EnCore Oil PLC

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

I'm in. When we get closer to drilling on Golden Eagle we will see the price move in anticipation. The moves of the last few days are not convincing - all based on very low volumes. Look at today's drop on pathetic volume. It's just the MMS responding to a few PI sellers. I think that they are just trying to keep balanced books and not pay over the odds to willing sellers.

when is Golden Eagle due to spud? can spot no reference

cynic, no specific date. The company has only said 'second half of 2006'. This could in fact mean anything uo to 31st December!..... So prob. i'm no help! It prob. useful to look atr Eo.'s cash reserves they are huge! Apache will be drilling I assume Oct?

Just a refresher for eo. holders. U experts will already know most of this. Some points to note from the Hoodless Brennan findings:

Encore is more than just the North Sea: Remember it has the Laguera Block adjacent to Mauritania (look what happened to SEY when they explored in Mauritania). Also this block is only 175km to the south of Pelican Gas Discovery.

I believe Encore will be involved in some sort of M&A activity depending on its success. If management feel uncomfortable with likely chance of oil discovery they may sell out early if they dont then they WILL STILL SELL but much later. Why do I say this? Well look at the career resume of all the Directors:

Alan Booth; Co-founder of EnCore; former chairman and Managing Director of EnCana UK (sold to Nexen Corporation for US$2.1bn)

Finance Director of EnCana UK responsible for mergers & acquisitions including the sale of EnCana to Nexen. Has had over 20 years experience in the oil industry including Head of Group Finance at Enterprise Oil as well as mergers & acquisitions
experience.

Former Chairman and CEO of Intrepid Energy which was sold in 2004 for US$1.2bn.

The team have good contacts with North Sea oil majors Hoodless Brennan article

Is Encore cash rich?

In short term Encore is cash rich, post its 17.5m raising it will have 19.5m (29% of the market cap). This should reduce by approx 10m over 2006 due to work programme activities. EnCores 9.1m drilling budget has been fully funded
via a 17.5m new equity raising at 15.625p per share leaving it cash funded at least to 2007.

The total unrisked contingent resources of the Petro-Canada licences being acquired by EnCore Petroleum are 24.3m bbls. Further appraisals could result in substantial upgrades to the resource definition of these properties (which are
being sold for just US$1.75m).

NB: Next Results: Finals, September 2006

UK smallcap opening - Encore Oil boosted by Investors Chronicle 'buy'
AFX


LONDON (AFX) - A 'buy' recommendation in the Investors Chronicle boosted Encore Oil 1-1/4 pence to 23-1/2. The weekly magazine pointed out that KBC Peel Hunt values the stock at 22 pence, based on the discoveries already under licence, and the company's 18 mln stg cash pile.

Putting a discounted valuation on the exploration properties adds a further 60 pence a share, but if Golden Eagle, the company's key offshore asset, comes in, it could be multiples of that, the IC concluded.

newsdesk@afxnews.com

EnCore Oil plc Enters into Asset Exchange Agreement with Century Exploration (UK) Limited

PRESS RELEASE



For immediate release: 30 October 2006



EnCore Oil plc enters into Asset Exchange Agreement with Century Exploration (UK) Limited



EnCore Oil plc (EnCore) has today entered into an Asset Exchange Agreement (Agreement) with Century Exploration (UK) Limited (Century). The Agreement will give EnCore access to additional near term exploration drilling in the UK Southern Gas Basin as well as an additional licence interest in Quadrant 9. In return, EnCore has agreed to assign 10% of its current 25% interest in blocks 18/5 & 19/1a to Century. EnCore will retain a 15% carried interest in Blocks 18/5 and 19/1a, where well 18/5-G is expected to be drilled towards the end of the year.



Under the Agreement, EnCore will receive from Century an 8.3125% free carried interest through drilling on Block 48/22b (Northern Area) adjacent to the Perenco-operated Waveney field. The carried well is planned to be drilled on the Cirrus prospect by the block operator Perenco in 2007. The well will consist of an initial pilot hole to test a potential gas bearing structure situated between the Waveney Gas Field and the existing 48/22-4 Gas Discovery. In the event that the initial pilot hole confirms the presence of a gas accumulation, it is planned to drill a sidetrack horizontal well bore as a potential producer, tied back to the adjacent Perenco-operated Waveney infrastructure. Agreement has also been reached on the general principles under which the Waveney facilities will be made available for gas production from 48/22b (Northern Area).



