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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Northcote | LSE:NCT | London | Ordinary Share | VGG6622A1057 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0285 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.0285 | GBX |
Northcote (NCT) Share Charts1 Year Northcote Chart |
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1 Month Northcote Chart |
Intraday Northcote Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/1/2022 | 10:59 | Northcote Energy, about to blast off in a very big way | 17,387 |
| 29/7/2016 | 11:56 | Northcote. Will free speech be censored again? | 74 |
| 27/8/2015 | 12:38 | Northcote Energy | 47 |
| 20/2/2015 | 15:07 | Northcote Energy, about to blast off in a very big way | 66 |
| 23/11/2014 | 15:15 | Northcote Energy Plc - Growing Production in the USA | 26 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 29/4/2016 07:17 by spazzz Did anyone see this RNS from 27th April - for some reason it's not showing in the ADVFN news feed above?Wednesday 27 April, 2016 Northcote Energy Ltd Elects to Acquire Interest in Andalas’ Conces... Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas 27 April 2016 Northcote Energy Ltd (‘Northcote Elects to Acquire a 3.75% Interest in Andalas’ Concession in Indonesia Northcote (AIM: NCT) is pleased to announce that it has exercised its right to acquire a 3.75% working interest in the Tuba Obi East Technical Assistance Contract (‘TOE’), which is located in the South Sumatran basin approximately 30km north-west of Jambi city in Jambi province, Sumatra. This is in line with Northcote’s Participation Agreement with Andalas Energy & Power Plc (‘Andalas̵ Highlights In line with the Company’s strategy to create a diversified oil and gas company with investments across the oil and gas value chain TOE is the entry point for Andalas into the attractive Indonesian gas and power sector and any future gas production from the concession may support either: Gas export with the project located close to a major export route; or Gas-to-power being located in an area where a significant shortfall in power generation exists Andalas will undertake a work programme comprising technical studies and the drilling and testing of one well which would be put into production on success Wells drilled historically have tested gas in the key South Sumatra hydrocarbon bearing formations, namely, the Air Benakat Formation (‘ABF’) and the Talang Akar Formation (‘TAF’) Andalas’ technical analysis indicates that this reservoir zone contains potentially substantial gas resources that can be proven via the drilling and flow testing of the proposed TOE-2 well Northcote to fund its proportional share of the costs, estimated at a total gross amount of US$200,000, for which it is fully funded Northcote Managing Director Randall Connally said, "Indonesia is a prolific oil and gas region, and I am delighted to have secured Northcote’s entry into the country’s highly attractive gas and gas to power markets through the acquisition of a 3.75% WI in TOE. The presence of gas at TOE is proven and considering the solid infrastructure in the region, we believe this Concession represents an excellent opportunity to generate value for Northcote’s shareholders. Andalas is planning to drill a new well in the near term, and subject to the results, this could signal the start of an exciting development campaign. Combined with our plans to drill two back to back wells at the producing Shoats Creek field in Louisiana and with the construction of our waste remediation facility in Mexico fully funded and underway, the next few months will not be short of high impact newsflow.” * * ENDS * * |
Posted at 20/4/2016 20:15 by lazygun Current shares around 8.5 billion, with share price 0.05, equates to mkt cap of about £4.2 million.So, add 500k to the mkt cap, (the placing funds), gives rise to mkt cap of £4.7 million, with 10.1 billion shares, equates to a share price of 0.047, so not a lot of dilution. If you assume worst case, mkt cap stays same with add like shares, share price might drop to around 0.04. If you add in some selling due to negative sentiment, then maybe drops to around 0.035 ish. However, if they're then getting mdf up and running, bizarrely this might be the start of a turn around in Nct fortunes.... I'll pile in once it drops to that level, and they confirm mdf starts generating cash... ( Ie no more dilution) L |
