OREANDA-NEWS. Northcote (AIM: NCT) is pleased to announce that drilling of the Lutcher Moore #20 well ('LM20') targeting the Frio Formation at the Shoats Creek Project in Louisiana, is well underway and has reached circa 3,024 feet out of a total depth of approximately 5,500 feet.  The Company expects LM20, in which it has a 93% working interest, to reach target depth in 6-8 days.  Further announcements on LM20's progress shall be made in due course.

Northcote Energy Limited is an entrepreneurial energy company with diverse interests.  The Company combines a portfolio of US exploration and production assets in Louisiana and Oklahoma with the development of new business opportunities in the US and also in Mexico, such as its participation agreement with MX Oil PLC and agreement with Gaia Ecologica as well as Indonesia via a strategic relationship with CEB Resources.