Loan Stock Draw Down, Conversion and Issue of E...

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

              Loan Stock Draw Down, Conversion and Issue of Equity

29 November 2007

Pursuant to the facility agreement (the `Facility Agreement') dated 25 June 2007
between the Company and Power Elite Trading Inc (`PET'), and as detailed in  the
Company's admission document dated 25 June 2007, PET provided a facility  of  up
to  £600,000  which  the  Company could draw down into loan  stock,  subject  to
certain conditions. In addition, PET had the option to require up to £300,000 to
be  drawn if at the end of the facility period, being one year from admission to
AIM,   that   sum had not been drawn down (the 'Facility'). Following  the  draw
down  and  conversion of £100,000 of the Facility, as announced on 19  September
2007,  PET has asked the Company to draw down a further £100,000 of the Facility
as  loan stock. PET has instructed the Company that following the draw down, the
£100,000 of loan stock is to be converted into ordinary shares in the Company at
a rate of one ordinary share for every of 0.5p of loan stock, in accordance with
the Facility Agreement.

Name                         Amount of Loan Stock    Number of Ordinary
                             Converted               Shares

Power Elite Trading Inc          £100,000                20,000,000


As  a  result of the loan stock conversion, PET will be interested in 20,000,000
ordinary  shares  in the Company. This holding represents 5.77%  of  the  issued
share capital of the Company, as enlarged by the conversion of the loan stock.

Following the issue and allotment of the new ordinary shares, the  Company  will
have 346,424,522 ordinary shares of 0.1p in issue.

Application has been made for the new ordinary shares to be admitted to  trading
on AIM on 5 December 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]


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