13 Jul 2015 07:01
Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas
13 July 2015
Northcote Energy Ltd ('Northcote' or 'the Company')
Positive Drill Update, Shoats Creek Project, Louisiana USA
Northcote (AIM: NCT) is pleased to announce that drilling of the Lutcher Moore #20 well ('LM20') targeting the Frio Formation at the Shoats Creek Project in Louisiana, is well underway and has reached circa 3,024 feet out of a total depth of approximately 5,500 feet. The Company expects LM20, in which it has a 93% working interest, to reach target depth in 6-8 days. Further announcements on LM20's progress shall be made in due course.
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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 8390 |
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.