Member Info for orslega

"Interesting that capacity has been increased from 700 to 845 tons a day [ is this confirmed blingybird; Yes, the increased processing capacity was confirmed in the 20/4/2016 RNS "Upon completion, the Facility will commence operations on a 24 hour per day, 7 day per week basis, with a processing capacity of 845 tons per day which represents an increase of approximately 20% from the 700 tons per day originally contemplated (please see RNS dated 29 July 2015)."

Logically though, Juan Osman and Abraham Achar will be the Mayan Drilling guys doing the ground work for contracts for the RP; Gaia after all are the specialist local operational partner for the plant (NCT being the financier); Gaia have a good reputation and plenty of offshore/onshore experience as set out in their website, plus some very big clients , Halliburton et al - now finalised, the Mayan Drilling plant should place the JV in a very good position to pick up referral work from Gaia client base : ) http://www.ecologica.mx/en/clients/

Offshore - worth highlighting the original 29/7/2015 RNS - note the comments re longer term offshore; could see a JV with a barge provider, that would work..... About the Facility Focused on minimising upfront cash requirements, and to ensure that the Facility fits industry demand for its services, the JVCo has a development plan that will mean the site should start generating cash flow immediately upon commissioning.� The Facility is designed to be easily scalable should Tabasco county see the increase in drilling activity that is anticipated by management.� Furthermore the products and services offered by the Facility can be expanded to include handling waste from off-shore drilling platforms and eventually be expanded to recycle the hydrocarbons and water recovered in the remediation process to manufacture drilling fluids and drilling muds. Mayan Drilling Fluids will be engaged in environmental remediation services, which will include, but not be limited to, the remediation of oil based mud drill cuttings.� The Facility's initial capacity will be in excess of 700 tons per day with the potential to expand as demand increases over time.� The pricing model being implemented by Mayan Drilling Fluids contemplates pricing in-line with similar plants in South Texas where prices range from $60 to $100 per ton. Geographically the Facility's location in the city of Comalcalco is in the heart of on-shore oil and gas activity between the city of Villahermosa, Mexico and the nearby port facility.� It is anticipated that the location will give Mayan Drilling Fluids a competitive advantage by reducing the distance that oil and gas operators will need to transport their waste for remediation.� Longer term the proximity to the port facility will allow for potential addition of barge service to treat cuttings from offshore platforms in the shallow water Gulf of Mexico and the Company contemplated recycling oil for use in manufacture of oil based drilling mud. Additionally, the Facility's location allows for efficient use of capital as Mayan Drilling Fluids will not have to own large acreage to hold remediated rock and dirt.� Output not sold to support major road and construction projects is expected to be sold as fill for quarries in the vicinity in line with the government's specifications.� The JVCo is on track to secure all necessary permits during the construction phase.

bigtimber, there is no doubt that offshore activity is on Mayan remediation radar; last RNS Mayan update. 20/4/2016, specifically highlights that opportunity: "Strong Business Case for the Facility It is Northcote’s belief that, despite a lower oil price environment, the energy reform in Mexico is on track and that recent developments continue to support the business case for and will greatly benefit the MDF facilities in Tabasco given the following factors: Strategically and centrally located facility with access to two key highways in the heart of onshore oil & gas fields, blocks to be awarded pursuant the recent bid round and state run blocks; Proximity to key port supporting all offshore oil and gas activity in the southern portion of the Gulf of Mexico; Substantial nearby refining and industrial activity to diversify revenue streams; High demand for remediated solids for road construction and fill-in of numerous quarry mines in immediate area; Mexico is generally recognised as one of the lowest production cost oil regions in the world Excellent potential for the Facility to support remediation requirements in the downstream sector (refining, marketing and distribution of petroleum products) as well; Having previously been segregated from international competition and compliance with environmental protection and other industry standards within the refining and retail fuel distribution market, the introduction of PEMEX to international competition has already created a push for: improving environmental standards; mandating greater environmental and financial accountability improving the retail fuel distribution segment to operate line with international standards" The capacity of the plant has been increased from 700 tons per day to 845 tons per day (indicating demand), with the possibility of expanding further if needed. Based on announcements the plant will have started commissioning around now - the intention is that it be operational 24/7 so best ensure no snagging issues. The company have stated that they identified many different types revenue streams from the plant and I guessing at this juncture Juan Osmon, President of Mayan Drilling (and President of Gaia, NCT JV partner) will be having plenty of discussions locally - whether they are in a position to manage offshore waste haulage from the outset, who knows. I suspect initial contracts will be based on onshore local demand, but in due course certainly a big opportunity to break into. I would like to think that through NCT controlling interest in Mayan Drilling, that can represent shareholders interest in serious waste haulage business but no doubt there will be other JV opportunities once the plant is fully operational.

adding 25M

thanks, that's very interesting - I hadn't realised that - so well before his involvement with his full-time role at Northcote; yes, really is time to hear what's he's been up to......could make a good guess, lol

http://www.laoga.biz

Yes bigtimber re Abraham Achar RNS last year - last sentence, his key role; but we've heard nothing on that front...guess these things take time....and of course he can't push it all NCT way, ha ha 8 April 2015 Northcote Energy Ltd (`Northcote' or `the Company') Mexico update Northcote (AIM: NCT) is pleased to announce that Abraham Achar, the Company's Executive Vice President of Mexico, has been appointed as President of the Latin American Oil & Gas Association (LAOGA) for Dallas, Texas. LAOGA is an organisation focussed on integrating and the sustainable development of the North and South American energy markets. In his role as President he will work to introduce US based companies to the opportunities opening in the Mexican Energy Sector and Latin America generally.

Because I asked direct questions based on what I found out; I was given very specific details but asked not to post publicly. That's how it will remain. Right off out.

