EnCore Oil PLC

Investor's Chronicle has advised BUY on Encore Oil this week...given its expanding portfolio and its upcoming Golden Eagle project and its good cashflow.

hyloe, URGENT! Why the hell are we getting som much of a pasting with this share. Although I see it has great prospects..but its wierd!

hyloe, do u think its worth topping up?

I think it is, jameel

hyloe, but why has the sp taken a rocky ride recently

Investors Chronicle



The Cover Story:
*How to ride the Bull Market (ways to maximise your returns).

Tips:
*Buy Alliance & Leicester - Cranswick (LSE: CWK.L - news) - Sinosoft Technology (LSE: SFT.L - news) - Walker Greenbank (LSE: WGB.L - news) - Encore Oil (LSE: EO.L - news) .
*Sell Taylor Woodrow at 381p.

Updates:
*Buy SABMiller and BDI Mining (LSE: BMG.L - news) .
*Diploma and Stanley Gibbons (LSE: SGI.L - news) are good value.

for Jameel! ...... This does not look to be an uninteresting company, though it is very new to market ..... However, it has acquired some decent (they hope) drilling rights which is a good start .... Nevertheless, as you should remember from ELP, it is a long long way from having rights to getting the stuff out of the ground.

To be honest, if choosing a low priced oilie, I would rather put my money in MRP or SEY or even CHP (more risky imo) ...... and for a fossil-fuel alternative, GTL

17.03.2006 - Trust ENCORE to do it again - GE INVESTORS!
Regardless of whether crude prices go up or down, you can always make good money in the oil sector by backing proven management who have shown themselves capable of building up production year after year. We saw this again recently with Roy Franklin agreeing the sale of PALADIN RESOURCES for 355p per share. You could have bought these for under 75p little more than 3 years ago. Harry Wilson is another serial company builder and his STERLING ENERGY is already up to 24p compared with 2p at the beginning of 2002. Once you have built up a public oil company and rewarded yourself and your backers by selling out, it is not difficult to assemble a portfolio of prospects and get brokers and bankers to finance exploration and development. The trick for small investors is to get in as early as possible. It is not surprising therefore that the respected oil analyst at KBC Peel Hunt, Tony Alves, has called Alan Booth's latest vehicle, ENCORE OIL, a " big bird hatching". As the former MD of EnCana UK, Booth and his team were responsible for discovering the Buzzard Field, the biggest North Sea find in 25 years. After a marvellous 8 year run, EnCana was finally bought by Nexen for $2.1 billion. Booth is joined at Encore by another big hitter, Michael Lynch, who takes over as Chairman. Lynch has already built up and sold 2 major oil companies, Santa Fe and then Saga Petroleum both in $ 1 billion + deals. The two men have assembled a useful portfolio of both exploration and development properties which they have reversed into Oil Quest Resources since aptly renamed Encore. The shares were requoted a couple of weeks ago at around 30p and have since crept up to 34p. Booth and Lynch inherited from Oil Quest interests in a dozen onshore UK licenses and one offshore gas license. In addition they themselves have brought in half a dozen undeveloped North Sea discoveries and a 25 % interest in 2 pure exploration plays, one of which is the exciting Golden Eagle prospect which will be drilled later this year. The 2 men have definitely hit the ground running. Within a couple of weeks of being requoted, Encore has already announced a successful onshore gas well in the Cleveland area and has signed a major offshore licence deal with the government of Western Sahara. We expect Encore's North Sea activities to drive strong production growth over the next few years and there should be plenty of solid news flow for shareholders to get excited about. As always with oil companies, it's the personnel that counts and they dont get much better than this team. The current market value of Ł60 million could look very historic in 2 or 3 years' time. You can read more about Encore on the company's excellent website at www.encoreoil.co.uk and even arrange to receive their newsletter.

Cynic thanks! for your time

Jameel
Many thanks for your latest posting, though it does read like a placed editorial - the article that is, not your posting of same! I confess I do not agree that the major asset of an oil company is its personnel; a company's major asset is its ability to find and extract oil, a virtue (or luck!) which is only partially dependant on its personnel. The article also avoids mentioning that the majority of mini-minnows actually fail (as imo, will happen to ELP).

As with my own business (not yet dealing direct in China), and also my investment in the likes of VOG, I am more than happy to enter the fray what would appear to be rather late in the day. IMO, the risk of a bad pick is then considerably reduced and the profits available much more than adequate.

that makes real sense. I am very new to all this, so on a steep learning curve. Will take your advice! I always thought SEY was a good option as it had successful oil finds! But had to come out for other reasons. Just contemplating what to do with parts of my next salary. I might consider SEY again, although it seems it has reached its peak!

From NOP news today. Encore has 10% stake in PEDL 126 & PEDL 155

UK ONSHORE

Northern has a portfolio of exploration, appraisal and production interests in
south east England. Near term activity will be focused on the Group's Weald
Basin assets, upon which Exploration Consultants Limited ("ECL") issued a
report during April 2005. The reserve estimates set out in that report were as
follows:

Gross reserves Proved Proved + probable Proved + probable
+ possible

Oil 1.27MMstb 3.6MMstb 26.5MMstb

Northern anticipates drilling, as operator, one appraisal well within PEDL 126
and one exploration well in PEDL 155. It is also involved, holding a 5%
interest, in the further appraisal of the Avington discovery. Northern will
also continue to further progress its other operated licences with a view to
adding to its inventory of future appraisal and exploration wells.

the fall in stock value is well overdone, with the drilling expected by apache
on block 19/1 in north sea second half of the year, the share price should increase
up to drilling, and if the well comes in , well the share price will go up considerably.

SG - BUY BUY IF YOU CAN. Directos seem ot have topped up. i will be buying on fri

alot of director buying and institutional investors. Why? Drilling is due to commence!

Price today 24 - 26p +1p

Had a very good week, as it has risen every day

It has done the proper head & and Shoulders so far

have just been put onto this stock ..... what's the story?

Do you still have an LSE account cynic? Take a quick look over there on EO. at the Westderdale 1 results, there is the possibility of more conclusive results coming although it was slated as appearing in October... There is also the latest round of North Sea licenses due to be announced this month.

I bought these at 15p over a year ago and have been sitting on them ever since as a more long term investment.

gbrown, I am glad that some1 has finally caught on!

Second haLF 2006 WILL BE THE MOST PROMISING GOLDEN EAGLE COMES ON BOARD! alot of potential..look at the my earlier posts

Anyone else have any views on this very recently floated company? ..... UBS seems to hold 11%, but NMS is only 5000