Nostra Terra Places Nesbitt Well into Production

- Nostra Terra Places Nesbitt Well into Production

Thursday, August 25, 2011
Nostra Terra O&G Co. plc

Nostra Terra announced that the initial horizontal well in the Nesbitt Prospect Unit, located in the Woodlawn Field in Texas, has been completed. The production facilities have been built and the well has been put into production by New Century Exploration Inc.

Nostra Terra has a 3% working interest in the Nesbitt Prospect Unit, located in the Woodlawn Field in Texas, which is also operated by New Century Exploration, Inc.

The Company will provide an update on 30-day production figures in the future.

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented, "This marks the second well we've put into production this month. We have additional projects funded and in various stages of development, and anticipate bringing on additional wells this year where we own a larger interest."

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Nostra Terra Resumes Production at Tx. Well

- Nostra Terra Resumes Production at Tx. Well

Thursday, August 18, 2011
Nostra Terra O&G Co. plc

Nostra Terra announced that the workover of the initial well, as previously announced, in the Agnello #1 horizontal well within the Vintage Hills prospect unit located in the Giddings Field in Texas, has been completed and the well has been put back into production.

The well was experiencing intermittent plugging in the lateral section. A remedial workover was conducted, along with installation of a larger compressor.

Nostra Terra has a 1% working interest in the Vintage Hills Prospect Unit, located within the large Giddings Field in Texas, which is operated by New Century Exploration, Inc.

The Company will provide an update on 30-day production figures in the future.
Nesbitt Prospect

The initial well in the Nesbitt prospect is also moving towards completion. Production facilities are currently being built and completion operations being finalized on the prospect.

Nostra Terra has a 3% working interest in the Nesbitt Prospect Unit, located in the Woodlawn Field in Texas, which is also operated by New Century Exploration, Inc.

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented, "We are happy to add production and income flow but our focus going forward is on larger deals that will have a bigger impact. Our current prospects are fully-funded and we have cash available for acquisitions. We are targeting additional acreage with a view to increasing both the size of the company and its revenues."

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Nostra Terra Reaches Total Vertical Depth at Verde Prospect

- Nostra Terra Reaches Total Vertical Depth at Verde Prospect

Monday, August 15, 2011
Nostra Terra O&G Co. plc

Nostra Terra announced that the initial well in the Verde Prospect in south-eastern Colorado, has been drilled ahead of schedule to a total vertical depth of 5,300 feet.

Indications of productivity in drilling samples and electric logs were positive and the well has been recommended for completion.

Production casing will be run to total depth, followed by completion in the most optimal zone(s). NTOG will provide the first 30-day production figures as soon as these are available.

NTOG has a 16.25% working interest (WI) in the Verde prospect. Following evaluation of testing and potential production of the initial well, two or three further development wells (PUDs) could be drilled, in which Nostra Terra also has the right to participate.

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented, "We're pleased with the progress made on this well ahead of schedule and hope to see further positive results on this prospect. As a company, our current prospects are fully-funded, with additional cash on hand for further acquisitions, allowing us to continue to grow, regardless of the state of the global economy or markets."

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Drilling Commenced at Nostra Terra's Colorado Well

- Drilling Commenced at Nostra Terra's Colorado Well

Monday, August 01, 2011
Nostra Terra O&G Co. plc

Nostra Terra O&G announced that drilling has begun on it's initial well in the Verde prospect, located in south-eastern Colorado.

The Company has a 16.25% working interest in the Verde prospect. The initial well will be drilled to a depth of approximately 5300 feet.

Drilling of the well is expected to be completed by the end of August, depending on operations and possible formation tests. Drilling will be followed by completion and initial production testing.

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Nostra Terra Acquires Stake in Oklahoma

- Nostra Terra Acquires Stake in Oklahoma

Monday, June 27, 2011
Nostra Terra O&G Co. plc

Nostra Terra, as part of their continuing plan to take larger working interests (WI) in prolific US oil fields, has entered into an agreement with Pathfinder Development Capital LLC ("Pathfinder") to acquire a 30% WI in the Bale Creek prospect, located in northern Oklahoma.

Highlights of the Bale Creek prospect include:

• Shallow oil, with associated liquids-rich natural gas;
• Extensive regional structural mapping;
• Multi-pay potential from as many as 8 reservoirs, from the Ordovician up through Permian-aged rocks; and.
• 2-D and 3D Seismic to pinpoint locations and steer the horizontal well paths;

The Area of Mutual Interest (AMI) covers a contiguous area of over 3,500 acres. It is located in a very prolific oil system, proven to produce from multiple, stacked-pay reservoirs.

