Well #1 on the Oktyabrskoe Field Returned to Jo...

Nostra Terra Oil and Gas Company plc Well #1 on the Oktyabrskoe Field Returned to Joint Venture 12 February 2008 Nostra Terra Oil and Gas Company plc is pleased to report that in accordance with the previous agreement with Nak Nadra "Krymgeologia" signed on February 5, 2008 Oktyabrskoe #1 was returned to the Joint Activity (JAA) effective February 7, 2008. Well number one is a producing oil well and proceeds form the sale of oil from the well will be distributed in accordance with the JAA. It is expected that the well will produce in line with its production history of between 450 to 660 barrels of oil per month. For further information contact: Nostra Terra Oil and Gas Company plc Brian Courtney, Chief Executive Officer bcourtney@ntog.co.uk Stephen Oakes, Non-executive Director Tel: +44 (0)207 877 8788 Blomfield Corporate Finance Limited Tel: +44 (0)20 7512 0191 Alan MacKenzie Ben Jeynes