Northcote Energy exercises options over Horizon Project

Northcote Energy, an onshore US oil and gas exploration and production company, said Wednesday that it has has exercised two of its options to acquire an additional 10 per cent working interest and an average 2.2 per cent royalty interest in the Horizon Project in Oklahoma.

Northcote Energy, an onshore US oil and gas exploration and production company, said Wednesday that it has has exercised two of its options to acquire an additional 10 per cent working interest and an average 2.2 per cent royalty interest in the Horizon Project in Oklahoma.

The move increases the company's working interest in the project from an average of 28.5% to 37.5% and boosted its net revenue interest from 21.4% to 30.1%.

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