Posted at 07/2/2016 11:52 by harvester Glib:I have to admit that I have very little knowledge of this company after only a brief and fleeting glance . If they have a producing well (Shoats creek well?) that is obviously a positive and indicates that it is not a completely "jam tomorrow" story since so many AIM companies live on hype and investors dreams of quick riches . No doubt you are aware that many shale oil companies with producing wells live on borrowed time due to negative cash flow and struggle to survive even while pumping oil which sells for less than the operational costs of producing just to service debts and keep the dream alive . I am not even sure what a notifiable interest for NCT is since the company lists 6,005,002,377 shares outstanding while ADVFN lists 4,748,140,000 shares . My impression is that the two criteria critical for the company are: (1) Rate of cash burn and how it can be reduced 2) the availability of finance either by share placing or loans to sustain NCT as a going concern until revenue income improves A further risk for investors is that the closed period for sale of the 21% stake by NAP expires this summer with a potential flood of shares coming to market just when NCT has great need to raise more cash by placing . Sorry to see you caught up in this and hope that you get an opportunity to exit at a tolerable price . |
Posted at 20/1/2016 09:41 by liquid millionaire Please find attached our updated valuation research note on Red Rock Resources Plc.#"Red Rock Resources (RRR) today announced an agreement to acquire a 20% working interest (14.4% net revenue) in near term producing well (LM20) on the Shoats Creek Field in Louisiana for a modest consideration of US$200K ($120K cash + $80K / 4.5% 3 year note)." ... "Despite current low oil prices, according to our estimated risked asset valuation model, with oil at ..." "... our target share price has moved up proportionally higher from 4.0p to 4.2p due to better than expected debt management. With new cash flow producing assets being added, reduced corporate overheads and a project portfolio with multiple asset realisation catalyst potential, the shares offer considerable upside from the current share price of 0.375p and ultra low market cap of £0.9m. We therefore continue to rate Red Rock Resources Plc as a ‘Buy’." # Dowgate Capital act as Broker to Red Rock Resources Plc. |
Posted at 20/1/2016 08:49 by lazygun £750k was for upgrading infrastructure, AND to cover some costs relating to the Mexico bid, so the RNS stated. Which is interesting considering Nct direct bid process then ended only two and a half weeks later....(23rd Nov to 10 Dec). Not even a RNS to note share price decline, with the usual "knows of no reason...." Clause issued. Nct board are really letting themselves and everyone else down badly here... L. |
Posted at 16/12/2015 09:43 by orslega LONDON (Alliance News) - MX Oil PLC and Northcote Energy Ltd both saw their shares rise on Wednesday after MX Oil secured four out of the five concessions it applied for under the landmark licensing round held in Mexico.MX Oil shares were trading up 11% to 2.31 pence per share on Wednesday morning whilst Nortcote shares were up 9.6% to 0.0685p. MX Oil applied for five of the 25 onshore land contract areas that were available under the licensing round, which was significant as it signalled the re-opening of Mexico's energy sector to foreign companies after 76 years of a state monopoly. MX Oil is working with its partner Geo Estratos in the country, where it has now secured four concessions in the Veracruz region. Those concessions are Tecolutla, Ponton, La Laja and Paso de Oro. Northcote released its own statement noting the awards as it has a participation agreement with MX Oil to participate in any concessions or other projects MX Oil is involved in Mexico with a 20% interest. Northcote said once MX Oil has formally informed the company it has been awarded the concessions, it will have 20 days to decide whether or not to participate. Should Northcote elect to participate in the concessions, it will have to pay its share of costs to develop the projects. Importantly, Northcote also holds 38.8 million warrants over MX Oil shares which could only be converted once MX Oil had acquired an oil and gas asset in Mexico. Of those warrants, 30.0 million can be exercised at 2.0p per share. The remaining 8.8 million warrants can be exercised at 3.0p per share, but also have additional provisions before they can be exercised. Split into three equal tranches of just over 2.9 million warrants each, Northcote can exercise the first tranche once MX Oil's share price averages over 6.0p over a 60 day period, the