Gone crazy today Massive buying today ..... Gone NT several times
Nice update The JV has legs and will be a nice earner for the company
Re: I'm in. £51k buy... Looking good
I'm in. I've added Nct to my portfolio... Lots going on with some serious potential here. GLA.
NCT - Looking Good With SC ready to spud in the next week or so, and so much more on the table, looking primed for a re-rate. News soon I imagine.
Bdev
Marie Celest KNOCK KNOCK Is anybody there?????Can anyone with L2 confirm a buy of 14,444,444 at 16:26 today..... Sheeeeeite
nice rise I have been looking into this share today anf they have some very interesting ventures.I like the joint venture deal with MXO Oil where apart from sharing future profits they have been issued with 30 million warrants in MXO at a price of 2 pence against a current share price of over 4 pence so well in profit
Nice little rise.... ..hope it continues and holds.
RNS NORTHCOTE ORD NPV (DI)10 Mar 2015 072:27Northcote Energy LtdRNS Number : 9251GNorthcote Energy Limited10 March 2015 Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas10 March 2015Northcote Energy Ltd ('Northcote' or 'the Company')New Shoats Creek Well Update Northcote (AIM: NCT) is pleased to announce that it is has been informed by Aminex USA Inc., the Operator of Shoats Creek, that it has signed a rig contract to drill a new conventional vertical well at Shoats Creek Field ('Shoats'). Highlights · The new well, the Lutcher Moore #20, has been prepared and permitted and the company has signed a drill contract with 3&1 Enterprises T&R, Inc and secured the drilling rig· The new well will be drilled to c.5,500 feet targeting the conventional Frio Formation · The Company is advancing its well engineering and completion options with consultants that are specialists in the local area to carefully plan the completion programme· Success at the Frio will unlock significant field level cash flow, prove up reserves and open up further multiple development opportunities at Shoats Creek· Further updates regarding the timing of the new drill will be provided in due course Northcote Managing Director Randall Connally said, "We are excited to be delivering on our plans to drill a new well, from which we stand better placed to benefit having secured a doubling of our working interest to 70% from the NAP USA Inc. acquisition. The economics of this initiative are very attractive at today's oil prices, and over the coming weeks we will be using the time ahead of the commencement of drilling to carefully plan for success, utilising the experience of local parties. "During the latter part of 2014 we high-graded our Shoats Creek portfolio to focus on an initial package of wells that could be developed economically at current oil prices, the LM#20 is our first Shoats well and the first of these high-graded wells to be undertaken. We look forward to providing further updates on this programme when drilling commences." * * ENDS * *
Re: Market cap target Advfn MexicoIn addition to NCT's warrant & participation options in MXO its also worth noting Randys working on an altogether separate deal for NCT in Mexico (I know the regulars here are aware & been in touch with RC on this as have I)....have a listen to the recent BRR media clips from the CEO, this one specifically from 10 minutes 5 seconds to 12 minutes 38 secs. [link] Creek is above expectations then I'd say this will hit half a penny in no time. Well above expectations then who knows. I certainly expect this to move now, looks like the overhang has about cleared. 0.15 next week without news imo.
Re: Market cap target Advfn The unknown is Mexico vs value, as nothing has been procured yet. We know the PSA and Licences are very large, in fact anyone in its own right is company changing. Our warrants are approx 39 million in total and 30 million of them are at 2p. MXO need to bag something before they become live but we still need to pay 2p for each warrant.The key however is the participation right which will be worth 2.5 times more than any warrant position so again Northcote have up to 20% of anything obtained or a participation right to do so.I did hear that a billion barrels of oil is possible via PSA and Licence deals, if Northcote sold that right at the right time which bearing in mind the NAP directors and NCT directors are close then Northcote will know the exact time to sell the participation right. If we assume 1 billion barrels of is in place in the ground we effectively have 20% of that.The chances are that say 16% will be sold and a 4% free carry obtained, 4% of 1 billion barrels of oil in the ground at say $5 per barrel sold is 200 million.You get the gist of what I am getting at, so the current market cap is far too low but you can see how quick things can change should certain things materialise throughout the remainder of the year and we still have Northcote's own Mexican venture on top of that plus the other 9 projects.
Market cap target Advfn My target and I have my reasons is for 1p plus by Christmas so 46 mill plus, I actually think the market cap will be higher than that but 10 months is a long time in the stock market and Mexico will be massive if you hit the Pemex contracts.My timeframe is 3 years plus as Mexico will take time to mature as will our projects. Mexico looks to be the big prize and that is what I will hold out for, imho NCT will be bigger than MXO and have more revenue streams due to Randy.For anyone new to NCT, Randy was one of the main guys that built up eagle Energy from 0 to 650 mill before it was sold to Mid States. To me with all the deals it looks as though he will do that again and I am sticking by NCT.[link]
Re: 50m trade this afternoon buy ?? Lots of news due. Volume increasing daily. Spud and MX oil news imminent also. Expect broker note shortly. Target mentioned anywhere between 2-5p. DYOR
50m trade this afternoon buy ?? 172m traded in total so far news due ?