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Northcote Share Chat (NCT)



Share Price: 0.195Bid: 0.19Ask: 0.20Change: 0.00 (0.00%)No Movement on Northcote
Spread: 0.01Spread as %: 5.26%Open: 0.21High: 0.21Low: 0.175Yesterday’s Close: 0.195


Share Discussion for Northcote (NCT)


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Orbis
Posts: 440
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (4)
RE: last chance
12 Jun '15
How do you know this or are you guessing again?
 
bonker99
Posts: 17,817
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Opinion:No Opinion
Price:0.22
View Thread (2)
Nice
12 Jun '15
RNS but wtf are we going to turn the drill - gotta be last chance at 21/22 surely??
berniemadoff
Posts: 8,250
Observation
Opinion:No Opinion
Price:0.22
investor
12 Jun '15
It's not in the rns duh!
Investor1978
Posts: 1,453
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (4)
RE: last chance
12 Jun '15
Where does it say that??
berniemadoff
Posts: 8,250
Observation
Opinion:No Opinion
Price:0.22
View Thread (4)
last chance
12 Jun '15
To buy at pre spud prices. This is the weekend it happens.
orslega
Posts: 10,164
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Opinion:No Opinion
Price:0.22
View Thread (2)
RE: Good Rns
12 Jun '15
tick tock.....warrants approved : )

12 June 2015
Northcote Energy Ltd ('Northcote' or 'the Company')
Result of MX Oil AGM

Northcote (AIM: NCT) is pleased to note the passing of all resolutions at the AGM held on 11 June 2015 by MX Oil (AIM: MXO). Among the resolutions passed was Resolution #7 in relation to the granting of warrants exercisable over ordinary shares of MXO to Northcote, as part of an agreement between the two companies announced on 1 August 2014.

Following the resolution the shareholders of MXO have approved the issue to Northcote of the following warrants in MX Oil, which vest on the date MXO receives or enters into any agreement allowing it or its affiliates to explore for, develop or produce oil and gas in Mexico:
· 30,000,000 warrants with a 2pence exercise price
· 8,793,103 warrants at a 3pence exercise price will vest in three equal tranches as follows:
o 2,931,035 once the 60 day average mid-market price of trades at 6 pence per share;
o 2,931,034 once the 60 day average mid-market price of trades at 12 pence per share;
o 2,931,034 once the 60 day average mid-market price of trades at 18 pence per share.

MX Oil and its local partner Geo Estratos ('Geo') have been formally listed as interested parties in Phase III of Mexico's Bid Round 1 by the National Hydrocarbons Commission ('CNH'). Phase III is focused on the tender for mature onshore conventional fields in Mexico. By being formally recognised as two of 16 interested parties in Phase III, MX Oil and Geo are expected to access the relevant data rooms imminently in order to undertake due diligence on concessions of interest. In addition to the warrants, Northcote has the right to participate with MX Oil, on an unpromoted basis, as a partner in the exploration, drilling, development or production of any of its oil and gas projects in Mexico at a level of up to 20% of MX Oil's original interest in a project for a period of ten years.
orslega
Posts: 10,164
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Price:0.22
View Thread (3)
RE: MXO
12 Jun '15
yes, looks like Geo sees opportunities in Mexico to go it alone. Interesting move on their part to move away from exclusivity.

Subtle change in strategy emphasis? At the bottom of MXO RNS:

"I look forward to providing further updates on our progress as we look to build an oil and gas company where Mexico will be a key focus."

A key focus rather main focus.....looks like MXO is starting to are follow Northcote....expanding their horizons
draft
Posts: 1,984
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (2)
Good Rns
12 Jun '15
a good start to Friday
Helpful
Posts: 1,392
Premium Chat Member
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Opinion:No Opinion
Price:0.22
View Thread (3)
MXO
12 Jun '15
Interesting update. Geo Estratos is no longer exclusive with MXO once two concessions have been granted. They intend to bid for five concessions. In return Geo is giving up part of its position in the JV. This must mean that being non-exclusive to the JV is now worth something to Geo ie., there are other parties it could do work with that results in value for them. This will be to do with the "experience" criterion in the PQC. We are in the same place with Gaia Ecologica; parties will want to partner with them to meet the PQC. IMHO DYOR





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