11 Mar 2015 07:00
Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas
11 March 2015
Northcote Energy Ltd ('Northcote' or 'the Company')
Appointment of Executive Vice President - Mexico
Northcote (AIM: NCT), an onshore US oil and gas exploration and production company, is pleased to announce that Mr. Abraham Achar has joined the Company as full time Executive Vice President - Mexico. In this role, Mr. Achar will lead and develop business development activities in Mexico, which has recently reopened its vast energy sector to international companies.
Mr. Achar brings a wealth of relationships and experience in both Mexico and the USA that will open up new opportunities for Northcote. Mr. Achar is a Mexican citizen with an impressive network of governmental, corporate and investor contacts covering an extensive range of industries in-country and in the USA. These have been gained through a range of high profile roles held throughout his career which have been predominantly aimed at promoting foreign investment into Mexico across the construction, textile & fabrics, hospitality, mining, energy, oil and gas, coatings and transportation sectors on behalf of the Mexican Government.
Northcote Managing Director Randall Connally said, "As demonstrated by our exposure to Mexico through our agreement with MX Oil plc, we believe that Mexico holds significant opportunities to generate value which is worthy of additional exploration and we are excited that Mr. Achar has agreed to join us in this endeavour. Our initial focus will be on the oil field services sector and on facilitating relationships between medium sized US oilfield services companies and counterparts in Mexico. We are also looking at opportunities to joint venture with companies whereby Northcote will directly participate in projects in Mexico. As an entrepreneurial energy company we are always looking for the best opportunities to generate returns for our investors and we look forward to being part of what I believe will be one of the most exciting economic development stories in the world over the next decade."
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For further information visit www.northcoteenergy.com or contact the following:
Randy Connally | Northcote Energy Ltd | +1 214 550 5082 |
Ross Warner | Northcote Energy Ltd | +44 7760 487 769 |
Dan Jorgensen | Northcote Energy Ltd | +44 20 7024 8391 |
Roland Cornish | Beaumont Cornish Ltd | +44 20 7628 3396 |
James Biddle Jon Belliss | Beaumont Cornish Ltd Hume Capital Securities Plc | +44 20 7628 3396 +44 20 3693 1470 |
Abigail Wayne | Hume Capital Securities Plc | +44 20 3693 1470 |
Nick Bealer | Cornhill Capital Limited | +44 20 7710 9618 |
Hugo de Salis | St Brides Partners Limited | +44 20 7236 1177 |
Elisabeth Cowell | St Brides Partners Limited | +44 20 7236 1177 |
Notes:
Northcote Energy Ltd is a producing oil & gas company with a portfolio of US exploration and production assets in Oklahoma and Louisiana. The Company has substantial acreage in the US where its primary focus is on conventional oil and gas opportunities in Louisiana and Oklahoma. Northcote plans to undertake a new drill work programme at Shoats Creek in order to grow Northcote's production and reserves.