Admission to Trading on AIM
Nostra Terra Oil and Gas Company plc
formerly know as LHP Investments Plc
(`Nostra Terra', or the 'Company')
Admission to Trading on AIM
20 July 2007
Nostra Terra was today admitted to trading on the Alternative Investment Market
of the London Stock Exchange, having raised £350,000 (excluding expenses) on
Admission.
Nostra Terra through its wholly owned subsidiary, Nostra Terra (Overseas)
Limited ("NTOL"), intends to re-open certain wells which were previously
producing oil in the area covered by NTOL's Oktyabrskoe Licence in the
Tarkhankut Peninsula located on the northwest reaches of the greater Crimean
Peninsula and which were capped as being uneconomic in a period when oil prices
were at much lower levels. It is expected that the results of this re-opening
programme will be known in a relatively short timeframe. In addition, the
Company's relationship with the state-owned Krymgeologia, which is a well
drilling service company and an exploration and development company for oil and
gas assets in Crimea, offers the potential of developing further opportunities
for the exploration of other areas within the Crimea, as well as within the rest
of Ukraine.
ARM Corporate Finance Limited is Nominated Adviser to the Company.
Falcon Securities (UK) Limited is the Broker to the Company.
Nostra Terra Oil and Gas Company plc Ordinary Shares are quoted on AIM with TIDM
'NTOG'.
The AIM Admission Document is available from the offices of the Company at
Finsgate, 5-7 Cranwood Street, London EC1V 9EE.
At the extraordinary general meeting of the Company held on 19 July 2007, the
Company increased its authorised share capital from £1,000,000 to £1,500,000.
Admission Statistics
Subscription Price 0.5p
Number of Ordinary Shares in 301,876.472
issue following Admission
Market capitalisation of the £1,509,382
Company following Admission
(based on the Subscription
Price of 0.5p)
Number of Ordinary Shares to be 16,383,969
issued on conversion of the
Creditors Loan Stock
Number of Ordinary Shares to 2,000,000
be issued on exercise of the
Founders Warrants at 0.1p per
share
Number of Ordinary Shares to 2,500,000
be issued on exercise of the
`A' Warrants at 2p per share
Number of Ordinary Shares to 560,000
be issued on exercise of the
`B' Warrants at 1.5p per share
Number of Ordinary Shares to 9,000,000
be issued on exercise of the
`C' Warrants at 2p per share
Number of Ordinary Shares to 120,000,000
be issued if the Facility is
advanced and the Convertible
Facility Notes* are converted
at 0.5p per share
*the £600,000 zero coupon convertible unsecured loan notes 2013 to be issued
upon any advance under the Convertible Facility Agreement, the outstanding
amount of which, following any such advance, may be converted into Ordinary
Shares at the rate of one Ordinary Share for each 0.5p of the principal amount
advanced under the Convertible Facility Agreement (or, if less, 50 per cent. of
the average closing bid price for the previous five trading days) further
details are contained in the Admission Document.
ISIN for the Ordinary Shares GB00B067H256
For further information contact:
Nostra Terra Oil and Gas Company plc Tel: +44 (0)20 7251 3762
Brain Courtney, Chief Executive Officer
Stephen Oakes, Non-executive Director
ARM Corporate Finance Limited Tel: +44 (0)20 7512 0191
Alan MacKenzie
Nick Harriss
Further information
Nostra Terra Oil and Gas Company plc
Nostra Terra, formerly LHP Investments Plc (`LHP'), originally raised a total of
£178,000 after expenses and was admitted to AIM on 23 February 2005, when it was
classified as an investing company. On 3 April 2006 LHP was suspended from AIM
and subsequently de-listed pursuant to AIM Rule 8 and the guidance to it which
required certain investing companies to meet certain provisions otherwise the
trading of shares in that company on AIM would be cancelled under AIM Rule 41.
LHP did not meet those provisions and was subsequently de-listed from AIM.
The acquisition of NTOL is regarded by the Directors as being an attractive
opportunity to create an oil production company through the re-opening of
certain wells which were previously producing oil in the Tarkhankut Peninsula
located on the northwest reaches of the greater Crimean Peninsula and which were
capped as being uneconomic in a period when oil prices were at much lower
levels. The Directors expect the results of this re-opening programme to be
known in a relatively short timeframe.
Nostra Terra (Overseas) Limited
NTOL was incorporated for the purpose of securing and exploiting licences in the
Tarkhankut Peninsula located on the northwest reaches of the greater Crimean
Peninsula. A representation, being a non-corporate entity registered by NTOL
with the Ministry of the Economy of Ukraine, and as required under Ukrainian
law, was registered by the Ministry of the Economy of Ukraine on 7 November
2000. The office of the representation is located in Simferopol, Crimea,
Ukraine. The Representation is registered as a permanent representation of
Nostra Terra, which has the right to carry on certain activities according to
the coding system of Ukraine which includes activities in the sphere of geology
as well as geological study; oil and gas production and; any financial
activities.