Another fact "Mexico’s relationship with Houston, Texas, is particularly important. In 2014, the trade accounts between these two areas reached $192 million, a figure that is expected to dramatically increase following the implementation of a 230km pipeline that will carry natural gas from the U.S. to Mexico."

why no disclosure?....pretty obvious really, deal terms are commercially sensitive? Competitors would be very interested in a large supply deal, don't you think? The cross border deals are growing significantly. ...plenty of opportunities for private US companies exporting to MX; but you try and find the detail - as I said they are confidential for obvious reasons. http://www.theworldfolio.com/news/pipelines-that-bind-us-and-mexico-to-increase-energy-integration/4111/

St Brides do nothing except send out a copy of the RNS's, and then after being told that there are errors, they say, thank you, we will advise the company.......the Nomad is the one who should be checking and clearly didn't....this is not first time, but the big difference this time is that RC did not write the Shoats Creek update, nor did the Chairman.....try the bean counter I'd say.... IF true, I think the near term news from the company should do all the talking....forget these PR amateurs, they really are just that.....

bigtimber - another quality post for those trying to a grip on all things MX Energy; you hold the baton on that by a large margin, so make sure you hang around please - we will need some more expert commentary very soon I think : ) ps be really good to put a lot of the negativity behind us and have some serious discussion based on what NCT have yet to announce (imo), I believe the the tide is about to turn..... : )

Rachelsdad, Those odds are looking pretty much on the money....the odds get shorter by the hour....imo of course....

labratt - "ps would hardly describe Eddie as a heavyweight" .......you are concentrating too much on Shoats Creek, I've said this plenty of times; how much was the value of that MX/US gas deal then? That might help you understand why I said heavyweight. I know what that deal was worth but I cannot post it here, against regs I'm told. : )

meant also to add this link - a recent and comprehensive FT article on the US>MX gas opportunity https://next.ft.com/content/427ad672-08c8-11e6-b6d3-746f8e9cdd33

"Increased flow, transportation and electricity projects continue to make a more robust North American natural gas market place. Less imports from Canada and more exports to Mexico mean that the U.S. will become a net exporter of natural gas this year or next. U.S. piped gas to Mexico has more than tripled since 2010 to about 3 Bcf/day. By 2019, 15 new pipelines will more than double capacity to Mexico to around 15 Bcf/day. This is far more than anticipated imports, but extra pipeline access that would help Mexico meet peak demand. This is important because there’s basically no storage available in Mexico, lacking mature fields, aquifers, and saline domes to store natural gas. Mexico has liquefied gas storage of about 3 days, far lower than the average storage capacity for OECD countries of nearly 85 days. Since 2010, Mexico’s gas consumption is up 22%, but its production is down 11%." http://www.forbes.com/sites/judeclemente/2016/05/08/the-u-s-natural-gas-export-boom-means-pipelines-and-lng/#971a5ae74234 And electricity export opportunities: http://www.bloomberg.com/news/articles/2016-03-23/cash-hungry-u-s-power-producers-lured-by-mexico-energy-reforms The rumour gaining momentum is that this guy Heriberto “Eddie” Gonzalez is potentially being lined up as the new NCT CEO; his CV (posted by Noli before the Prosper Petro site got taken down, also showed him as President at PP). For me his very brief CV crosses over much of what NCT have been building in the last year or so but maybe the thinking is that they now they need a heavyweight to take the plans to the next level. Some would see that as natural progression in the company's growth. The above recent articles demonstrate some very big opportunities under the MX Energy Reform. Is this also where NCT might be heading (along with other MX oil related service activities)? Certainly it looks like "Eddie" has the credentials, particularly liked the last bullet point, this undoubtedly is high level business. Bigtimber mentioned this morning the remediation plant and thought that there might be plans to expand the facility by the end of the year. That area is also covered off in his CV. Too many similarities for my liking. Tick tock....imo Heriberto “Eddie” Gonzalez, Jr. – President •Successfully built and sold several waste management companies Dallas, Houston and San Antonio, Texas areas. •Owner and President of two oil and gas companies involved in the development and operations of oil and gas projects in Texas, Oklahoma and Louisiana. •Brokered one of the first cross border natural gas deals between the Mexican state owned electric utility and private sellers in the United States in the Mexican post energy reform era.

"Among the most important actions mentioned by the Mexican president, there must be an immediate attention to the lack of liquidity, by paying suppliers of Pemex and boosting small and medium enterprises." http://www.theyucatantimes.com/2016/05/federal-government-promises-help-for-campeche-and-tabasco-recovery/ On Wednesday May 4, President Enrique Peña Nieto made the following statement: “We decided to establish a special economic zone in Campeche and Tabasco.” Whilst not directed at the RP, can only be good......

BigTimber - you and others realise his persistent negativity coupled with the almost certainty a person who holds no shares has in someways intrigued me - a sort of challenge to understand - I also agree we will never really find out his true motives for his stance. In the interests of de-cluttering I have absolutely no problem in using the filter button and will do so. I also suspect though Mr Magic will soon be on his way to the next Andrew Bell company (there lies the problem not being able to let go of a failed investment) because of very near term transformational developments at NCT I am expecting. My researched opinion of course and LSE rules do not allow me to post much more than I have already. My only and last post to him will be "told you so". That I believe will be very soon, until then he can chat to himself.....

Blingybird - you're right it's not normal but for reasons only known to him, he persists - you and many more really have wonder why... He should meet Andrew Bell and get it off his chest once and for all and move on.....but I am pretty certain he won't -very sad at the end of the day .... Very soon as NCT turns the corner he will be filtered by the herd and then he be looking in the mirror as he talks to his reflection...why are they having a go at me? The mirror will respond - go and look at your postings....hey ho