NOSTRA TERRA OIL AND GAS COMPANY PLC
("Nostra Terra" or the "Company")
TIDM: NTOG
Boxberger A#5 Well
30 October 2009
Further to the hydrocarbon discovery on the Boxberger property announced by
Nostra Terra on 13 October 2009, the Company is pleased to announce that the two
newly discovered zones in the Boxberger A#5 Well (the "Well") have now been
swabbed and sufficient oil has been extracted to determine that the Well will be
commercially viable.
As originally planned, the Company will now swab two other zones in the Well,
targeted by the Company prior to the recent hydrocarbon discovery in Boxberger
A#5. These two zones are known to have high oil saturations. Once completed,
production equipment will then be sized and the Well will be put into production
which is expected, weather permitting, within the next 10 business days. Once
production has been established, initial flow-rates will be announced and will
be updated once they have stabilised at normal production levels.
The Well is Nostra Terra's initial production well on the Boxberger property.
The Company has an interest in a total of eleven wells on that property,
including at least one salt water disposal well. Nostra Terra anticipates
bringing the remaining wells into production using cash flow from production
operations.
Reserves will be updated in the future to reflect fieldwork and production
activities.
Nostra Terra currently holds a 75% working interest before payout and 50% after
payout of the Boxberger wells in Russell County, Kansas. Hewitt Petroleum, Inc.
(HPI) holds the remaining interest.
"We are happy to have our first well coming into production and look forward to
bringing on additional wells soon after," said Matt Lofgran, CEO of Nostra
Terra.
The technical information in this announcement has been prepared and approved
for release by W. A. Alexander Jr. of W. A. Alexander, Jr. Oil & Gas Consulting.
He is a qualified person as defined in the Note for Mining and Oil & Gas
Companies, June 2009, of the London Stock Exchange.
Further announcements on progress at the properties will be made in due course
and are available automatically by email to those who register at
www.ntog.co.uk.
For further information contact:
Nostra Terra Oil and Gas Company plc Tel: +1 480 993 8933
Matt Lofgran, CEO
mlofgran@ntog.co.uk
Blomfield Corporate Finance Ltd Tel: +44 (0)20 7444 0800
Peter Trevelyan-Clark/Ben Jeynes
Alexander David Securities Ltd Tel: +44 (0)20 7448 9820
David Scott/Nick Bealer
ENDS
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