Directors
Sir Adrian Blennerhassett, aged 67, Non-Executive Chairman
Sir Adrian holds a Master's Degree of Geology from Imperial College, London and
an MBA from Cranfield School of Business Management. Sir Adrian has previously
held positions as general manager for Claremount Oil & Gas Ltd and has acted as
technical director at Peninsula Petroleum Ltd. He has experience of corporate
finance and securities activities and more recently had eleven years experience
in corporate finance including mergers and acquisitions with Anglo European
Amalgamations Limited and Chesham Amalgamations and Investments Limited.
Brian Courtney, aged 65, Chief Executive Officer
Mr. Courtney has been actively investing in the oil and gas business for over
thirty years, first working with Mr. Smith on the Ingoldsby 10-12 horizontal
well, and most recently by serving as the Chairman and CEO of Ucoco Energy, Inc.
In addition Mr. Courtney has held many senior executive positions and public
company directorships including being founding president and former VP of
America's Oracle Corporation Canada and director of EFT Canada Inc. Mr. Courtney
served as CEO of Global Election Systems Inc., an American Stock Exchange listed
company, and as chairman and CEO of Patent Enforcement and Royalties Limited, a
TSX Venture Exchange listed company. Mr. Courtney has been investing in Ukraine
for four years through Ucoco Energy and Ucoco Cyprus. Mr. Courtney is a
graduate of the University of Manitoba (B.Comm.).
Neville Desmond Smith, aged 54, Chief Operating Officer
Mr. Smith is a geologist who has worked in the oil and gas business for over
thirty years and is an honours graduate in geology from the University of
British Columbia. Mr. Smith has held several senior executive positions with
upstream oil and gas international companies including companies in Canada, the
USA, Azerbaijan and Ukraine. He was president and CEO of Tai Energy Corporation,
formerly a public Canadian oil and gas company and COO of A&B Geoscience
Corporation (Arawak Energy Corp.). Mr. Smith has been working in the former
Soviet Union since 1995 and in Ukraine for the last six years.
Glenn MacNeil, aged 48, Chief Financial Officer
Mr. MacNeil has been actively investing in the oil and gas business for over
fifteen years and is a director of Hegco Canada, Inc. a Toronto Stock Exchange
junior oil and gas company. Mr MacNeil holds a Bachelor of Business
Administration degree (B.B.A.) and is also a Chartered Accountant (Canada), a
Certified Management Accountant (Canada) and a Certified Public Accountant
(USA). Mr MacNeil has also held a number of international senior executive
positions with various publicly traded insurance companies over the past twenty
years. In addition, he worked in public accounting with Deloitte and Touche. He
is also a director of three FSA regulated companies and has been a director of a
financial services company - Lancaster Sierra Capital Corporation, which trades
on the Toronto Stock Exchange.
Stephen Vaughan Oakes, aged 51, Director, Non-Executive Director
Stephen Oakes has over 30 years experience in financial markets and is a Fellow
of the Securities Institute. He began his career with stockbrockers Vickers da
Costa Ltd, becoming a Member of the Stock Exchange in 1984. In 1985 he joined
the then James Capel & Co (now HSBC Investment Bank plc) as a portfolio manager.
Increasing management responsibility culminated in the position of Chief
Executive Officer, HSBC Investment Management, firstly in respect of the
international business and subsequently as acting CEO of the combined UK and
international operations. He left HSBC in December 2002 and in October 2003 he
joined Alfred Henry Corporate Finance Limited. He is currently a director of
Alltrue Investments Plc and Chief Executive Officer of Falcon Securities (UK)
Ltd. He is Chairman of Timestrip plc and is also a director of a number of
companies whose shares are traded on AIM.
Significant Shareholders
Name Number of % Number of %
Shares prior of issued shares on of issued
to Admission share capital admission share capital
prior to on
Admission Admission
Leo Knifton 8,510,834 13.56% 8,510,834 2.82%
Stephen Oakes 8,333,333 13.28% 8,333,333 2.76%
Brian Courtney 0 0% 149,126,472 49.40%*
Glenn MacNeil 0 0% 17,932,428 5.94%**
Neville Desmond Smith 0 0% 149,126,472 49.40%*
Nigel Weller 8,333,333 13.28% 8,333,333 2.76%
Karin Haugen 12,500,000 19.92% 29,900,000 9.90%
GCIT Foundation 12,500,000 19.92% 29,900,000 9.90%
*Messrs Courtney and Smith's interests following Admission, as stated above,
each include their entire beneficial interests held through Anglo Crimean Oil
Company.
** Arising through his interest in shares held through Anglo Crimean Oil
Company.
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