Revenue generative

Northcote currently owns rights to producing assets and drilling leases related to two projects including 10 producing leases.
Overview

Introduction

Northcote Energy Ltd is engaged in the acquisition, exploitation, and development of oil and gas properties in proven and producing US onshore hydrocarbon formations, notably the Mississippi Lime formation, the Layton and Massie South sand, Oklahoma, where the application of modern techniques and technology such as horizontal drilling have transformed recovery rates. Northcote currently owns rights to producing assets and drilling leases related to two projects including 10 producing leases, which is expected to rise to 13 producing leases by the end of 2013. Current production attributable to Northcote generates cash flow that will continue to be recycled into a multiple well drilling programme on the existing leases and at the same time provides strong asset backing in the form of reserves as detailed in the Competent Person’s Report. The Company’s existing portfolio comprises a mix of revenue generative assets, including production and royalty interests, as well as high impact development opportunities alongside leading companies such as Eagle Energy and Chesapeake. Northcote Energy is run by a highly experienced management team with a proven track record in generating substantial shareholder value.