Nostra Terra Oil and Gas : Dallas Operations Office

RNS Number : 1486L

Nostra Terra Oil & Gas Company PLC 21 December 2018

21 December 2018

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Nostra Terra opens Dallas Operations Office

Nostra Terra (AIM:NTOG), the oil and gas explora&on and produc&on company with a por)olio of assets in the USA and Egypt, is pleased to announce that the Company has opened a new permanent operations office in Dallas, Texas.

Since 2016, as Nostra Terra has grown its por)olio of producing oil assets in Texas, the Company has outsourced many opera&onal and business development func&ons. This flexible approach has enabled Nostra Terra to manage its costs, as the Company grew.

However, with the acquisi&on and development of the Mesquite Prospect, Nostra Terra an&cipates a significant increase in its opera&ng ac&vity in the Permian Basin during 2019. As such, the Company is increasing its in-house opera&onal capabili&es, both to support be9er management of its producing oil assets and to assess new acquisition opportunities.

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

"As we enter 2019, Nostra Terra is well posi oned to execute the next phase of its growth strategy. We expect to receive the engineered economics report of the Mesquite Field Development Plan by mid January. Assuming this is in line with our expecta ons, it is important that we prepare the Company to move quickly to take advantage of this. There is a great deal of regional compe ve interest in opening new plays in the Permian Basin, so now is the right time to increase our in-house capabilities."

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

For further information, visitwww.ntog.co.uk or contact:

Nostra Terra Oil and Gas Company plc

Tel:

[phone]

Matt Lofgran, CEO

Strand Hanson Limited

Tel:

[phone]

(Nominated & Financial Adviser and Joint Broker)

Rory Murphy / Ritchie Balmer / Jack Botros

Smaller Company Capital Limited (Joint Broker)

Tel:

[phone]

Rupert Williams / Jeremy Woodgate

About the Mesquite Prospect

The Mesquite Prospect is in West Texas and covers 1,384 net acres in the prolific Permian Basin. The Mesquite Prospect is proven to produce from mul&ple, stacked-pay reservoirs. Nostra Terra has identified 8 targets to drill horizontal wells across the Mesquite leases.

The target forma&ons at the Mesquite Prospect are "&ght", meaning the oil-bearing rock forma&ons are of low permeability. As such, the target forma&ons have characteris&cs that make them ideal targets for horizontal drilling and have delivered substan&al oil produc&on in other areas of the Permian Basin. Comparable regional horizontal drilling has delivered ini&al oil produc&on rates of 200-300bopd per well.

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