Nostra Terra Regulatory News (NTOG)

3 May 2016

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Update on Proposed Acquisition

and Institutional Investor

Further to the announcement of 5 April 2016 regarding the proposed acquisition of a 60% interest in producing assets in the Permian Basin of New Mexico from Alamo Resources II, LLC ("Proposed Acquisition"), Nostra Terra (AIM:NTOG) announces that a further extension to the closing to 31 May 2016 has been granted by an agreement dated 29 April 2016.

As payment for this extension, Nostra Terra will issue 282,143,375 new ordinary shares in the Company at 0.10 pence per share ("Shares") to Kayne Anderson Energy Fund V QP, L.P. immediately. The payment on closing of the Proposed Acquisition will be reduced by US$370,000. The Shares are subject to a 6 month lock-in from the closing date of the Proposed Acquisition.

The Company is pursuing a debt raise to finance the Proposed Acquisition and will make further announcements in this regard in due course.

Admission to Trading and Total Voting Rights

The Shares will rank pari passu in all respects with the Company's existing issued ordinary shares. Application will be made for the admission of the Shares to trading on AIM and it is expected that admission will occur and that dealings will commence at 8.00 a.m. on 9 May 2016.

Following Admission, the Company's issued share capital will consist of 4,110,347,691 Ordinary Shares with no Ordinary Shares held in treasury. Therefore the above figure of 4,110,347,691 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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

"We're pleased to have been granted the extension by the seller as we continue to progress towards closing, where we anticipate that it will be financed with debt. We're also very pleased to welcome Kayne Anderson as our new largest shareholder and institutional investor." 

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