Nostra Terra Oil and Gas Company plc
("Nostra Terra", "NTOG" or the "Company")
TIDM: NTOG
Bloom Reserves
2 November 2009
Nostra Terra is pleased to announce the results of the Bloom reserves report.
The Company's Bloom property and wells are located in the Chase-Silica Field.
This field has in the past produced over 280,000,000 barrels of oil since its
discovery in 1930. Highlights of the recent reserve summary on the wells, in
which NTOG has a 50% working interest, include:
· 2,260,800 BBLS oil potential gross proved reserves (projected net
attributable reserves to NTOG's working interest of 1,019,290 BBLS);
· 1,096 MMCF gas potential gross proved reserves (projected net attributable
reserves to NTOG's working interest of 494 MMCF);
· the report excludes any probable and possible reserves; and
· the present value of the property attributable to NTOG, at a 10% discount
factor, is US$ 23,775,570 (based on oil @ US$70.00 per barrel and gas @ US$4.50
per MCF).
"The results of the reserves report on the Bloom property more than double our
current reserve base while providing a great opportunity for cash flow for the
Company,' said Matt Lofgran, CEO of Nostra Terra. "The increase in reserve base
should also provide the Company with a more diversified portfolio of production
assets in the future."
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
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