In addition, EnCore will acquire a 10% interest in block 9/27a situated immediately west of the Cragganmore Oil field. EnCore believes the block holds a number of interesting exploration leads, which are planned to be evaluated further with co-venturers Century and Granby Oil & Gas. This block is subject to an existing Overriding Royalty Interest agreement equivalent to 0.275% net to EnCores 10.00% equity interest.



The asset exchange is subject to the usual regulatory consents.



Alan Booth, EnCores Chief Executive Officer, said:



We are especially pleased to be acquiring an interest in the Cirrus prospect, which we expect to be drilled in 2007. We believe Cirrus offers a relatively low risk opportunity, which would lead to near term production and associated cash flow in the event of success.



This exchange agreement with Century Exploration, our agreement with Island Oil & Gas, and our recently announced acquisitions are part of the ongoing process to balance and broaden our opportunity portfolio. EnCore now has exposure to three near term offshore exploration wells, two of which are at no cost to EnCore at levels of ownership and risk that we believe are consistent with our stated strategy. We now look forward to the anticipated announcement of the UK 24th Licensing Round in mid-November.

EnCore Oil PLC
18 December 2006


PRESS RELEASE

For immediate release: 18 December 2006


EnCore Oil plc

Period End Activity Update

EnCore Oil plc (LSE: EO.) ('EnCore' or the 'Company') is pleased to provide an
activity update ahead of the end of the interim financial period on 31 December.

Fundraising

EnCore has today announced separately a placing of 29,166,666 new ordinary
shares of 5p each at 24 pence per share to raise 7 million (before expenses) in
order to provide additional funding for the increasing UK work programmes.
Completion of the placing is expected on 21 December 2006.


Drilling on Block 18/5

The contracted rig is currently being used to drill another well for the
operator, Apache. Subject to the weather and operational requirements, the rig
is expected to arrive on location to spud well 18/5G in January 2007.


Virgo, Nido & Grove Acquisition

On 25 October 2006, EnCore announced that it had agreed to acquire four
companies: Virgo Oil & Gas plc and Virgo Energy Limited ('Virgo'), Nido
Petroleum (UK) Limited ('Nido'), and Grove Energy (UK) plc ('Grove'). Completion
of the acquisitions is expected in the near future.

A technical review of the 22nd Round promote licences to be acquired within the
portfolio of licences has been encouraging and applications have been made to
the DTI to convert all five 22nd Round promote licences into traditional
licences. With the DTI's agreement, EnCore would commit to drilling three firm
wells and two contingent wells on the acreage within two years.

Sterling Resources, the operator, is currently sourcing a rig to drill the
Breagh prospect. On this licence, Grove will be paying 30% of the drilling costs
to earn 15% equity.

A technical review and marketing programme of the ten 23rd Round promote
licences to be acquired is already underway.


UKCS Licences Acquired from Petro-Canada

These licences were acquired in 2005 and, following technical review of
reprocessed seismic data, further activity will be prioritised within the now
much larger overall portfolio.


Connemara Field - Offshore Ireland

On 9 October 2006, the Company announced it had taken an option to acquire an
interest in the Connemara field from Island Oil & Gas plc. The option has been
extended to January 2007 to allow more time to review data provided by Island.



24th Offshore Licensing Round Applications

Including applications made by Virgo, Nido and Grove, EnCore is awaiting
decisions on eight licence applications in the UKCS 24th Licence Round. The DTI
has announced a further delay and a firm date for the announcement of the awards
has not been given. Licences have been applied for in the northern, central and
southern areas of the North Sea as well as in the East Irish Sea.


France

In May and June of 2006, EnCore applied for two onshore licences in France. One,
in the Eastern Paris Basin - Vitry La Ville, contains an abandoned oil well. The
second application relates to a high risk, high reward exploration play in the
south near Nimes. A decision on the award of these licences is expected in 2007.


UK Onshore

With regards to the recent gas discovery at Kirkleatham and following the
additional seismic shot over the summer, the operator has been discussions with
the adjacent chemical complex with a view to supplying gas on long term
contract.

At Westerdale, the co-venturers are considering options either to stimulate and
test the discovery, or to appraise the nearby Ralph Cross accumulation, which
was the target of the original Westerdale well. In the event that the group
chooses to appraise the Ralph Cross accumulation with a new well, planning
consents will be required.

In the South of England, the operator is progressing plans to drill the Markells
Wood and Leigh Park licences in 2007/2008.


