Northcote Energy Ltd is a US focused oil & gas company with a balanced portfolio of new exploration and exploitation opportunities blended with a stable of existing producing wells primed for high impact development. The primary focus is on Mississippi Lime formation in Oklahoma, where new technologies and techniques including horizontal drilling have re-opened the oil play and which has seen US majors such as Chesapeake Energy, Devon Energy Corp,and SandRidge Energy build a strong presence.

Latest News http://www.northcoteenergy.com/news.aspx

Latest Ceo Interview (14th Oct 2013 ) http://www.brrmedia.co.uk/event/117017?popup=true

Alex36

It looks to me like Randy Connelly is a very sharp cookie,and he is right on the steady
uplift in output and revenues.Also the price they paid for some of these assets look
a total steal and pay for themselves very quickly.This latest acquisition in Osage
County is a great example of that !

Jazz,in that piece i posted earlier what stood out was the revenues they will be notching up.I am seriously considering putting this in my ISA :-)


"As such, by the time Northcote is hitting its 250 barrel a day target the overall weighting of oil will have increased to about 70%. At that point revenues could be in the order of US$6.5 million per year, Connally explains."

Alex36

If they will be generating $6.5m pa soon you might want to fill your Isa mate!

I will be coming aboard here tomorrow .

Stock Lee

Welcome to the forum.


Have you seen what northcote,s MD said on Brr media the other day ?

http://www.brrmedia.co.uk/event/117017?popup=true

Jazz,i found a recent post on advfn bb that you might find of interest :-)


From advfn bb


Since their last production update where they stated they were at over 100 boepd they have acquired two additional new assets in Osage County and Texas.These have existing production "net to northcote" of a combined 49 boepd + 60MCF ( 60Mcf = 10.3 boepd ) so they must already be at over 160 boepd before they report the latest workover & frac results.So it is likely they are closing in quickly on 200 boepd in the very near future.

We currently have the following work in progress and some about to report.



From 7th October RNS:


* 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 be
commencing the third frack in the programme and to be in the preparation and
planning stages for the fourth. The design of a frack programme is subject to a
number of variables. The information gathered will be used to refine each
successive frack and we expect to see continual improvement in future fracks at
Horizon. We look forward to announcing the results of West Little Drum in due
course as we continue to grow production towards our 250 BOEPD target."

alex

Good post that and very much my thoughts too,i have a hunch this will soon be a very
popular share and those in under 1.3p will be very happy in not too distant future!

LISTEN: Randy Connally, Managing Director of Northcote Energy, provides an in depth company update to BRR Media

Click here to listen

Watch: Northcote Energy (NCT) - 2014 work programme update

Click here to watch

Northcote - Positive operations update primarily in respect to its Shoats Creek Project
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Northcote Energy - Company update

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Watch: Northcote Energy Acquisition of NAP USA Inc.

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Northcote Energy - Update on acquisition of NAP USA & issue of equity

Click here

Northcote Energy - Company update

click here

Going nowhere but down



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