Northcote has commenced work on the Moursand A-2 well, in the Little Drum Unit in Osage County, Oklahoma in which Northcote has an 51.75% working interest and 75.1% net revenue interest. This project will complete the targeted four well fracture stimulation programme planned for 2013 with fracture stimulation of up to six additional wells targeted for 2014.
Northcote CEO Randall Connally said, "We continue to make excellent progress in implementing our stated portfolio development strategy, bringing more wells into production, acquiring additional acreage and securing development partners. We are excited about the fracture stimulation of the Moursand well, following the success of the acid frac on the West Little Drum well, which continues to produce at 40 gross barrels of oil per day. Our technical staff made a compelling case for adding the well to the programme, given the oily nature of historical production, and the ability we now have to handle the additional oil and salt water production resulting from completion of the Little Drum pipeline project this summer."