Recent Speculation

RNS Number : 4155R

Nostra Terra Oil & Gas Company PLC

25 October 2013

 

AIM: NTOG

25 October 2013

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Recent Speculation

Nostra Terra, the AIM quoted oil and gas producer with projects in the USA, comments on speculation about the Company in the context of the recent share price movement and significant volume of trades in recent days.

There has been recent speculation on certain message boards regarding a potential placing by the Company of new ordinary shares.  These are false rumours and completely unfounded.  The Company confirms that it has no intentions to undertake a placing.

Matt Lofgran, Chief Executive Officer of Nostra Terra, commented:

"We previously announced that in January we had surpassed cash flow positive on an operational basis.  This still remains the case, where free cash flow generated from production has been reinvested into additional wells throughout the year.  Since that time we have also collected in excess of $1,400,000 from Richfield, and these funds will also be used for upcoming leasing and drilling."

For further information, visit www.ntog.co.uk or contact:

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

[e-mail]                                                 Telephone: [phone]

Shore Capital & Corporate Limited (Nominated Adviser) 

Bidhi Bhoma/ Toby Gibbs                                           Telephone: [phone]

XCAP Securities plc (Broker)                             

Jon Belliss                                                                   Telephone: [phone] 

Lothbury Financial Services Limited

Gary Middleton / Michael Padley                                 Telephone: [phone]

 

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