EnCore Oil PLC

and i think they have a lot of other wells to drill over next 12 months too......this can only go up in my view apart from turbulence in the market

Don't lose sight of the fact that this sends a signal to the number of industrial
participants, who have shown "strong interest". Bid now or risk paying a whole lot more in 6 months? A ploy to force their hands, maybe?
cyril

no .... i think EO. board have been advised by Rothschild's to take a calculated gamble, and/or they already have a conditional offer in the drawer

Nice,
http://www.investegate.co.uk/Article.aspx?id=200804160700324177S
cyril

Very little responce to the latest news, surprising, just 2000 traded.
cyril

From today's Times:

Rumour of the day
Dana Petroleum's discovery of oil in the northern North Sea might be good news for EnCore Oil, which has rights to the block immediately south of the sector in which Dana struck oil. EnCore, which recently shelved the sale of its offshore gas storage project, expects to drill its Bowstring East project this year or next. It closed up p at 45p.

Seems little interest here? released yesterday,
http://www.investegate.co.uk/Article.aspx?id=200805120600031468UNow some on here might be a bit cynical(pun) who would take the line that
the 14 day testing time scale with a not to glossy picture could have something to do with the fact the "Blocks"next door are up for bids closing date 21st May?
cyril

rising nicely I hope it continues next week as I'm new to this one.

Loads of potential here,with the Gas Storage being the jewel in the crown.
cyril

why would the following knock the price by 10%? ......

EnCore Oil plc (LSE: EO.) announces that the EnCore operated 'Cobra' gas
appraisal well 48/2c-5 ("the well") on Southern North Sea block 48/2c has now
completed testing. The well tested at a maximum unstimulated dry gas rate of 1.1
million standard cubic feet per day with a flowing tubing head pressure of 230
pounds per square inch through a 32/64 inch choke. The gas was produced from
the Rotliegendes Sandstone through four and a half inch sand screens across the
entire interval from 11,189 feet and 11,683 feet measured depth below rotary
table.

answer .... it was a temporary blip

further detail as below, gives a slightly confusing signal ......

EnCore Oil Plc. said it is suspending its Cobra gas appraisal well on UK North Sea block 48/2c after testing showed that the unstimulated gas rate is not commercial.
The company said the suspension is pending further evaluation of the most effective well stimulation technique.

EnCore CEO Alan Booth said: 'We are naturally disappointed that the well would not flow unstimulated at 'commercial' rates. The results of the well have however given us greater confidence that Cobra contains a significant volume of gas in place.'

Some good news at long last!!! Here we go1

Looks like we might be due a bit of news here. Lets hope it's good!

A million! This baby is gonna finish the day higher!

0.0025 probably!
time the damn thing came back to life in a meaningful way

EnCore Oil plc (LSE: EO.) announces that the Company has agreed and completed the sale of its wholly owned subsidiary EnCore Oil Nederland B.V., whose only asset is a 10 per cent. interest in the Amstel field offshore Netherlands for consideration of US$5.5 million, paid in cash. The 10 per cent. interest in the Amstel field is encumbered by royalties payable to the previous operator and to others. The purchaser is TAQA Energy B.V.




Alan Booth, Chief Executive Officer, commented:




'The sale of the Amstel field follows a review of our E&P portfolio with the objective of focusing our capital on those projects that we believe can have a material impact on the value of the Company. Proceeds from the sale, together with the reduction in expenditure required to develop Amstel, will be focused on delivering our planned drilling programme over the next 12 months.'
cyril

EnCore Farms Out Interest in Blocks 210/29a & 210/30a

EnCore Oil plc (LSE: EO.) is pleased to announce that it has entered into a farm-out agreement with Dyas UK Limited ('Dyas') whereby Dyas will acquire a ten per cent. interest in northern North Sea Blocks 210/29a and 210/30a from EnCore. EnCore will retain a 16.6 per cent. interest in the licence.
cyril

For immediate release: 24 September 2008

Esmond Well Spuds

EnCore Oil plc (LSE: EO.) is pleased to announce that the Esmond field pressure test well has spudded. The Energy Enhancer jack up rig is drilling the well which is located on UK North Sea Block 43/13a.

The Esmond evaluation well is required to confirm that the underlying reservoir pressure has not risen significantly since the field was depleted and abandoned. Drilling operations are expected to be completed in approximately 21 days.

As part of the commercial arrangements between Star Energy (now a subsidiary of Petronas) and EnCore, Star Energy will bear the entire cost of drilling of this well. EnCore has a 50 per cent. interest in the project and Star Energy, the operator, also has a 50 per cent. interest.

cyril

For immediate release: 24 September 2008

Esmond Well Spuds

EnCore Oil plc (LSE: EO.) is pleased to announce that the Esmond field pressure test well has spudded. The Energy Enhancer jack up rig is drilling the well which is located on UK North Sea Block 43/13a.

The Esmond evaluation well is required to confirm that the underlying reservoir pressure has not risen significantly since the field was depleted and abandoned. Drilling operations are expected to be completed in approximately 21 days.

As part of the commercial arrangements between Star Energy (now a subsidiary of Petronas) and EnCore, Star Energy will bear the entire cost of drilling of this well. EnCore has a 50 per cent. interest in the project and Star Energy, the operator, also has a 50 per cent. interest.

cyril