Northcote Energy MD on acquisition, oil price and Darwin loan

Randy Connally, the managing director of Northcote Energy (LON:NCT), says the deal for ISDX-listed North American Petroleum is ‘an opportunity to combine our interests’.

Connally talks about the potential cost savings from the takeover and how asset sales could enable the company to repay its loan with Darwin, which Connally says has been perceived as an overhang by investors in the lower oil price environment.