Northcote Energy finds hydrocarbons in Louisiana well
Northcote Energy's Luther Moore 20 well has reached its target depth of 5,500 feet and encountered hydrocarbons.
Attis Oil and Gas Ltd (DI)
0.03p
13:49 03/12/20
0.00%
0.00p
FTSE AIM All-Share
728.67
15:45 15/11/24
n/a
n/a
Oil & Gas Producers
8,043.72
15:45 15/11/24
1.32%
105.17
The Shoats Creek site in Louisiana fell in line with geological yield expectations, with casing and logging operations already scheduled for next week.
Data will be recovered from electric logs within the next few days, which will provide further insight into the well's commerciality.
As of 9:30 BST, Northcote was trading 1.6% lower at 0.18p.