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Northcote Energy, Stratmin and Mosman Oil & Gas to present at next Thursday's investor forum

Published: 02:00 05 Jul 2014 AEST

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Next Thursday we have a mixture of resource companies presenting at our investor forum. Whether it's Oil & Gas or Mining we have something that wil whet your appetite.

Joining us at the Chesterfield Mayfair Hotel on July 10 will be Stratmin Global Resources (AIM:STGR), Mosman Oil & Gas (AIM:MSMN) and Northcote Energy (AIM:NCT)

Please ensure you don't miss out by booking your place HERE.   

Mosman Oil & Gas (LON:MSMN) has enjoyed early success developing the Petroleum Creek licence in New Zealand. The 182% rise in the share price since listing in March reflects the progress to date.

The Cross Roads-1 well, its first on the acreage, was very quickly declared a success and the rig has already moved to drill the next shallow prospect. 

A 3D seismic survey is underway to identify just which will be the next cab off the rank in what is a fairly aggressive, but low-cost exploration programme. 

The £1.6mln acquisition of Trident bolsters its position in Australia – a largely overlooked, but important second leg to the business.

Explaining the proposition and the plans for the remainder of the year will be Chairman, John Barr.

US–focused Northcote Energy(LON:NCT) ambitions have grown over the past year as it moves into the next phase of its development as a sustainable E&P business.

After snapping up several properties last year in the Pennsylvanian Mississippi Lime formations in Oklahoma, Northcote was a key member of the consortium that has just acquired Aminex’s US business.

And increasingly, as it grows its portfolio, Northcote is taking over as operator at these properties.

It runs three currently and plans to take over at Shoats Creek, one of the properties that came with Aminex, though most of the excitement this year will most likely come from Zink Ranch, in Oklahoma.

Having cruised past last year’s target of 100 barrels per day, Northcote recently said it was confident of hitting the next milestone of 250 barrels daily by the end of July.

Joining us to tie all of the recent activity together will be Randy Connelly, Northcote’s Chief executive.

A first sales contract for Stratmin Global Resources (LON:STGR), the Madagascan graphite production company, is indicative of the progress made by the new management team over the past year.

The contract, with an unnamed US-based graphite trading company was modest, but StratMin expects more to follow now that is has proven its ability to produce and sell a premium graphite product.

Volumes at the Loharano mine in Madagscar are also set to ramp up in the coming months as a new de-watering plant comes on stream.

That will lift output to around 300 tonnes per month from 120 tonnes currently and the level where the company becomes cashflow break-even.

Manoli Yannaghas, Stratmin’s Director is joining us to explain how the company intends to build on its recent work and resume its growth.

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