Hoffman Completion and Additional Acreage
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Further to the announcement made on 8 February 2010, the Company is pleased to announce that it has made the final US$275,000 consideration payment in respect of the Hoffman property and now owns a 25 per cent working interest.
Nostra Terra is also pleased to announce that it has increased its acreage in the Trapp field by an additional 160 acres, located near the Company's Hoffman property. The lease over the additional acreage was acquired jointly with Hewitt Petroleum Inc. (operator of Nostra Terra's Kansas properties) with each party owning 50 per cent.
"We are happy to have completed the acquisition of NTOG's full 25 per cent working interest at Hoffman," said Matt Lofgran, CEO of Nostra Terra. "In addition, this new acquisition doubles our gross acreage in the Trapp field. The property is very well positioned and we continue to look for additional property in the Trapp field."
Company Profile
Nostra Terra Oil & Gas (NTOG)
Price: 0.39 (at close of 07/09/2010)



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