16 Dec 2015 09:37
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Don't have an account? Click here to register.Northcote Energy in £450,000 placing
Wed, 23rd Mar 2016 14:16
(ShareCast News) - Northcote Energy said it has raised £0.45m by issuing 1.43m new shares at a placing price of 0.0315p each to spend on general working capital and fund certain growth initiatives, including potential participation in opportunities with MX Oil in Mexico and Andalas Energy & Power in Indonesia.Northcote managing director Randall J Connally said: "We are encouraged by the support of the market at this key time in the development of our company.""With continued development activities at the Shoats Creek Field being funded from proceeds of the recently announced transactions, this placing will give the company a strong liquidity position and flexibility to further other initiatives or potentially participate in opportunities available to Northcote pursuant to the participation agreements we have with MX Oil in Mexico and/or Andalas Energy & Power in Indonesia."
More News
4 Sep 2015 09:10
Northcote Energy to take part in Mexican field bid round
(ShareCast News) - Shares in Northcote Energy jumped up after the company confirmed that it is participating in the Mexican onshore field bid round and has registered for and been granted access to the data being administered by the National Hydrocarbons Commission to assess opportunities. Northcote
Read more11 Aug 2015 11:11
Northcote Energy joint venture wins first contract
(ShareCast News) - Northcote Energy's joint venture, Mayan Drilling Fluids (MDF), has won its first contract. The contract has a potential value of around $887,500 and will see MDF operate as a sub-contractor responsible for the remediation services on contaminated land at four different locations.
Read more29 Jul 2015 16:04
21 Jul 2015 10:57
Northcote Energy reports pay zone finding at Louisiana project
(ShareCast News) - Oil and gas explorer Northcote Energy said it has come across a pay zone in the Lutcher Moore 20 well at the Shoats Creek project in Louisiana. In a short statement on Tuesday, the group said it encountered a 10 ft pay section and results suggest the reserve from Well 20 could be
Read more