Business
Hoffman Completion and Additional Acreage
Hoffman Completion and Additional Acreage.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n NOSTRA TERRA OIL AND GAS COMPANY PLC\n (\"Nostra Terra\", \"NTOG\" or the \"Company\")\n\n Hoffman Completion\n Additional Acreage\n\n12 February 2009\n\nFurther to the announcement made on 8 February 2010, the Company is pleased to\nannounce that it has made the final US$275,000 consideration payment in respect\nof the Hoffman property and now owns a 25 per cent working interest.\n\nNostra Terra is also pleased to announce that it has increased its acreage in\nthe Trapp field by an additional 160 acres, located near the Company's Hoffman\nproperty. The lease over the additional acreage was acquired jointly with Hewitt\nPetroleum Inc. (operator of Nostra Terra's Kansas properties) with each party\nowning 50 per cent.\n\n\"We are happy to have completed the acquisition of NTOG's full 25 per cent\nworking interest at Hoffman,\" said Matt Lofgran, CEO of Nostra Terra. \"In\naddition, this new acquisition doubles our gross acreage in the Trapp field.\nThe property is very well positioned and we continue to look for additional\nproperty in the Trapp field.\"\n\n\n\nFor further information contact:\n\nNostra Terra Oil and Gas Company plc Tel: +1 480 993 8933\nMatt Lofgran, CEO\[email protected]\n\nBlomfield Corporate Finance Ltd Tel: +44 (0)20 7444 0800\nPeter Trevelyan-Clark/Ben Jeynes\n\nAlexander David Securities Ltd Tel: +44 (0)20 7448 9820\nDavid Scott/Bill Sharp/Nick Bealer\n\n\nAnnouncements made by the Company are available automatically by email to those\nwho register at www.ntog.co.uk.\n\nNotes to Editors:\n\nNostra Terra Oil & Gas Company plc (AIM: NTOG) is an emerging oil and gas\nexploration and production company with newly acquired assets in established\nproducing regions within the US mid-continent. The Company's US properties are\nall located in Kansas, in the Central Kansas Uplift (CKU). Bloom is located in\nRice County, Boxberger in Russell County, Hoffman in adjacent counties of\nBarton and Russell, and Koelsch (where the Company has an option) in Stafford\nCounty.\n\nHoffman\nNostra Terra holds a 25 per cent working interest in five production wells\nand one salt water disposal well on the Hoffman lease, located in Barton County\nand Russell County, Kansas.\n\nBloom\nNostra Terra holds a 50 per cent working interest in nine production wells and\ntwo salt water disposal wells on the Bloom lease, located i...