16 Sep 2015 13:00
NORTHCOTE ENERGY LIMITED - DisposalNORTHCOTE ENERGY LIMITED - Disposal
PR Newswire
London, September 16
Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas
16 September 2015
Northcote Energy Ltd (‘Northcote’ or ‘the Company’)
Disposal
Northcote (AIM: NCT) announces that it has disposed of its entire equity investment in CEB Resources plc ('CEB'), the AIM quoted investment vehicle focused on pursuing opportunities in the Indonesian oil and gas sector. Northcote retains its option to participate in up to 12.5% of CEB's participation in any concessions or other oil and gas transactions that it secures in Indonesia for a period of five years and looks forward to working closely with CEB’s world class management team.
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For further information visit www.northcoteenergy.com or contact the following:
| Randy Connally | Northcote Energy Ltd | +1 214 550 5082 |
| Dan Jorgensen | Northcote Energy Ltd | +44 20 7236 1177 |
| Roland Cornish | Beaumont Cornish Ltd | +44 20 7628 3396 |
| James Biddle | Beaumont Cornish Ltd | +44 20 7628 3396 |
| Elliot Hance | Beaufort Securities Ltd | +44 20 7382 8300 |
| Nick Bealer | Cornhill Capital Limited | +44 20 7710 9612 |
| Elisabeth Cowell | St Brides Partners Limited | +44 20 7236 1177 |
Notes:
Northcote Energy Limited is an entrepreneurial energy company with diverse interests. The Company combines a portfolio of US exploration and production assets in Louisiana and Oklahoma with the development of new business opportunities in the US and also in Mexico, such as its participation agreement with MX Oil PLC and agreement with Gaia Ecologica as well as Indonesia via a strategic relationship with CEB Resources.