second tranche once the average share price exceeds 12.0p over a 60 day period and the last tranche when shares average 18.0p. The other concessions awarded under the licensing round to other companies lie in the states of Chiapas, Nuevo Leon, Tabasco and Tamaulipas. The size of the potential resources within the areas acquired is unknown, but back in May MX Oil said it was targeting up to 100.0 million barrels of oil equivalent. MX Oil Chief Executive Stefan Olivier said: "We are delighted with this outcome after two years of hard work in Mexico with our partner Geo Estratos. We undertook significant work in our assessment of these blocks and we are thrilled to have been successful in acquiring all our primary targets in an area that our team understands very well. These blocks, given their proximity to each other, provide logistical synergies and cost savings that further enhance the project economics of any single block." "We believe that the reserves in these blocks are potentially far larger than initially assumed, and we expect to confirm this by commissioning a competent persons report in the near term. We believe these concessions will be transformational for MX Oil and we look forward to releasing further information regarding these assets in due course," he added |
Posted at 16/12/2015 09:17 by orslega sleveen - RC will have many options with 4 field awards.....when the updated CPR are published there will be many O&G operators wanting to get a slice of that action...by the way these are producing fields, not exploratory wells...likely scenario imo, in due course he'll spin off one or two of the field participation for cash and take a free ride, enabling cash participation in his chosen field; the important point now is that the warrants and participation rights vest for NCT. Every 1p over 2p on MXO share price worth £300K to NCT. The next share price trigger will be MXO Aje debt funding and then the biggy - the updated CPR on the 4 fields which SO said is now a priority. RC has no intention of selling any warrants at this juncture.. |
Posted at 16/12/2015 07:20 by noli Warrant position that vests on procurement of a Mexican oil & gas project•30,000,000 warrants at a 2p exercise price •8,793,103 warrants at a 3p exercise price as follows •2,931,034 warrants vest when the 60 day average MXO share price exceeds 6p •2,931,034 warrants vest when the 60 day average MXO share price exceeds 12p •2,931,034 warrants vest when the 60 day average MXO share price exceeds18p |
Posted at 24/11/2015 10:50 by noli From lse;tom2468 Posts: 452 Premium Chat Member Off Topic Opinion: Strong Buy Price: 0.00 HERE IS ONE OF MY REPLIESToday 10:30 You bet, and no worries.....it has been a brutal year, no doubt about it. The best thing about 2015 is that it will soon be over! Actually, I take that back - we did make the LM#20 and with that have proven we have one heck of an oil field. We are doing something controversial for an AIM junior - instead of taking 2,3 or 5% of a good asset....we took 70% and that has caused some challenges digesting it, especially in a challenging commodity price environment. But, we are just about over the hump, the cash flow hump, and not only will this asset make us cash flow positive.....we will be a cash flow machine in 2016 and with that we will have a lot of options to consolidate our share count. Cash flow is strength and strength will beget increases in the share price. That is certain. Now, we also have some wild cards - MXO has been down and out for a few months but I think that share price is going to get moving with some big news near term and keep in mind, we make some good cash on those warrants I will be supportive of using half or more of that windfall to buyback shares. We also have our own ventures in Mexico and participation right with CEB. Shoats is going to be a news machine for the next 2-3 months culminating with a second well and 350-500 barrels per day of production out there.....so news flow should not be a problem. |
Posted at 24/11/2015 09:20 by orslega no mention of Mexico onshore bid....that is the big driver short term - pre-qualification news this Friday and bid results circa 3 weeks time....one successful bid imo will be worth another SC and probably more...RC said he's bidding on at least 8 fields...MXO are expected to secure at least 2, then our 38M warrants kick in.....anybody's guess what value that will add to NCT share price.... Mark my words the traders will be positioning for that - envelope opening 15/12 |
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