EnCore Oil PLC

Wow how does one well costs 50% drop in sp...now 17p?

I'm thinking this looks rather cheap today. Watching.

Must be a buying opportunity. Discoveries not priced in, so shouldn't drop on faliure. With no intention of becoming a producer future values will be based purely on sellable assets. Reading todays RNS only top half of Esmond is a failure. I would expect a return to previous sp's fairly quickley. ie next couple of weeks.

bad call oily ..... much better oilies to throw money at, if you have to

Havn't gone in as yet, still watching HAWK and AFR. Time will tell but I think, gut instinct if you like, that this will recover fairly sharply.

This market is all about taking opportunities when they present themselves, and I think that this is one of those.

This is not advice to anyone only my personal view. Good luck to all.

my personal view to you, and remember i held these for quite a while , is do not even think about being tempted to buy

It will end up like Elixir Petroleum

i am afraid you could be right, though i always felt that ELP's directors were rewarding themselves far in excess of what the company could afford or its results warranted

Holy crap - I look away for a couple of days and it halves it value lol. I'm glad my retirement doesn't rest on my portfolio right now.

For immediate release: 5 November 2008
EnCore Oil plc ('EnCore' or 'the Company')
Director/PDMR Shareholding
EnCore Oil plc announces that it was notified on 4 November 2008 that Christine M.K. Wheeler OBE, a Director of the Company, on that day purchased 94,000 ordinary shares of 5p each in the capital of the Company at a price of 15.75p per share. Following this transaction, Mrs. Wheeler holds 2,250,657 ordinary shares, representing 0.73 per cent. of the issued share capital.

I've bought a few of these this morning.

;-0

i got some at 10.5p

Been watching...never been in this one before...could not understand what all the fuss was about !....sp really savaged....might be time to buy but they are drilling (a wildcat) I think...if that goes pearshaped you could be looking at 6p or so !.

but not forever.....plus east and west breagh plus cash

In the long term it should be a lot higher....but then there are a lot of depressed oilies to choose from !, what I nearly did this morning (should have ) was to buy at 10.25 and sell at 11.25 for a quick buck !, on the dead cat rebound !.

Well done to make a profit, as I'm not convinced by Dir buy just 14k-worth when they already hold so much.
Recently EO. ann. a partial failure of a gas-storage facility (but who says this is easy?).
- only history awards "titles" . . . however, sometimes a co will have poor advice perhaps and/or because they failed to understand the other party's (undeclared) interests - or .....?
Does anyone know the history of this company, are they serially unlucky, or just too small to bid for "better" prospects, etc.?

for goodness sake, stay away from this share ...... i have a nasty feeling it will not survive

Plenty of others to choose from and there is is a very big risk with this next well that they are drilling !.

You sound like the critical parent cynic!

;-)

sometimes one needs to treat some of the friends here as children