9 Oct 2013 11:02
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Don't have an account? Click here to register.Northcote delivers positive update
Wed, 20th Feb 2013 10:11
Northcote Energy, the newly AIM-listed oil and gas company, has said that preparations for the fracture stimulation programme on its Horizon Project are going according to plan, and it expects to begin the fracture process in late February or early March. It also revealed that it has acquired a 3.125% working interest in the Bird Creek Prospect in Osage County, which comprises 800 acres. The company expects to participate in two well in the first half of 2013. The group has also said it will participate in the deepening of the Burkhart 1 well on the Horizon Project acreage, to further evaluate certain formations. The group holds a 3.69% working interest in the well. Furthermore, initial production rates are expected to be announced for both the Busse and Bouziden wells in Woods County. Northcote's Chief Executive Officer Randy Connally said: "Northcote's Horizon Project assets currently produce from two pay zones and by participating in the Burkhart 1 well, we will gain exposure to additional zones. "[...] taking small interests in new prospects, as we have done in the Bird Creek Project, with an eye toward increasing our interest as the prospect is de-risked is an important part of our growth strategy. "We plan to continue to participate in new wells, which are not part of our current lease and reserve base, when we have confidence that low cost incremental production has a high likelihood of success."He added that having exercised the option to materially increase its average working interest in the Horizon Project, and consequently increase its participation in these new wells, has given the company the confidence to believe that it is on course to further increase its net production and net reserves by the end of the year.NR
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9 Oct 2013 09:21
7 Oct 2013 13:07
Northcote advances Oklahoma fracking plan
US onshore oil & gas company Northcote Energy has taken a step forward in its fracking programme in Oklahoma. Northcote is starting fracture stimulation of a third horizontal well, West Little Drum, on its 51% owned Horizon project this week. It is part of a four-well 2013 fracking programme targ
Read more7 Oct 2013 09:23
30 Sep 2013 13:31
28 Aug 2013 10:42
Northcote acquires interest in producing leases from Aminex
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
Read more4 Jul 2013 11:57
Northcote announces strategic milestone in its ambitious expansion plans
Recently floated US onshore oil and gas exploration outfit Northcote has today announced the creation of a development partnership - Northcote Drilling Partners LP - which will allow it to pursue its ambitious drilling programme and leverage its 'know-how' in the sector and in that region. Critic
Read more28 May 2013 08:51
Northcote Energy advances on positive well frac
AIM-listed onshore US oil and gas exploration and production company Northcote Energy has reported initial positive results from the successful fracture stimulation of its Big Hill No. 1 well at the Horizon Project in Osage County, Oklahoma. Testing at the well, in which Northcote has a 51.75% work
Read more25 Mar 2013 13:44
Northcote acquires Oklahoma Energy
Northcote Energy expects to see an increase in revenues and oil production following the acquisition of Oklahoma Energy. The US oil and gas company has purchased 100% of the outstanding membership interests of the group for a cash consideration of $50,000 and the issue of $250,000 new ordinary sha
Read more13 Mar 2013 09:40
Northcote Energy poised to start fracture stimulation at Horizon Project
AIM-listed oil and gas exploration and production company Northcote Energy has provided a positive update regarding its operations in Oklahoma. The company reported that progress had been achieved across all three areas of the company's project portfolio, which has a "P1 PV10" of $47.6m. A "PV10"
Read more13 Feb 2013 13:46
Northcote Energy exercises options over Horizon Project
Northcote Energy, an onshore US oil and gas exploration and production company, said Wednesday that it has has exercised two of its options to acquire an additional 10 per cent working interest and an average 2.2 per cent royalty interest in the Horizon Project in Oklahoma. The move increases the
Read more