EnCore Oil PLC

Brave, stupid. You never know, cynic, but you gotta be in it to win it as they say.

i know the possible disaster scenario for EO. ...... is your reckoning purely that at this price the odds of EO. coming up with something juicy are pretty short, or do you have some other thoughts? ...... if the former, why are the odds any shorter than for say EME or ELP (even!)

cynic

The main reason is Breagh and I discount, to a certain extent, the apparent failure of Esmond.

Breagh is a pretty good producer (as opposed to EME's meagre offerings thus far) and EO. have a sizeable stake. The UK needs all the gas it can get and I work in that region. The gas spot market is highly volatile as the UK is a net importer for the first time in 40 years - the southern gas sector will offer very high returns for some time to come IMO.

As for gas storage, to me it's only a plus. I don't see huge upside by getting into the side of it, although I could be wrong. As such, I see the past couple of days' hit as being very far overdone.

Additionally, I think this outfit has very good management with an excellent track record, albeit they play on the Buzzard thing a bit too much. Buzzard was massive at the time - I know because I was there and EDG did unbelievably well out of it.

At the end of the day, it's a punt as with all exploration outfits, but this lot offer so much more than others IMO. I'm prepared to stick around for some time and quite prepared to lose all I've put in. If they double I'll no doubt be gone, but I picked them last year and saw them more than triple. I feel there's a good chance they'll do so again.

On EME, I see the latest news didn't last long, but then you and I agree that's a red herring. ;-)))

i thought you must have more logic that just backing the odds! ...... with Dow heading sharply south tonight (no surprise there), i guess there's good chance of EO. also falling away a bit more tomorrow, so may well follow your reasoning.

by the way, do you have any views on HAWK?

Never looked at them really, but might find the time.

interestingly, IG looks to be pretty much "limit up" on long buying, so had to get permission from the Pope to acquire ...... sounds like many agree with your view Al

Careful ! one ought to be : EK has dumped this....."on lower expectations" !.

We can be either right or wrong, cyninc. ;-0

RF .... at worst, the downside is the whole of my smallish investment, but as AL points out in his knowledgeable post, the upside is potentially significant

One of the biggest problems with small speculative stocks is : "the promising acreages", they can have loads of different propositions for drilling but the bottom line is : what is down there ?, this has bits and pieces all over the place....drilling all this will cost a packet...could be further drops for the sp to come !.

rf - you are not wrong. You need some exposure to high risk stuff, though. I just think this one has less risk than others after this fall.

Big Al.....this will at some stage rebound but from where....sp might slide below 10p....by the way....I have lots of risky small oilies...check out PTR....progress being made and sp on the recovery !.

Euhhh !, was it something I said ?, sp on the slide again !.

rf - please keep quiet in future! ;-)))))

Sorry Big Al....shall stick a ping pong ball in my mouth.....mmmmmmm !, that just leaves the fingers free !.

LOL!

As it is....below 10p.....have decided to join you....got in (very small punt) at 10p exactly.....though this could be going lower still if the next wildcat well is a duster......in 3 to 4 months ...should be back above 15p !.

Encore oil. Drilling at Breagh provided evidence of an appraisal well drilled at East Breah in August will be followed by a second at West breagh this month. It is also confirmed gas at its Barbarossa well and production will start early next year. Encore still ended the half year with better than expected cash position and also sold its Amstel asset in Netherlands. Broker KBC peel hunt values En Core at 90p a share. A Strong BUY. for Encore Oil.

star energy is to drill a well to test the pressure at Esmond shortly. Assumeing the appraisal is on course. Indications are comeing in that this well is successfull. Encore will deliver the technical as mentioned and on course to reach new highs.

Well worth a punt at this price.
When did KBC release re-value to 90p shadow.