Member Info for orslega

Noli - I think GCW might have influenced the emphasis on the work over program - they were in the area well before Northcote; something has changed and it certainly isn't just the technological and techniques although no doubt about it, those would have improved significantly in recent years such that the probablility of successful workovers is enhanced..LM21 was all but ready to go, but think someone has stepped back and looked at the workover possibilities much closer... “This partnership with Northcote Energy, combined with our existing assets in Beauregard Parish, allows us to continue to expand our footprint in Louisiana and further develop this proven field, that for some companies would be difficult during this low commodity pricing environment,” says CEO Matthew H. Fleeger. “We expect to commence drilling on the first of four additional wells in May 2016, all of which have excellent potential and we believe will provide a cumulative benefit to the positive return we’re seeing from the Lutcher Moore #20 well.” http://gulfcoastwestern.com/docs/GCW_Northcote_Press_Release-FINAL_4.07.16.pdf

lol must review spell check Lets hope they are looking at workovers where NCT have the retained 50-70% NRI.

beginning of last month re Shoats Creek RNS re re-completions - so now 5 weeks on....(I did ask couple of weeks back about when the results would be announced as news expected - comment back was that shareholders won't be disappointed); these work-overs are really no brainers, circa $80K cost V $800K new drill....but in terms of expected production work overs win the day, by a mile - they have identified plenty of targets, so as the blog suggests, SC very much in focus imo Lets hope they are looking at workers where NCT have the ginger 50-70% NRI. Successful re-completions there will then start to seriously ramp up the NCT production numbers : ) "The decision to undertake this initiative was made due to the potential to add meaningful reserves and production at low cost. Initial results from this initiative are expected in the near term. A successful recompletion will potentially add several drilling locations to the inventory of viable Frio drilling locations at the Shoats Creek Field.

Stuy, I think many of questions set out by Noli will be answered soon; the recent blackout of any news doesn't mean that nothing isnt 't happening in the background. I am guessing that couldn't be more further to the reality. As the blog suggest - I also believe investors will be very happy when news breaks imo

My background thoughts right now is that if NCT are moving to do something transformational in Mexico oil services arena, whoever is Joint Venturing will want to ensure that Board is seriously strengthened. imo

04 July 2016 A number of things have come to light over the weekend, Its not all rosy in the background, some cracks need filling and bridges built. Things are moving along in the background. Shoats Creek is very much the priority and is very highly thought of as Northcote moves forward. Relationships in Mexico should get very strong, game changing in fact. The company is remaining very tight lipped, the future looks very bright. News should arrive in 10 working days, (give or take), shareholders may be very happy once that news arrives. https://northcoteenergyresearchblog.wordpress.com Well I also made some enquiries over the weekend, reading between the lines, and as I suspected for sometime, I think we might be seeing some Board changes, quite to reflect where NCT is heading - (20/4/2016 RNS) i.e. Mexico services.....but also it seems that they have been very busy at SC - more re-completions done possibly? imo

"The advice to all energy companies seeking to do business in Mexico is to pay attention to the local scene, including communities, governments, and organizations, because understanding what they want and how they operate is just as important as paying taxes and being in good standing with Pemex and SENER." Remember all the pomp and ceremony at the initiation of the Mayan plant......keeping in with Gov Officials is key http://www.energyfuturelatam.net/2016/06/07/mexicos-the-energy-reform-implications-for-oil-producing-states/

remains to be seen.....

Stuy, it was posted a while back by Noli before it got taken down - found it; as I said previously you'll find nothing on the last cross border deal but I know it was a very big deal : ). Question is, is he getting involved with Northcote? I would say he almost certainly is, remains to be scene. 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.

I am not contradicting myself, at all. You have misinterpreted my comment; all I was saying on what I think will emerge, is a US/MX oil services deal substantially bigger that the sort off values which were being banded around with the likes of MXO and ADL deals and any other deals NCT might enter into along those lines for that matter. I am not expecting participation rights or farm ins, but a very different type of deal. I have not and will not comment on how I think this will be structured or financed. I may of course be way off the mark, but I don't think so. imo

Glib - Mr magic up to his tricks again.....now you see me now you don't. Then it'll happen again, then again....and maybe again, lol No idea......very odd Laters

Off out, nice day out there!

As I have said before, I am expecting (per April 2016 RNS) a US/MX services deal, so very different indeed to the MXO onshore oil field type deal. Reducing risk all round - that is the stated plan. I have already commented on a possible structure earlier.

"NCT set up the introductions and have to bear some responsibility for introducing partners that did not have the resources to proceed." Oil prices when the deal was announced with Geo Estratos was circa $100 - fast forward - December 2015 in the $30s....and dropping into mid $20s January 2016. No confidence anywhere. NCT weren't bidding, many said bids were ridiculously high and left no room. With the best will in the world and NCT as an introducer looking on, one could easily see what was happening; what you don't comment on is the likely cost of taking those licences to the next stage. Multi-multi millions of $ were needed (that's why imo NCT would have exited after agreeing a pre Participation Rt deal, if it had got that far....... My view is that the model is not flawed but clearly extraordinarily circumstances beyond anyones comprehension (even with modelling) can and and as we see, does scupper a deal. Thought we agreed to disagree.....

No I'm not saying that at all, my comments were all about the MXO type deal.

think we all understand your point! to be sure, to be sure, and just in case, to be sure we do....

RNS was here last night when it was released. Still here, lol http://www.lse.co.uk/share-regulatory-news.asp?shareprice=NCT&share=northcote

"The licences were awarded in the current oil price environment so using that as an excuse does not wash." I know that RC was not at all interested in 3 out of the 4 licence awards, he said the economics would work. Then after the successful bids, MXO had an updated CPR on the so called prize field, then announcing although our Partner cannot raise the money, we're not interested. Now as MXO shareholder that was sheer incompetence. The point is NCT had no control over the bid process. They were passive investor. RC is not to blame for that fiasco. But fact is today NCT have the MXO Participation Rights and Warrants, at no cost, which should add good value for shareholders going forward. Think we've exhausted this discussion, agree to disagree,

"If the deal with MXO had went ahead though NCT would have had to fund their portion of the costs" Agreed but only IF NCT decided they wanted to participate; at the point of that decision, that is when I would have expected a farm out. For the reasons you state, NCT would not elect to participate unless they had an exit at that point. That's why I say there is no cost on the MX onshore bid process, because they never got that far.

a little light relief....funny! https://www.youtube.com/watch?v=EiS-vWmgLwI&feature=youtu.be