Project Profile
Value: Undisclosed
Location: Osage County, Oklahoma, USA
Reserves: unknown
Area: 1,040 acre
Production: 30 boepd gross
Start-up Year: -
Northcote has a 100% working interest in the 1,040 acre Oklahoma Energy project in Osage County, Oklahoma. The acquisition of this project in April 2013 provided the Company with accredited operator status in the county. The project area currently produces in excess of 30 boepd gross from the shallow Bartlesville formation. An ongoing workover programme initiated on the existing wells has already successfully increased gross production from the 12 boepd at the time of the acquisition. Northcote is targeting production of 50 boepd by the end of 2014 through continuation of the workover programme.
The area has strong Mississippian potential which has been underpinned by Encana Corporation and Chaparral Energy’s recent successes to the north and the south of the OKE Project. Northcote Energy plans to undertake a 3D seismic programme in 2013 to assess future drilling targets in the Mississippi Lime. Importantly, the project benefits from excellent infrastructure which will support increased production both from the Bartlesville and from other formations including the Mississippi Lime and Cleveland Sands.
Operators:
Northcote Energy Ltd: Operator with 100% interest