Nostra Terra Oil and Gas Company plc announced it has secured a 12 month option to acquire an additional 600 net acres (800 gross) (the Additional Acres) to add to its Mesquite Asset in the Permian Basin (Mesquite). If the option is exercised, Mesquite will cover 2,184 gross acres (1,984 net to Nostra Terra), in a contiguous land parcel amenable to additional horizontal drilling. Nostra Terra has entered into a 12-month option agreement to acquire the Additional Acres. The Agreement is structured so that Nostra Terra earns into the option by paying 100% of the recompletion costs of 1 of 3 currently dormant vertical oils wells, to bring it back into production. Nostra Terra will receive revenue from the increased production, whether the option is exercised or not. The leases of the Additional Acres are Held By Production, meaning the leases remain in force so long as they are in continuous oil production. The Additional Acres currently host 11 active producing vertical wells, with minimal but stable production, which covers costs. Further vertical wells can be drilled at the Additional Acres, however, given the length of the leases, Nostra Terra's preference will be to drill horizontal wells here. To exercise the Agreement, Nostra Terra will pay USD 320,000 to acquire the Additional Acres. Among the available Recompletion targets is a well that was drilled but never completed (a DUC), and two wells that were completed but not in primary pay zones that are proven producers in the area. These three wells each present viable opportunities for producing primary production volumes for the modest cost of the recompletion effort (up to $150,000). Nostra Terra will decide which of the 3 wells is to be drilled in due course. As previously announced, the first engineered economics report for Mesquite is nearing completion and will be released shortly. This will include a complete assessment of the commercial potential of the initial 1,384 net acres at Mesquite, which the Company acquired on October 22, 2018. Nostra Terra will then instruct Trey Resources to produce a second engineered economics report to review the Additional Acres. Once this is complete, Trey Resources will incorporate the two engineered economics reports into the Mesquite FDP. Nostra Terra's board will await receipt of the final Mesquite FDP before deciding how best to respond to interest shown in the project by potential industry partners.