Mesquite Farm-In Data Room Opened

29 January 2019

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Mesquite Farm-In Data Room Opened

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to announce the opening of a data room for parties interested in farming into the Mesquite Asset in the Permian Basin ("Mesquite").

Mesquite Field Development Plan

As previously announced (21 January 2019), Trey Resources ("Trey") has delivered the first complete iteration of the Mesquite Field Development Plan ("FDP"). This FDP covers the initial 1,384 net acres at Mesquite, in which Nostra Terra has a 100% working interest (the "Initial Acreage").

Based on Trey's analysis, Nostra Terra has concluded that the Initial Acreage contains 2,400,000 barrels of recoverable oil. Using Trey's current and mid-case estimates, Nostra Terra has assigned a US$21,600,000 NPV10 valuation to the Initial Acreage at current strip pricing and a US$28,600,000 NPV10 at US$60 oil. Using these prices, the Company calculates that Mesquite delivers an Internal Rate of Return ("IRR") of between 34% and 46%.

Trey will work on future iterations of the Mesquite FDP, as Nostra Terra secures more acreage. However, in the meantime the Company is now able to commence farm-in discussions with interested parties. Nostra Terra has already received several unsolicited approaches from potential industry partners concerning Mesquite.

Data Room & Mesquite Area of Mutual Interest ("AMI")

To facilitate farm-in discussions, Nostra Terra has prepared a data room. This contains complete records of the analysis conducted by Trey and Nostra Terra in their assessments of Mesquite and the surrounding area. This includes a 15 square mile volumetric map and details of the in-house regional petrophysical analysis, which Trey used to create effective porosity, water saturation and net maps to build the volumetric model (the "AMI").

This AMI presents a significant expansion opportunity for Nostra Terra and any possible future farm-in partner.

Nostra Terra will now make the data room available to interested parties, subject to confidentiality.

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

"Now that we have the first complete iteration of the Mesquite Field Development Plan, we are in a position to commence farm-in discussions. Mesquite is an extremely ambitious project for a company of Nostra Terra's size, with a great deal of potential to expand the current acreage.

Teaming up with the right industry partner could unlock substantial value for shareholders, both in terms of the current NPV10 estimates and securing a much greater regional footprint."

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

Competent Person Disclosure

John Stafford, a Director at Nostra Terra with over 35 years relevant experience in the oil industry, has reviewed this announcement for the purposes of the current Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in June 2009. Mr. Stafford is a Fellow of the Geological Society and a member of the Petroleum Exploration Society of Great Britain.

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