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More punters for the RP. CNH ‏@CNH_MX Hoy se publica en el @DOF_SEGOB la Convocatoria para la 1a licitación de la #RondaDos 15 áreas en aguas someras. Costas de Ver. Tab. y Camp. View translation Translated from Spanish by Bing Wrong translation? Today is published in the @DOF_SEGOB the call to the 1a tender of the #RondaDos 15 areas in waters shallow. Coastal view. Tab. and Camp. Second round onshore soon.

Interesting about the Takeover Panel. I just double checked about MX Oil and that is a UK registered company and so the Takeover Panel rules apply. I will check out what happens when there is an undeclared concert party. You never know, it might be relevant soon.

I just topped up with our Indonesian friends. I think news on SIAK is on the way. Obviously, I don't know but it feels like it is.

NCT is not a UK incorporated company: I don't think the Companies Act applies. In any case, it is not a PLC it is a limited company. What matters is what the AIM rules say.

Seems people starting to think ADL will deliver shortly: good for our 12.5% participation rights.

Vox Markets Podcast ‏@VoxPodcast · 2h2 hours ago Today’s suggested, Penny Stock with Potential is Northcote Energy #NCT See the 3 reasons why here> http://bit.ly/VOXPOD0536 Looks like NCT is attracting attention.

I want them to get the SC acreage off Indigo. The Area of Mutual Interest (AMI) covers just the Wilcox but in Indigo's SC acreage there will be Frio and Cockfield targets as well as potential workovers. Indigo is much bigger than NCT and the SC gig is just too small for them to be interested. It would be wonderful if we could do a deal with them.

LM14 was nice but what I thought what was significant was Robert Cain #1 and Robert Cain #2. It looks to me that on those two they didn't need to do anything except turn them back on and test them. Robert Cain #1: 72-hour test, 10-15 barrels of oil per day and natural gas at rates of up to 100 Mcf/d •Robert Cain #2: 72-hour test, 30 barrels oil per day and natural gas at rates of up to 350 Mcf/d I don't know for certain but I think NCT's NRI on those is 56.25% so at 45 barrels per day: marginal cost $10; net $38 that gives NCT circa $960 per day for not doing very much. That is $350k pa plus the gas on top. There are two other wells where I think NCT can just turn them back on and get producing. It is also important that they now have the SWD capacity: trucking was costing $3 a barrel. Fingers crossed.

Ok, if you know better. Payment terms are down to commercial negotiations. Last year Pemex was paying 200 plus days late. I don't what is standard terms for waste disposal in MX. The last annual report did state that plant was revenue generating: obviously not how much and on what terms. Fingers crossed on the update.

There was an issue on payment terms with Pemex last year: that has now been addressed. With the liberalisation there are now a lot more O & G cos operating in MX. The games isn't just about Pemex.

Not bad.

They did say 50% from day one. Well day one is now: so, "show me the money."

The key is the MDF Remediation Plant: if that is up and running at 50% capacity NCT is cash positive once invoices are paid. We should know shortly. 50% capacity is circa 425 tonnes per day. 60 tonnes for overhead: 365 tonnes at $60: 85% margin before resales. Call it $15k per day: 51% NCT, 49% Gaia. So circa $7,500 per day plus recovery if capital.

On the terrace at RBG in Manchester: a lot hotter than Marbella.

SP gradually moving in the right direction. Those warrants will be in the money soon.

Two main things: 1. is it operating and generating revenue 2. what is the size of the order book. Secondary, who are the orders with and for what services. Thirdly when will they start selling drilling muds and aggregate.

90 days is up. Fully completing and commissioning, unquote. So I expect NCT to confirm everything is rocking and rolling this week.

Hydrocarbons Mexico ‏@HCarbonsMex · 1h1 hour ago In Mexico there are 16 energy companies other than Pemex. 9 are producing oil, the rest submitted work plan to CNH. http://www.elfinanciero.com.mx/economia/ronda-uno-genera-16-flamantes-petroleras.html

https://www.voxmarkets.co.uk/blogs/533-mkango-resources-nicola-duke-on-the-charts-and-pxog-as-pswp/

RRR is only involved in some of the wells at Shoats Creek. There are more wells to work over (maybe 19 in total but certainly 10) and maybe up to 11 new drills. NCT also has exposure to ADL, MXO, a remediation plant in MX and other deals in the pipeline.