Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas 5 August 2013 Northcote Energy Ltd (Northcote Energy or the Company) Frack Programme and Completion of Pipeline Project Northcote Energy (AIM: NCT), an onshore US oil and gas exploration and production company, is pleased to announce the completion of its pipeline project and an update on its on-going fracture stimulation programme at its flagship 51% owned Horizon project, located in Osage County, Oklahoma. * Mechanical issues at Big Hill #2 ("BH #2"), caused by excessive acid levels in the well bore following its fracture stimulation, have been addressed.

Following the successful resolution of these issues the Big Hill #2 is back on test and results will be available in due course.

Surface pressure readings of 250 psi compare favourably with the Big Hill #1 prior to its testing * Funds advanced to secure the frack of the next two wells - the next two fracks are fully funded and third frack is anticipated to commence in September 2013 with the fourth frack following shortly thereafter * Little Drum pipeline project completed to increase the salt water disposal capacity at the Little Drum Unit by utilising spare capacity at the Big Hill Unit, the highlights of this are as follows: * Substantial increase in salt water disposal capacity by up to 150%, from maximum rate of 4,150 barrels of salt water disposed in 30 days prior to completion, allowing for a proportionate increase in oil and natural gas production levels from the Little Drum Unit * The pipeline can now support salt water disposal volumes of in excess of 10,000 barrels per day * The additional salt water disposal capacity at the Little Drum Unit has already made a positive contribution to production rates but will also support the fracture stimulation of these wells as Northcote will have ample capacity to handle the higher water volumes associated with expected post-frack production rates Northcote Energy Managing Director Randall Connally said, "Following the successful frack results at the Big Hill #1 well it became apparent that we had live hydrochloric acid coming into the Big Hill #2 at levels that would have ruined submersible pumping units and tubing.

We therefore began a process of circulating fresh water into the wellbore to dilute the acid to acceptable levels.

We have now re-initiated flow of this well and look forward to announcing results to the market in due course. "While this process was underway we focused our efforts on completing the Little Drum salt water disposal pipeline both to increase production rates prior to stimulation of these wells, but also to support the increased water volumes that will result from fracture stimulation of these wells as part of our on-going work programme.

With this in mind, we are also excited to have scheduled the first of the next two fracks at our Horizon project and will announce further information once the details are finalised.

The pipeline project also had the benefit of increasing existing production and we expect this investment will be paid for from the increased liquids production, which is in line with our strategy to apply low cost high impact work programmes to increase production and provide a platform for future growth."
**ENDS** For further information and the full Admission document visit www.northcoteenergy.com, see below or contact the following: Randy Connally Northcote Energy Ltd +01 214 675 7579 Ross Warner Northcote Energy Ltd +44 7760 487 769 Dan Jorgensen Northcote Energy Ltd +44 (0) 20 7024 8391 Roland Cornish Beaumont Cornish Ltd +44 (0) 20 7628 3396 Jerry Keen Shore Capital Stockbrokers Limited +44 (0) 20 7408 4090 Bidhi Bhoma Shore Capital Stockbrokers Limited +44 (0) 20 7408 4090 Hugo de Salis St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Elisabeth Cowell St Brides Media and Finance Ltd +44 (0) 20 7236 1177
Notes: Northcote Energy Ltd is a revenue generative US onshore oil and gas production company focussed on the rapidly emerging Mississippi Lime formation in Oklahoma.

The Company participates with leading operators, including Midstates Petroleum and Chesapeake Energy, in low risk development plays where advanced techniques, such as horizontal drilling and fracing, are used to unlock known oil accumulations and dramatically improve recovery rates.

Management is focused on increasing production through a multi-well drilling and fracking campaign in 2013.
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