Nostra Terra\",\"datePublished\":\"2017-06-18T04:09:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/\"},\"wordCount\":94,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/\",\"name\":\"Echo Energy sells 25% stake in East Ghazalat to partner Nostra Terra - 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The London Court of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593194,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/20\/nostra-terra-to-exit-east-ghazalat-to-settle-oil-payments-dispute\/","url_meta":{"origin":646556,"position":2},"title":"Nostra Terra to exit East Ghazalat to settle oil payments dispute","author":"enterpriseam admin","date":"20 November 2019","format":false,"excerpt":"DISPUTE WATCH- Nostra Terra to exit East Ghazalat oil concession to settle payments dispute: Nostra Terra Oil & Gas subsidiary Nostra Terra Inc (NTI) has agreed to hand over its 50% non-operating stake in the Egyptian East Ghazalat concession to North Petroleum International Company in order to settle an ongoing\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597819,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/thailands-ptt-energy-resources-files-usd-1-bn-lawsuit-against-govt-over-emg\/","url_meta":{"origin":646556,"position":3},"title":"Thailand\u2019s PTT Energy Resources files USD 1 bn lawsuit against gov\u2019t over EMG","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"EXCLUSIVE- Thailand\u2019s PTT Energy Resources has filed a USD 1 bn lawsuit against Egypt over EMG: Thai state-owned energy company PTT Energy Resources is seeking USD 1 bn in damages in a suit filed in the Administrative Court against the Egyptian government. 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