Placing and Operations Update

NOSTRA TERRA OIL AND GAS COMPANY PLC
                    ("Nostra Terra", "NTOG" or the "Company")

           Placing, Development of Bloom initiated, Operations update


3 December 2009

AIM Symbol: NTOG

Nostra Terra, the AIM-quoted oil and gas company, is pleased to announce:

  ·    The placing of 318,500,000 new ordinary shares raising  £3.185 million.
       The funds will be used primarily to develop the Bloom property and will
       also enable further acquisitions as and when suitable opportunities arise.

  ·    Updates on Boxberger and Hoffman

Placing

Nostra  Terra  is  pleased  to  announce that it  has  completed  a  placing  of
318,500,000 new ordinary 0.1p shares in the Company (the  'Placing Shares') at a
price of 1p per share, raising £3.185 million before expenses (the 'Placing').

Application has been made to the London Stock Exchange for the Placing Shares to
be  admitted to trading on AIM (`Admission'). The Placing Shares will rank  pari
passu  in  all  respects  with  the existing ordinary  shares.  The  Placing  is
conditional  only on Admission and it is expected that dealings in  the  Placing
Shares on AIM will commence on 8 December 2009.

Following  the issue and allotment of the Placing Shares the Company  will  have
1,549,600,913 ordinary shares of 0.1p each in issue.

Use of Proceeds

Bloom Property Development
The  final  acquisition payment for the Bloom property was met  on  15  November
2009.   The  initial  development  of the Bloom  property,  which  is  currently
expected to be completed during the first half of 2010, will be funded from  the
Placing.  There are nine production wells and two salt-water disposal  wells  at
the  Bloom property, located in Russell County, Kansas.  Under the terms of  the
joint venture between NTOG and Hewitt Petroleum, Inc., NTOG will receive 75%  of
the  net  revenues  from  the Bloom property until its actual  costs  have  been
repaid, thereafter 50%.

Fieldwork on Bloom Property
Production operations are expected to commence on the Bloom property in the next
four to eight weeks.  This will be in addition to the existing rework program
currently underway at the Boxberger and Hoffman leases, detailed below.

Additional Funds
In  addition to the Bloom property, the proceeds of the Placing will be  applied
to  the Company's working capital requirements and will also enable NTOG to make
further acquisitions as and when suitable opportunities arise.

Operational Update

Boxberger
Further to NTOG's announcement of 30 October 2009, development work on the first
of  several  wells is now complete and production operations are anticipated  to
commence  by  the  end  of 2009 once the field electrical facilities  have  been
upgraded  by  the  local  power  company. As a  consequence  of  the  multi-zone
completion  undertaken  on  the initial well, where two  new  lower  zones  were
discovered,  the  Company  has completed a detailed analysis  of  the  reservoir
dynamics  to  ascertain the best approach to adopt in further field  operations.
This  has  resulted  in  the redesign of pumps and other equipment  to  optimise
operations.  In addition to completing the first production well,  a  salt-water
disposal well has also been completed and licensed.  Details of flow rates  will
follow once production has stabilized.

Hoffman
Work is progressing on two production wells and one injection/saltwater disposal
well  on the Hoffman property and two workover rigs having been on site for  the
last  two  weeks.   It  is  anticipated that production will  begin  upon  final
disposal licensing and completion of the saltwater disposal and production  tank
facilities that are scheduled to be completed in early Q1 2010.

Matt  Lofgran,  CEO  of  Nostra  Terra said  "We  have  now  funded  development
operations  on the third US property in the Nostra Terra portfolio and are  in  the
process  of  establishing a diversified oil production company covering  several
different  fields  with multiple objectives.  Over the past  five  months  we've
transformed  the Company, by building a foundation in an area of  low  political
risk  with  assets  of low geological risk, and are now positioned  for  growth.
Development is underway on the first two properties and will commence shortly on
the  third property, the Bloom field.  Nostra Terra, with its JV partner  Hewitt
Petroleum, Inc., now owns 28 wells (including at least four salt water  disposal
wells) that are funded through initial operations and at various stages of being
developed".

Further  announcements on progress at the properties will be made in due  course
and   are   available  automatically  by  email  to  those   who   register   at
www.ntog.co.uk.

For further information contact:

Nostra Terra Oil and Gas Company plc                 Tel: [phone]
Matt Lofgran, CEO

Blomfield Corporate Finance Ltd                  Tel: [phone]
Peter Trevelyan-Clark/Ben Jeynes

Alexander David Securities Ltd                   Tel: [phone]
David Scott/Nick Bealer



Note to Editors:

Nostra  Terra  Oil  & Gas Company plc (AIM: NTOG) is an emerging  oil  and  gas
exploration  and production company with newly acquired assets  in  established
producing regions within the US mid-continent.

Hoffman
Nostra Terra holds a 25 per cent working interest in five production wells  and
one salt water disposal well on the Hoffman lease, located in Barton County and
Russell County, Kansas.

Bloom
Nostra Terra holds a 50 per cent working interest in nine production wells  and
two  salt  water disposal wells on the Bloom lease, located in Russell  County,
Kansas.

Boxberger
Nostra Terra holds a 50 per cent working interest in eleven wells, including at
least  one  salt  water  disposal well, on the Boxberger property,  located  in
Russell County, Kansas.

Koelsch (option)
Nostra  Terra  also has an option to purchase from HPI - 50  per  cent  working
interest  in  two  production wells and one salt water  disposal  well  in  the
Koelsch lease, also located in Strafford County, Kansas.

Ukraine
Nostra  Terra also holds an interest in a license to further explore and develop
the  onshore Oktyabrskoe oil field in Ukraine. The advanced recovery  technology
which  the Company and its joint venture partner are exploiting in the  US  mid-
continent  may  eventually  be used to enhance the economic  viability  of  this
Ukrainian  reservoir but rapid and profitable development of its US business  is
now Nostra Terra's primary focus.

For more information please visit: www.ntog.co.uk