Northcote says that drilling on Shoats Creek will commence as soon as possible. The Shoats Creek property in Louisiana has suffered a prolonged period of heavy weather, once this passes drilling will commence. The Company will inform the market in due course that the well has been spudded.
Northcote Managing Director Randall Connally said, 'Our permitting and other regulatory requirements to drill a new well at Shoats Creek are all in place and our drilling contractor is on standby for a break in the historic series of thunderstorms and rainfall that have inundated parts of Louisiana, Texas and Oklahoma with flooding this year. Once the weather clears and the ground has had a chance to dry out, we will be commencing with the new drill immediately.'