Alan Booth, EnCore's Chief Executive Officer, said:

'Over the last six months we have significantly increased our UK offshore
exploration portfolio through acquisitions and are hopeful of receiving news in
the New Year of our UK 24th Round applications. In addition, we have two pending
licence applications onshore France, and an interesting option under evaluation
over the undeveloped Connemara field offshore Ireland.

Looking forward to 2007 we expect to be equally busy on continuing portfolio
management including reviewing sector consolidation opportunities and, of
course, with the drill bit. We anticipate drilling six offshore wells during
2007 and 2008 representing a range of risk profiles.'

A very good update yesterday and the market response is to mark down the shares! Ho humm. Golden Eagle will spud next month. That should provide a bit of interest for us.

EnCore Oil PLC
01 February 2007

PRESS RELEASE
For immediate release: 1 February 2007

EnCore Oil plc ('EnCore' or the 'Company')

24th Licensing Round Awards

EnCore Oil plc (AIM: EO.) is pleased to announce that EnCore and its
subsidiaries have been offered seven licences covering twelve blocks and part
blocks in the 24th Seaward Licensing Round. Five blocks have been offered under
traditional licence terms and seven blocks under promote licence terms. EnCore
expects to become operator of three of the licences. Further information on all
the licences offered are set out in the attached appendix.

The licences include traditional licences for blocks 14/30a, 28/9 and 28/10b
(split), and 113/29c and 113/30. Promote licences for blocks 18/10 (part) and 19
/6 (part), which are immediately adjacent to 18/5 and 19/1a, blocks 3/5 and 3/
10c, block 47/7, and blocks 47/22 and 47/23 (split).

On blocks 28/9 and 28/10b (split), the operator, Oilexco North Sea Ltd
('Oilexco'), has offered to drill a firm well within 12 months of award. EnCore
has a 35% equity interest in the blocks and will have a small part of its well
costs paid for by Oilexco. EnCore will be operator of block 14/30a with a 40%
working interest and has agreed to drill a well contingent on further evaluation
of the 14/30a-2 heavy oil discovery. On blocks 113/29c and 113/30, Nautical
Petroleum plc and EnCore have a drill or drop option on a sizeable offshore
prospect that could be drilled from an onshore location.

Commenting on the awards, Alan Booth, Chief Executive Officer of EnCore Oil plc,
said:

'We are delighted to be offered these awards which complement and further
strengthen EnCore's UK portfolio as well as providing additional near term
drilling activity. We believe these awards further demonstrate EnCore's ability
to participate effectively in an extremely competitive market place for the
acquisition of opportunities which have the potential to add sustainable and
realisable value to our portfolio. Our exploration and commercial teams deserve
full credit for this excellent result.'

The award of these licences is subject to the usual regulatory approvals.


For further information contact:

EnCore Oil plc
www.encoreoil.co.uk

Alan Booth, Chief Executive Officer +44 (0)20 7224 4546
Eugene Whyms, Chief Financial Officer

Aquila Financial Limited
www.aquila-financial.com

Peter Reilly +44 (0)20 7202 2601

Hanson Westhouse Limited
Tim Feather +44 (0)113 246 2610

KBC Peel Hunt
Jonathan Marren +44 (0)20 7418 8900


APPENDIX

Blocks & Traditional EnCore's Operator & Location
Part Blocks / Promote Interest Co-Venturers

14/30a Traditional 40% EnCore Petroleum Central North Sea
Limited (Operator)
Endeavour Energy UK
Limited
Nautical Petroleum plc
Lundin Heather Ltd.

28/9 & Traditional 35% Oilexco North Sea Central North Sea
28/10b Limited (Operator)
(split) EnCore Petroleum
Limited
Nautical Petroleum plc

113/29c & Traditional 50% Nautical Petroleum plc East Irish Sea
113/30 (Operator)
EnCore Petroleum
Limited

3/5 & Promote 30% Endeavour (Operator) Northern North
3/10c EnCore Petroleum Sea
Limited
Invicta North Sea
Limited

18/10 (part) Promote 100% EnCore Petroleum Central North Sea
& 19/6 (part) Limited (Operator)

47/7 Promote 50% NEW Southern Cross Southern North
(Operator) Sea
Virgo Oil & Gas plc
(now named EnCore
(VOG) plc)

47/22 & Promote 60% Virgo Oil & Gas plc Southern North
47/23 (Operator - now named Sea
(split) EnCore (VOG) plc)
Montrose Industries