Nostra Terra Oil & Gas Company PLC Additional Chisholm Trail Well Spud (0994V)

TIDMNTOG

RNS Number : 0994V

Nostra Terra Oil & Gas Company PLC

23 October 2014

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 18(th) 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

   [e-mail]                                         Telephone: [phone] 

Northland Capital Partners Ltd

(Nominated Adviser)

   Matthew Johnson / Lauren Kettle                         Telephone: [phone] 

Hume Capital Securities plc (Broker)

   Jon Belliss / Abigail Wayne                                Telephone: [phone] 

Lothbury Financial Services Limited

   Gary Middleton / Michael Padley                         Telephone: [phone] 

This information is provided by RNS

The company news service from the London Stock Exchange

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