24 Sep 2014 12:20
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Don't have an account? Click here to register.Northcote acquires interest in producing leases from Aminex
Wed, 28th Aug 2013 10:42
Northcote Energy, an onshore US oil and gas exploration and production company, has signed an agreement with Aminex to acquire a 25 per cent working interest in a number of producing leases at the South Field in Texas. Oil and gas producer Aminex will be paid in the region of $0.45m dollars, which will be settled by a combination of $0.15m in cash and 12.35m new shares in Northcote.Aminex Chairman, Brian Hall said: "The sale of this gas producing interest is the second in a divestment programme previously announced and follows our declared strategy for our US assets." The acquisition will become effective on September 1st, after which one third of the acquired interest will be assigned to Northcote Drilling Parnets for $0.15m cash. Northcote Chief Executive Randy Connally said: "This acquisition does not alter our focus on growing our production from our Mississippi Lime assets in Oklahoma; but the opportunity to acquire an accretive interest in a set of established assets, located in an area of South Texas that we like and which holds significant acreage for several decades to come, was too good to pass up."NR
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1 Sep 2014 08:17
Northcote Energy acquires 37.5% interest in Alta Loma
Northcote Energy has acquired a 37.5% working interest in the Alta Loma Field, a 444 gross acre property in Texas, which is operated by Activa Resources. Alta currently procudes 30.7 barrels of oil equivalent per day (boepd), or 8.6 boepd, from one producing well. Northcote paid a consideration
Read more1 Aug 2014 10:58
10 Jul 2014 07:34
17 Jun 2014 16:45
Aminex sells US arm to Northcote Energy for $5m
Africa-focused oil and gas explorer and producer Aminex is selling its US arm to AIM-listed Northcote Energy and privately owned Springer Oil and Gas for $5m. Aminex, which has two operated discoveries in Tanzania, is selling a US portfolio which mainly includes the Shoats Creek field in Louisiana
Read more17 Jun 2014 10:06
Aminex Completes US Sale To Northcote Energy, Springer Oil And Gas
LONDON (Alliance News) - Aminex PLC Tuesday said it has completed the sale of its US business to US-focused oil and gas company Northcote Energy Ltd and Springer Oil and Gas LLC for a total of USD5 million in cash and shares. The move of Aminex selling its US business, first announced last
Read more5 Jun 2014 10:45
Northcote Energy Corrects Net Production Figure At Zink Ranch
LONDON (Alliance News) - Northcote Energy Ltd Thursday announced a correction to its first Zink Ranch Well test in Oklahoma, which improves the site's net production figures. The company said its announced results for the 8-A well at the site on Wednesday showed the wrong net production fig
Read more4 Jun 2014 14:44
Northcote Energy reports positive initial flow rates at Zink Ranch
AIM-listed Northcote Energy has announced positive initial gross flow rates for the 8-A well at its Zink Ranch project, although the news prompted a fall in the share price. The well tested at 11.5 barrels of oil per day and 159m cubic feet per day, equating to 38 barrels of oil equivalent per day
Read more4 Jun 2014 08:04
Northcote Energy Reports Positive Gas Production At Zink Ranch Project
LONDON (Alliance News) - Northcote Enrgy PLC said Wednesday that its Zink Ranch Project in Oaklahoma has recorded its first positive initial gross flow rates for the 8-A well at its Zink Ranch project. The company said that over a two-day test, initial gross flow rates of 11.5 barrels of oi
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