Nostra Terra Regulatory News (NTOG)

24 January 2020

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Update regarding Requisition to Convene a General Meeting

Further to the Company's announcement of 17 January 2020, the Board of Nostra Terra announces that the requisition from Eridge Capital Limited, dated 15 January 2020, to convene a general meeting ("GM") of the Company's shareholders, is deemed to be valid.

Accordingly, the Company will, no later than 5 February 2020, be posting a circular convening the GM to shareholders.

Further announcements will be made in a due course.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For further information, contact:

About Nostra Terra

Nostra Terra is seeking to increase oil production and reserves through both organic growth and strategic acquisitions, utilising the latest drilling and completion techniques.

Nostra Terra's core asset is a 100% working interest in the Mesquite asset located in the prolific Permian Basin, West Texas. The Mesquite asset covers 1,984 net acres with estimated proven recoverable reserves of 2.4mmbbls.

In addition, Nostra Terra has a 100% working interest in the well-established East Texas region, and interests in three additional Permian Basin properties in close proximity to Mesquite and is currently producing from two wells. The first well reached pay-out in less than one year.

The Permian Basin, which covers 75,000 square miles over West Texas and southeast New Mexico, is the most prolific oil producing basin in the country. 

For further information, please visit our website: www.ntog.co.uk.