NOSTRA TERRA OIL AND GAS COMPANY PLC
("Nostra Terra", "NTOG" or the "Company")
Hoffman Completion
Additional Acreage
12 February 2009
Further to the announcement made on 8 February 2010, the Company is pleased to
announce that it has made the final US$275,000 consideration payment in respect
of the Hoffman property and now owns a 25 per cent working interest.
Nostra Terra is also pleased to announce that it has increased its acreage in
the Trapp field by an additional 160 acres, located near the Company's Hoffman
property. The lease over the additional acreage was acquired jointly with Hewitt
Petroleum Inc. (operator of Nostra Terra's Kansas properties) with each party
owning 50 per cent.
"We are happy to have completed the acquisition of NTOG's full 25 per cent
working interest at Hoffman," said Matt Lofgran, CEO of Nostra Terra. "In
addition, this new acquisition doubles our gross acreage in the Trapp field.
The property is very well positioned and we continue to look for additional
property in the Trapp field."
For further information contact:
Nostra Terra Oil and Gas Company plc Tel: +1 480 993 8933
Matt Lofgran, CEO
mlofgran@ntog.co.uk
Blomfield Corporate Finance Ltd Tel: +44 (0)20 7444 0800
Peter Trevelyan-Clark/Ben Jeynes
Alexander David Securities Ltd Tel: +44 (0)20 7448 9820
David Scott/Bill Sharp/Nick Bealer
Announcements made by the Company are available automatically by email to those
who register at www.ntog.co.uk.
Notes to Editors:
Nostra Terra Oil & Gas Company plc (AIM: NTOG) is an emerging oil and gas
exploration and production company with newly acquired assets in established
producing regions within the US mid-continent. The Company's US properties are
all located in Kansas, in the Central Kansas Uplift (CKU). Bloom is located in
Rice County, Boxberger in Russell County, Hoffman in adjacent counties of
Barton and Russell, and Koelsch (where the Company has an option) in Stafford
County.
Hoffman
Nostra Terra holds a 25 per cent working interest in five production wells
and one salt water disposal well on the Hoffman lease, located in Barton County
and Russell County, Kansas.
Bloom
Nostra Terra holds a 50 per cent working interest in nine production wells and
two salt water disposal wells on the Bloom lease, located in Rice County,
Kansas.
Boxberger
Nostra Terra holds a 50 per cent working interest in eleven wells, including at
least two salt water disposal wells, on the Boxberger property, located in
Russell County, Kansas.
Koelsch (option)
Nostra Terra also has an option to purchase from HPI - 50 per cent working
interest in two production wells and one salt water disposal well in the Koelsch
lease, also located in Strafford County, Kansas.
Ukraine
Nostra Terra also holds an interest in a license to further explore and develop
the onshore Oktyabrskoe oil field in Ukraine. The advanced recovery technology
which the Company and its joint venture partner are exploiting in the US mid-
continent may eventually be used to enhance the economic viability of this
Ukrainian reservoir but rapid and profitable development of its US business is
now Nostra Terra's primary focus.
For more information please visit: www.ntog.co.uk