Update: Requisitions to Convene a General Meeting

RNS Number : 9792B

Nostra Terra Oil & Gas Company PLC

05 February 2020

5 February 2020

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Update re: Requisitions to Convene a General Meeting

Further to the Company's announcements of 24 January 2020 and 3 February 2020, Nostra Terra announces that it intends to publish a circular, with accompanying no ce of general mee ng, in rela on to the two requisi ons, dated 15 January 2020 and 31 January 2020, received from Eridge Capital Limited ("Eridge"), (the "Requisi ons") by no later than 12 February 2020.

The Board of Nostra Terra believes it is in the best interests of the Company and its shareholders as whole to consider the Requisi ons at a single general mee ng rather than to incur the costs and expenses associated with publishing two separate circulars.

In addi on, the second Requisi on was received along with a statement from Eridge in rela on to the Requisi ons for inclusion in the circular, notwithstanding that the second Requisi on contained an addi onal resolu on regarding the removal of Ewen Ainsworth from the Board. The Board believes that publishing a single circular to shareholders by 5 February 2020 to consider the Requisi ons would not allow sufficient me for these addi onal items to be responded to by the Board. The Company recognises that this does not comply with the Companies Act 2006 and it will use all reasonable endeavours to publish the circular as soon as possible (in any event no later than 12 February).

Further announcements will be made in a due course.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For further information, contact:
Nostra Terra Oil and Gas Company plc	Tel:	[phone]
Matt Lofgran, CEO
Strand Hanson Limited	Tel:	[phone]
(Nominated & Financial Adviser and Joint Broker)
Rory Murphy / Ritchie Balmer / Jack Botros
Shard Capital Stockbrokers (Joint Broker)	Tel:	[phone]
Damon Heath / Erik Woolgar
Lionsgate Communications (Public Relations)	Tel:	[phone]
Jonathan Charles

About Nostra Terra

Nostra Terra is seeking to increase oil produc on and reserves through both organic growth and strategic acquisi ons, utilising the latest drilling and completion techniques.

Nostra Terra's core asset is a 100% working interest in the Mesquite asset located in the prolific Permian Basin, West Texas. The Mesquite asset covers 1,984 net acres with estimated proven recoverable reserves of 2.4mmbbls.

In addi on, Nostra Terra has a 100% working interest in the well-established East Texas region, and interests in three addi onal Permian Basin proper es in close proximity to Mesquite and is currently producing from two wells. The first well reached pay-out in less than one year.

The Permian Basin, which covers 75,000 square miles over West Texas and southeast New Mexico, is the most prolific

oil producing basin in the country.

For further information, please visit our website: www.ntog.co.uk.

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