Loan Stock Conversion and Issue of Equity

Nostra Terra Oil and Gas Company plc ('NTOG' or the 'Company')

                    Loan Stock Conversion and Issue of Equity

4 September 2007

At  a  meeting  of  the  Board held on 23 August 2007  the  Board  approved  the
conversion  of  £33,461  of convertible loan stock created  by  the  Loan  stock
Instrument  dated 25 June 2007 - which created £88,483 of redeemable loan  stock
and  £327,679.38 of convertible loan stock (as referred to in the Company's  AIM
admission document). This conversion has resulted in the issue and allotment  of
1,673,050 new ordinary shares in the Company.

The  conversion has created no new notifiable interests in the Company, nor  has
it  moved  any  shareholders with a notifiable interest  through  a  disclosable
percentage threshold.

Following  the issue and allotment of the new ordinary shares, the  Company  has
303,549,522 ordinary shares of 0.1p in issue.

Application has been made for the new ordinary shares to be admitted to trading
on AIM on 10 September 2007.

For further information contact:

Nostra Terra Oil and Gas Company plc
Brain Courtney, Chief Executive Officer        [e-mail]
Stephen Oakes, Non-executive Director          Tel: [phone]


ARM Corporate Finance Limited                  Tel: [phone]
Alan MacKenzie
Ben Jeynes