16 Jun 2015 07:00
NORTHCOTE ENERGY LIMITED - Shoats Creek UpdateNORTHCOTE ENERGY LIMITED - Shoats Creek Update
PR Newswire
London, June 15
Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas
16 June 2015
Northcote Energy Ltd (‘Northcote’ or ‘the Company’)
Shoats Creek Update
Northcote (AIM: NCT) is pleased to announce that further to the announcements of 5th and 28th May, and following weather related delays, drilling on its 70% owned Shoats Creek project has now been scheduled for 29 June 2015. A contract has been signed with the drilling contractor to confirm this date. The Company will inform the market in due course, once the well has been spudded.
* * ENDS * *
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 | 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’s agreement with MX Oil is just one part of its multi-pronged strategy to pursue opportunities in the vast reopening Mexican energy sector. Its other interests in Mexico include a joint venture with local services provider, Gaia Ecologica S.A. DE C.V., as well as other opportunities Northcote is pursuing independently. Mexico is one of three areas of interest for Northcote, alongside its existing onshore US asset base, and opportunities it is reviewing in the Indonesian oil and gas sector in tandem with its partners.