Nostra Terra Oil & Gas Names McCall Chief Operating Officer

22nd Jun 2010 07:44

LONDON (Dow Jones)--Nostra Terra Oil & Gas Company PLC (NTOG.LN) said Tuesday that Alden McCall has been appointed Chief Operating Officer and a director of the Company with effect from June 22. MAIN FACTS: -McCall's immediate focus will be to lead the Company's expansion in the Texas Austin Chalk and other established carbonate and sandstone trends within the U.S., where Nostra Terra is targeting horizontal drilling opportunities. -The Company agreed to grant him with options to subscribe for a total of 40,000,000 new ordinary 0.1 pence shares in the Company in three tranches. -Tranche one of the Options is exercisable at a price of 0.52 pence per ordinary share and tranches two and three are exercisable at a price of 0.75 pence per ordinary share. -Shares closed Monday at 0.52 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 22, 2010 02:44 ET (06:44 GMT)