🕐14.08.14 - 09:00 Uhr

NORTH AMERICAN PETROLEUM - INFRASTRUCTURE IMPROVEMENTS AT ZINK RANCH PROJECT, OK
LAHOMA, COMPLETED WITH 2 WELLS NOW ONLINE AND A FURTHER 2 EXPECTED IN THE NEAR TERM



North American Petroleum Plc/ Index: ISDX / Epic: NAPP / Sector: Oil & Gas 14 August 2014 North American Petroleum Plc (NAP or the Company) Update on Zink Ranch Project, Oklahoma North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, notes that Northcote Energy Ltd (AIM: NCT) (Northcote), its partner and operator of the 1,520 gross acre Zink Ranch Project (Zinc Ranch or the Project) in Oklahoma, has today announced that it has successfully completed infrastructure improvements at the Project in Oklahoma and accordingly, the recently recompleted well #13 is now online.

This update is in line with NAPs strategy to rapidly build net production and reserves through the acquisition and development of leases in liquids rich hydrocarbon plays. Recompletions at four wells at the Zinc Ranch were conducted in May 2014, and two of these, wells 8-A and #13, are now in production.

The two further wells, #14 and #15, will be brought online shortly.

A total production figure once all four wells are back online and initial gross flow rates are available will be announced by Northcote and NAP. The completed infrastructure improvements at Zink Ranch will enable the site to accommodate the current and anticipated increases in gas and fluid flows resulting from Northcotes fully-funded 2014 work programme.

The programme which will include the recompletion of fourteen existing wellbores into previously untapped payzones and the drilling of four new vertical wells at Zink Ranch, is anticipated to be restarted in the near term. Additionally, the Company is pleased to announce that it has commenced the workover of the Lutcher Moore #9 well at its Shoats Creek Project in Louisiana. NAPs Managing Director Stefan Olivier said, "We are delighted to report that the recent infrastructure improvements have proved successful and that well #13 is now online.

With two wells now in production and a further two targeted to come on-line in due course, we eagerly anticipate evaluating the production rates and in turn increasing the production of Zinc Ranch as a direct result of these low cost well recompletion initiatives.

Additionally we are pleased that our other asset, the Shoats Creek Project in Louisiana is also making good progress with the workover of well #9 underway.

With the following in mind, we look forward to providing further updates on our multi-well development and drilling programmes for 2014, as we continue to grow NAPs production and reserves." Northcote Energy Ltds full release Northcote (AIM: NCT) is pleased to announce that it has successfully completed infrastructure improvements at the Zink Ranch Project in Oklahoma and accordingly, the recently recompleted well #13 is now online. The Company undertook recompletions at four wells in May 2014, and two of these, wells 8-A and #13, are now in production.

The two further wells, #14 and #15, will be brought online shortly.

The Company intends to provide an updated total company production figure once all four wells are back online and initial gross flow rates are available. The now completed infrastructure improvements at Zink Ranch will enable the Project site to accommodate the current and anticipated increases in gas and fluid flows resulting from the fully-funded 2014 work programme.

It is anticipated that this programme, which includes the recompletion of fourteen existing wellbores into previously untapped payzones and the drilling of four new vertical wells at Zink Ranch, will be restarted in the near term. Additionally, the Company is pleased to announce that it has commenced the workover of the Lutcher Moore #9 well at its Shoats Creek Project in Louisiana. Northcote CEO Randy Connally said, "With infrastructure improvements now complete, we are positioned to increase net production in the near term and we look forward to evaluating the production rates.

We now have two wells online at this asset and we are positive that we will see an increase in production as a result of these low cost/ high impact recompletion initiatives.

We benefit from having control of our portfolio through majority interest or operatorship of our core assets and this provides us with flexibility in terms of our ongoing work programme.

We are excited about Shoats Creeks potential and we have made the decision to commence a workover at one of these wells.

I look forward to providing updates regarding the results of all these initiatives and an updated total production figure in the coming weeks." **ENDS** For further information and the full Admission document visit www.napetroleum.com or contact the following: Stefan Olivier Brinsley Holman North American Petroleum Plc Keith, Bayley, Rogers & Co. +44 (0) 7595 779520 +44 (0) 207 464 4090 Frank Buhagiar St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Media and Finance Ltd +44 (0) 20 7236 1177
Notes North American Petroleum Plc acquires leases in producing onshore US formations such as the Mississippi Lime, Oklahoma, where the application of new techniques and technologies such as horizontal drilling and fracture stimulation can dramatically improve recovery rates.

Revenues generated out of production are reinvested into both new wells and into the acquisition of additional leases to build a portfolio of producing and undeveloped assets focussed on lower risk oil rich plays.

To date, NAP has acquired 1,523 net mineral acres in the liquids rich Mississippi Lime play and has interests in 31 producing wells and a further eight either drilling or waiting to spud.

The value, as determined by an independent appraisal of NAPs proven reserves currently stands at US$21m and is broken down as follows: 1.

PV10 of US$6.7m (as of 1 November 2012) for NAPs 28.7%/21.65% working/net revenue interest in the Steele and Steinberger wells in Osage County Oklahoma 2.

PV10 of US$10.064m (as of 1 November 2012) for NAPs 24.2%/16.8% working/net revenue interest acquired in the Little Drum Unit in Osage County, Oklahoma 3.

PV10 of US$4.29m (as of 1 September 2013) for NAPs 30%/23% working/net revenue interest acquired in the Mathis Unit in Osage County, Oklahoma
[cid:image002.png@01CECBDD.61F8A860] Frank Buhagiar St Brides Media & Finance Ltd 3 St Michaels Alley, London, EC3V 9DS www.stbridesmedia.co.uk Tel: 0207 236 1177 | Mob: 07788410221 | Twitter: @StBrides1



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