Nostra Terra, the AIM-listed oil and gas producer with assets in the USA, provided the results of the Agnello #1 horizontal well in the Vintage Hills Prospect Unit. The Company has a 1% working interest in Vintage Hills, which is located within the established Giddings oil and gas field in Brazos County, Texas.

During the initial 30-days of production, the well produced an average rate of 59 boed (barrel of oil equivalent per day gross), with 35% of production being oil. This period included several days when the well was not producing due to equipment delays. The well has been producing an average rate of 87 boed over the last two days, with 43% of production being oil.

The initial well on the Verde prospect is in the final stages of completion. Construction of production facilities has been completed and the pumping unit is being installed. Production is expected to commence within days and the Company will provide 30-day production figures when available.

Matt Lofgran, chief executive of Nostra Terra, commented: "We are happy to continue to add production and income to our growing portfolio of established oil and gas fields in the US. As we have stated in recent announcements, our focus has been increasingly on larger deals that will have a far greater impact on our income generation. To this end, we are targeting additional acreage and higher working interests with a view to increasing both the size of the company and its revenues."

Tags: Nostra Terra