Positive Frack Update, Horizon Project, Oklahoma

Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas 7 October 2013 Northcote Energy Ltd (`Northcote' or `the Company') Frack Programme Update Northcote (AIM: NCT), an onshore US oil and gas exploration and productioncompany, is pleased to announce the commencement of the fracture stimulation ofa third horizontal well on its 51% owned Horizon Project, Oklahoma. This formspart of a four well 2013 frack programme and is in line with the Company'sstrategy to build production and prove up the reserves on its leases in theMississippi Lime formation. Key Highlights * The fully funded fracture stimulation of West Little Drum will commence this week: * + The frack equipment is arriving on site and operations will commence on 9 October 2013 + The surface location has been fully prepared and the necessary water volumes have been procured * The on-going fracture stimulation programme is in line with the Company's strategy to reach its 250 BOEPD production target by 31 July 2014, with additional work underway including: * + Drilling of a high impact horizontal Mississippi Lime well at 100% owned Mathis Project with spudding anticipated by the end of 2013 + Continuation of work programme at OKE Project (100% WI) to achieve production target at that property of 50 BOPD gross by the end of the year + Lauren Blaire, the last of the four Little Drum wells to be brought back online following completion of the pipeline project, is being brought online this week + Results from on-going well completions across the Company's portfolio Northcote's Chief Executive Officer Randy Connally said, "We are pleased to becommencing the third frack in the programme and to be in the preparation andplanning stages for the fourth. The design of a frack programme is subject to anumber of variables. The information gathered will be used to refine eachsuccessive frack and we expect to see continual improvement in future fracks atHorizon. We look forward to announcing the results of West Little Drum in duecourse as we continue to grow production towards our 250 BOEPD target." **ENDS** For further information visit www.northcoteenergy.com or contact the following: Randy Connally Northcote Energy Ltd +01 214 675 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 (0) 20 7628 3396 Jerry Keen Shore Capital Stockbrokers +44 (0) 20 7408 4090 Limited Bidhi Bhoma Shore Capital Stockbrokers +44 (0) 20 7408 4090 Limited Hugo de Salis St Brides Media and Finance +44 (0) 20 7236 1177 Ltd Elisabeth Cowell St Brides Media and Finance +44 (0) 20 7236 1177 Ltd Notes: Northcote Energy Ltd is a revenue generative US onshore oil and gas productioncompany focussed on the rapidly emerging Mississippi Lime formation inOklahoma. The Company participates with leading operators, including MidstatesPetroleum and Chesapeake Energy, in low risk development plays where advancedtechniques, such as horizontal drilling and fracing, are used to unlock knownoil accumulations and dramatically improve recovery rates. Management isfocused on increasing production through a multi-well drilling and frackingcampaign in 2013.