30th Mar 2015 08:54
LONDON (Alliance News) - Northcote Energy Ltd Monday said it has entered into an agreement with Mexican oilfield and environmental services company Gaia Ecologica SA, under which the pair will jointly-undertake projects in Mexico.
Northcote said the pair will work together on securing new contracts in the country, including oil field services, environmental remediation, waste water treatment to oil and gas development concessions and production sharing agreements.
Profits from the joint ventures will be split 51% to Northcote and 49% to Gaia.
Shares in Northcote were up 10% to 0.166 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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