Northcote says that Abraham Achar, the Company's Executive Vice President of Mexico, has been appointed as President of the Latin American Oil & Gas Association (LAOGA) for Dallas, Texas. LAOGA is an organisation focussed on integrating and the sustainable development of the North and South American energy markets. In his role as President he will work to introduce US based companies to the opportunities opening in the Mexican Energy Sector and Latin America generally.
Notably Mr Achar, joined Northcote in March 2015 in line with the Company's strategy to pursue business development activities within Mexico's vast energy sector which has recently been reopened to international operators. In this vein, Northcote announced on 30 March 2015, that it had entered into an agreement with a Mexican company, Gaia Ecologica S.A. DE C.V, that was established by two oil field and environmental services companies to pursue opportunities in the Oil & Gas sector in Mexico.