The project development plan consists of two phases. The first step in Phase I calls for the acquisition and interpretation of proprietary 2D and 3D seismic. Based on the tightly-controlled interpretation, a pilot hole will be drilled and logged to determine the most promising of all the potential productive zones. The next step will be to drill 3 horizontal wells into that zone, along with all production and transmission facilities to support the project. Leasing for drilling and seismic permitting in Phase I are already underway. The total estimated cost of pre-drilling activities is US $672,700, of which Nostra Terra's estimated portion is US $201,810.

The drilling budget is being finalized with drilling of the first well being planned for beginning of 4Q 2011.

Phase II will include up to four additional horizontal wells plus the additional production facilities. This phase will entail further leasing and seismic permitting within the existing AMI, prior to drilling. The final determination to move into Phase II will be made in H1 2012.

Based in Norman, Oklahoma, Pathfinder Exploration Company, LLC is a multi-disciplined geotechnical company specializing in finding new oil from old fields within the US. Combining the most advanced technology with cost-effectiveness, Pathfinder is able to identify, delineate and grade additional prospects where there are known oil and gas reserves and frequently multiple pay zones, thereby reducing risk and increasing upside potential. Pathfinder acted as operator on behalf of Shell in the Fayetteville Shale play in Arkansas, which has become an important source of natural gas through the use of horizontal drilling.

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented, "Nostra Terra is delighted to have entered into this agreement with Pathfinder, which marks a strong step into Oklahoma. This agreement is in line with our stated strategy to step up the pace of our growth by acquiring a diverse pipeline of assets in established oil and gas plays - including larger interests, where we can generate added value and strong, sustainable cash flow through disciplined cost control and the use of advanced technology. Pathfinder has aligned interests and we look forward to furthering opportunities with them."

Pathfinder Development, Alden McCall, Chief Operating Officer added, "It is a genuine pleasure to be engaged with Pathfinder on this project from the purely technical point of view as well. It is a key to our growth plan to utilize leading edge technology (3D seismic, sophisticated log suites, 3D-steered horizontal well bores and modern multi-stage completions) to produce oil from compartmentalized reservoirs that have been grossly under-produced. Pathfinder Exploration has created an impressive screening and evaluation process to locate numerous prospective reservoirs in which to apply these technologies."

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Nostra Terra Enters Agreement for Verde Stake

- Nostra Terra Enters Agreement for Verde Stake

Monday, June 20, 2011
Nostra Terra O&G Co. plc

Nostra Terra has entered into an agreement with Plainsmen Partners LLC ("Plainsmen Partners") to acquire a 16.25% working interest in the Verde prospect, located in south-eastern Colorado.

The leases cover approximately 636 net acres in which an initial test well will be drilled into the Mississippian formation to a projected total depth of 5300 feet. The total estimated cost of the well is US$ 1,131,691, of which Nostra Terra's estimated portion is US $183,900. The net revenue interest of Nostra Terra's 16.25% working interest is 13.41%. Drilling of the well is expected to begin during 3Q, 2011.

Highlights of the Verde Field Development project include:

• Shallow oil, with the potential of associated natural gas;
• Regional structural mapping suggests subsurface closure;
• Confirmation of subsurface high-structural block by 3D Seismic;
• Multi-pay potential of Marmaton, Morrow/Keyes & Mississippian reservoirs;
• Analogous to geological settings of several substantial oilfields.

3D seismic has been shot and interpreted that supports the subsurface mapping of a structural high being 25 to 50-feet up dip to historical production from the Lower Morrow Keyes. Should the drilling of the initial test well on the Verde prospect prove successful, two to three further development wells (PUDs) could be drilled, in which Nostra Terra also has the right to participate.

Lower Morrow/Keyes target

The Lower Morrow/Keyes Sand has produced, to date, from 4 wells down dip within the immediate area, which have an accumulated historic production of approximately 60,000 barrels of oil. The last two of these wells were plugged in 1991, due to the prevailing economics of the day, when producing approximately 3 to 5 barrels of oil per day. The proposed drill location is positioned to recover "attic" oil in the Keyes at a higher location on the structural feature.

Mississippian target

The Mississippian section has not been adequately tested on top of the structural feature, and is considered an exploration target.

One well on the south flank of the Verde structure had drill stem test ('DST') recovery of 190-feet of slightly oil cut mud; another well on the southeast flank had DST recovery of 70-feet of drilling mud with dead oil.

Marmaton target

The Marmaton, at 3700 feet, had an oil show on DST down dip. Interpretation of the 3D seismic shows 25 feet of Marmaton closure at the proposed location, and an amplitude anomaly indicating attractive reservoir thickness.

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented, "Nostra Terra is delighted to have entered into this agreement with Plainsman Partners, which further diversifies the Company's operational relationships. The acquisition of a 16.25% working interest follows Nostra Terra's plans of continually upgrading our portfolio. We are also excited to be drilling in a location that is up dip from previous production. This could provide the participants in the Verde prospect with the opportunity to set up offset development wells."

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