Nostra Terra Oil & Gas Company PLC Initial response to MAGP's announcement re EGM (7691I)

TIDMNTOG

RNS Number : 7691I

Nostra Terra Oil & Gas Company PLC

21 June 2017

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Initial response to MAGP's announcement re EGM

Nostra Terra notes the announcement made yesterday by Magnolia Petroleum Plc ("Magnolia" or "MAGP") and the publication of a circular convening a General Meeting of Magnolia on 18 July 2017 ("Circular").

In the coming days Nostra Terra will release a full response to Magnolia's announcement, correcting what Nostra Terra believes to be factual inaccuracies in the MAGP announcement and Circular and addressing what Nostra Terra believes to be the fundamental challenges facing MAGP. Given its operational and commercial experience in the onshore oil and gas market in the United States, Nostra Terra believes that Magnolia is pursuing the wrong strategy and that it is well placed to assist Magnolia in restructuring its business model and delivering shareholder value.

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

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

 
 Nostra Terra Oil and Gas 
  Company plc 
  Matt Lofgran, CEO               +1 480 993 8933 
 Strand Hanson Limited 
  (Nominated & Financial          +44 (0) 20 7409 
  Adviser and Joint Broker)        3494 
 Rory Murphy / Ritchie Balmer 
  / Jack Botros 
 Smaller Company Capital          +44 (0) 20 3651 
  Limited (Joint Broker)           2910

Rupert Williams / Jeremy Woodgate

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 21, 2017 07:35 ET (11:35 GMT)

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