Further re Agreement with Hewitt Petroleum, Inc.

RNS Number : 1028V

Nostra Terra Oil & Gas Company PLC

06 January 2012

 

AIM: NTOG

6 January 2012

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Further re Agreement with Hewitt Petroleum, Inc. (now Richfield Oil & Gas)

Nostra Terra, the AIM-quoted oil and gas producer with projects in the USA, announces that further to the revised agreement with Hewitt Petroleum, Inc. (now Richfield Oil & Gas Company ("Richfield")) and Hewitt Energy Group, Inc. (the "Agreement") which was announced on 14 April 2011, a 30-day extension to the repayment period of the USD1.3 million loan note has been granted to Richfield by the Company.  Settlement of the outstanding amount is now anticipated on or before 31 January 2012.

A further announcement on this matter will be made in due course.

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]

Alexander David Securities Ltd

David Scott / Bill Sharp                                                     Telephone: [phone]

Lothbury Financial Services Limited

Gary Middleton / Michael Padley                                       Telephone: [phone]

Announcements made by the Company are available automatically by email to those who register at www.ntog.co.uk.

 

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