The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNCT.L Share News (NCT)

  • There is currently no data for NCT

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
15 Jul 2015 10:21

Northcote Energy finds hydrocarbons in Louisiana well

(ShareCast News) - Northcote Energy's Luther Moore 20 well has reached its target depth of 5,500 feet and encountered hydrocarbons. The Shoats Creek site in Louisiana fell in line with geological yield expectations, with casing and logging operations already scheduled for next week. Data will be re

Read more
15 Jul 2015 08:34

Northcote To Test Lutcher Moore Well To Determine Commerciality

Read more
13 Jul 2015 06:58

Northcote Drills Shoats Creek, Signs Deal For South Weslaco Gas Field

Read more
7 Jul 2015 08:34

Northcote Joint Venture Buys Property For Waste Remediation Facility

Read more
30 Jun 2015 09:49

Northcote Energy Starts Lutcher Moore Drilling As Loss Widens

Read more
29 Jun 2015 10:28

Northcote Energy sells stake in Oklahoma project

Oil and gas group Northcote Energy has sold its stake in East Blackwell Skinner Sand Unit in Kay County, Oklahoma to a private party for $75,000. The group said the sale of the asset, which contributed approximately two barrels of oil gross per day, was in line with its strategy to dispose of certai

Read more
29 Jun 2015 08:13

Northcote Offloads Non-Core East Blackwell Interest For USD75,000

Read more
18 Jun 2015 08:35

Teathers Financial Bought Kefi Minerals Shares In Placing

Read more
17 Jun 2015 10:29

UPDATE: Teathers Financial Sells Shares In Jubilee, Northcote

Read more
16 Jun 2015 09:44

Northcote Energy's drilling delayed by adverse weather

Northcote Energy informed investors that drilling operations at its Shoats Creek project will be pushed back to 29 June, due to adverse weather conditions in Louisiana. The operations, announced in March, will involve the Luther Moor 20 well drilled dug to 5,500ft, targetting the conventional Frio f

Read more
16 Jun 2015 08:38

Northcote Energy Says Drilling At Shoats Creek To Start June 29

Read more
9 Jun 2015 07:55

Northcote Energy Creates Subsidiary To Serve Mexican Joint Venture

Read more
5 Jun 2015 08:05

CEB Resources Raises Funds To Back Indonesian Asset Deal (ALLISS)

Read more
28 May 2015 08:21

Northcote Says Shoats Creek Drilling Will Start When Weather Turns

Read more
5 May 2015 11:35

LONDON MIDDAY BRIEFING: HSBC Beats Consensus But Shares Knocked Back

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.