Nostra Terra Regulatory News (NTOG)

AIM: NTOG

23 October 2014

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Additional Chisholm Trail Well Spud

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a growing portfolio of assets in the USA, is pleased to announce the spudding of the 18th development well in which it has an interest in the Chisholm Trail Prospect, located in Oklahoma.

The Bollenbach 1-33H well (CT-16) has spudded and is drilling forward. The well will be drilled to an approximate 11,700 foot measured depth, at a true vertical depth ("TVD") of 7,180 feet, with a 4,200 foot lateral into the Hunton formation. Nostra Terra owns a 20.0% WI in the well (subject to minor potential adjustment) which is operated by Stephens Production Company. The total well cost is estimated at $4,154,000 ($830,800 net cost to Nostra Terra).

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented:

"Chisholm Trail has been a great prospect and we're excited to see this well already drilling ahead. Our working interest in this well, along with the CT14 (also 20% working interest) which will be reworked in coming weeks, could have a significant impact on our production.

"We're already cash flow positive, hence any additional production and revenue will have a positive impact on our plans going forward."

For further information, visit www.ntog.co.uk or contact:

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

mlofgran@ntog.co.uk Telephone: +1 480 993 8933

Northland Capital Partners Ltd

(Nominated Adviser) 

Matthew Johnson / Lauren Kettle Telephone: +44 (0)20 7382 1100 

Hume Capital Securities plc (Broker)

Jon Belliss / Abigail Wayne Telephone: +44 (0)20 3693 1470 

Lothbury Financial Services Limited

Gary Middleton / Michael Padley Telephone: +44 (0)20 3440 7620