Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/northcote-energy-initiates-asset-sales-process.shtmlNorthcote Energy initiates asset sales process
Northcote Energy says that over recent months, the Company has been in discussions with various parties who have expressed interest in acquiring its Oklahoma Portfolio.
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Northcote Energy says that over recent months, the Company has been in discussions with various parties who have expressed interest in acquiring its Oklahoma Portfolio.
Due to the current oil price market, the challenging financing backdrop for E&P companies, and the presence of many distressed assets owned by large public shale companies, the Board recognises that achieving an outright sale at reasonable values is challenging.
