17 Jun 2014 07:00
NORTHCOTE ENERGY LIMITED - Sale and Purchase Agreement Signed with Aminex PlcNORTHCOTE ENERGY LIMITED - Sale and Purchase Agreement Signed with Aminex Plc
PR Newswire
London, June 16
Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas 17 June 2014 Northcote Energy Ltd (`Northcote' or `the Company') Sale and Purchase Agreement Signed with Aminex Plc (`Aminex') Northcote (AIM: NCT) is pleased to announce that, further to the announcementof 9 May 2014, it has signed the sale and purchase agreement with Aminex. The acquisition will be completed pending the satisfaction of certainconditions precedent, including the receipt of Aminex shareholder approval. The Company has commenced as acting operators of the asset and will makefurther updates in due course. Additional details of the acquisition can be found in the previous announcementreferred to above. **ENDS** For further information visit www.northcoteenergy.com or contact the following: Randy Connally Northcote Energy Ltd +1 214 675 7579 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 Jerry Keen Shore Capital Stockbrokers +44 20 7408 4090 Limited Bidhi Bhoma Shore Capital Stockbrokers +44 20 7408 4090 Limited Stefan Olivier Cornhill Capital Limited +44 20 7710 9618 Hugo de Salis St Brides Media and Finance +44 20 7236 1177 Ltd Elisabeth Cowell St Brides Media and Finance +44 20 7236 1177 Ltd All of the technical information, including information in relation to reservesand resources that is contained in this announcement has been reviewedinternally by the Company's Technical Director, Mr. Kevin Green. Mr. KevinGreen is a Petroleum Geologist who is a suitably qualified person with over 30years' experience in assessing hydrocarbon reserves and has reviewed therelease and consents to the inclusion of the technical information. Notes: Northcote Energy Ltd is a producing oil & gas company with a portfolio of USexploration and production assets principally focused in Osage County,Oklahoma. The Company has substantial acreage in the US where its primary focusis on the Pennsylvanian and Mississippi Lime formations. Northcote is currentlyundertaking a continuous 2014 work programme which includes recompletions, newwells, fracks and workover programmes in order to grow Northcote's productionand reserves.