TIDMNTOG

RNS Number : 3056E

Nostra Terra Oil & Gas Company PLC

05 November 2020

7.00am 5 November 2020

Nostra Terra Oil and Gas Company Plc

("Nostra Terra" or "the Company")

Pine Mills - Operations Update

Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA is pleased to announce, further to the Company's RNS on 19 October 2020, that Cypress Minerals LLC ("Cypress") has received the drilling permit in preparation to drill the new well at the Company's Pine Mills oil field.

Drilling is permitted to a total depth of 6,000 feet and is estimated to take approximately 10 days. The primary target formation is the prolific Woodbine Sand, while the well will also evaluate several other known overburden formations.

Construction of the drilling pad is nearly complete. Drilling is anticipated to begin within days. Nostra Terra owns a 32.5% working interest ("WI") in the planned well, which includes a 25% carried WI and the remainder at cost.

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

For further information, contact:

 
 Nostra Terra Oil and Gas Company 
  plc 
  Matt Lofgran, CEO                   Email:    +1 480 993 8933 
 Beaumont Cornish Limited 
  (Nominated Adviser) 
  James Biddle/ Roland Cornish        Tel:      +44 (0) 20 7628 3396 
 Novum Securities Limited (Broker) 
  Jon Belliss 
                                      Tel:      +44 (0) 207 399 9425 
  Lionsgate Communications (Public 
  Relations) 
  Jonathan Charles                     Tel:      +44 (0) 7791 892509

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November 05, 2020 02:00 ET (07:00 GMT)

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