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

26 September 2007

At   a   meeting  of  the  Board held on 26 September 2007  the  Board  approved
the  conversion  of  £57,500  of convertible loan stock created  by   the   loan
stock  instrument  dated 25 June 2007 - which created £327,679.38 of convertible
loan  stock  (as  referred  to in the Company's  AIM admission  document).  This
conversion, which has converted £57,500 of convertible loan stock into  ordinary
shares  in the Company at a rate of one new ordinary share for every 2 pence  of
the  converted loan stock, has resulted in the issue and allotment  of 2,875,000
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
326,424,522 ordinary shares of 0.1p in issue.

Application has been made for the new ordinary shares to be admitted to  trading
on AIM on 2 October 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