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about us

Our purpose

With its entry into the US, Nostra Terra has embarked on a new direction. Our goal is to consistently generate above-average returns for our shareholders by acquiring and managing a portfolio of mature oil and gas assets, to which we can add significant value through innovative technology and commercial expertise.

Our strategy

Nostra Terra seeks to achieve this goal by focusing its attention and investment, at least initially, within the mid-continent region of the US.

We believe this is an exceptionally attractive oil and gas play for several key reasons:

• Risk: in global terms, onshore US is a politically and geologically low-risk area. It is also relatively low–cost: wells can be reworked and extended inexpensively and quickly, resulting in early income generation, while overheads can and will be kept to a minimum.
• Reward: while the prospects of discovering a giant new oil or gas reservoir in this mature hydrocarbon region are remote compared to the potential in less explored frontier areas, the probability of achieving steady and sustainable cash flow, which in turn allows for ongoing investment in additional growth projects, is far greater.
• Potential: the scope for future profitable growth in this region is virtually unlimited. The Central Kansas Uplift has yielded more than 6 billion barrels of oil. Production today is less than a third of what it was 50 years ago - yet the Kansas Geological Survey estimates that 60 per cent of the region's recoverable reserves remain untapped.
• Competitive advantage: our US joint venture partner and lease operator, Hewitt Petroleum Inc. (HPI), has unique and proven expertise in identifying, researching, acquiring and revitalising oil fields within the US mid-continent. This provides multiple acquisition opportunities offering attractive rates of return within a target-rich operating environment.

Our leadership team

In order to execute its strategy and plans effectively, Nostra Terra will continue to build a leadership team with the expertise and track record in the oil and gas industry to deliver outstanding results.

Matt Lofgran, who was appointed Chief Executive Officer in June 2009 and is a significant shareholder in the Company, plans to appoint new Directors to the Board and to recruit several additions to the management team in the near future.