February 2, 2016 - 2:00 AM EST
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NORTHCOTE ENERGY LIMITED - Complete Infrastructure Upgrades at Shoats Creek

Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas

2 February 2016

Northcote Energy Ltd (‘Northcote’ or ‘the Company’)

Completion of Infrastructure Upgrades at Shoats Creek Field

Northcote is pleased to announce the completion of the planned infrastructure upgrades at the Shoats Creek Field in Louisiana. Following the completion of the infrastructure upgrades, which have been inspected and approved by the State, the field is fully equipped to support production from the LM#20 well as well as production from future Frio wells up to an estimated capacity of 1,500 BOPD.  The infrastructure work completed includes:

  • Installation of 5,400 barrel oil and water storage tanks with room for incremental additions as production grows in the course of drilling additional wells
  • Installation of high and low pressure separators, heating, flare stacks and other necessary production equipment
  • Installation of associated pump and pipeline work

At the LM#20 well, production operations are now commencing and the production rate will be reported in due course after rates have stabilised.

Northcote Managing Director Randall J. Connally said, “This is an exciting time for Northcote and we expect this well to generate substantial cash flow at current prices. The economics of the Frio formation at Shoats Creek are fairly strong at US$40 and US$50 oil prices and thus preparation for drilling additional wells continues. Timing and other information regarding our 2016 plans will be released in due course, and we look forward to further developing what we believe is a great oilfield this year."


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
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


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 as well as Indonesia via a strategic relationship with Andalas Energy and Power Plc.

Source: PR Newswire (February 2, 2016 - 2:00 AM EST)

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