Positive Drill Update Shoats Creek Project, USA

NORTHCOTE ENERGY LIMITED - Positive Drill Update Shoats Creek Project, USA

PR Newswire

London, July 14

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

15 July 2015

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

Positive Drill Update, Shoats Creek Project, Louisiana

Northcote (AIM: NCT) is pleased to announce that the Lutcher Moore #20 well (‘LM20’ or ‘the Well’) targeting the Frio Formation at the Shoats Creek Project in Louisiana, successfully reached total depth of approximately 5,500 feet on 14 July 2015. Mud logs have indicated the presence of hydrocarbons in the targeted payzone, in line with the pre-drill geological forecast.

The next steps involve running casing down the Well and analysing data recovered from the electric logs which are expected to be completed within the next few days. This will allow flow testing operations to commence next week to determine the Well’s commerciality. Further announcements on LM20’s progress shall be made in due course.

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For further information visit www.northcoteenergy.com or contact the following:

Notes:

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, such as its participation agreement with MX Oil PLC and agreement with Gaia Ecologica as well as Indonesia via a strategic relationship with CEB Resources.