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Disposal

16 Sep 2015 13:00

NORTHCOTE ENERGY LIMITED - Disposal

NORTHCOTE 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. 

* * ENDS * *

For further information visit www.northcoteenergy.com or contact the following:

Randy ConnallyNorthcote Energy Ltd+1 214 550 5082
Dan JorgensenNorthcote Energy Ltd+44 20 7236 1177
Roland CornishBeaumont Cornish Ltd+44 20 7628 3396
James BiddleBeaumont Cornish Ltd+44 20 7628 3396
Elliot HanceBeaufort Securities Ltd+44 20 7382 8300
Nick BealerCornhill Capital Limited+44 20 7710 9612
Elisabeth CowellSt 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.

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