Deagua Project

Northcote expects to participate in a multiple well drilling programme in the Deagua Project, Woods County, Oklahoma. The drilling programme includes twelve new wells in 2013, targeting the Mississippi Lime formation with established partners Eagle Energy of Oklahoma LLC, D&J; Oil Company INC., and Chesapeake Energy Corporation. Northcote currently holds a 0.3-0.5% working interest in the Woods County prospects.