EnCore Oil PLC

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.

I must be mad but could not resist not doubling up.....I'm going from a doubter to a surprise punter on recovery for this one....!, it is now cheap even if we dismiss Esmond as a failure and that still remains to be seen !.

That was my reasoning as well, rf, so we're probably both in the doo-doo. ;-)))

Agree at this price its well cheap.
Watch FTO expecting a bounce there latest update inline with expectations.

Even lower....but on 10000 shares only makes : 24 or so that I would have saved had I delayed my top up....on an update about "drilling being on course".....for the 2 wells ......along those lines.....it should rebound by 2p or so....so patience !, must hope no plunge to 6p....otherwise I should have listened to myself !.

I wish we could have the right market cap here....at the moment it says 97 million...it is nowhere near that !.

R/F Market Cap is 28.43m