EnCore Oil PLC

while i would be delighted to see sp at 35p as currently showing, rest assured that it is a load of bollox ..... there is certainly no news and this price is obviously just one of those strange anomalies that sometimes occur

Stone the crows....only just seen it !!!, I'm in this one....it looks like a consolidation ??, can't be.....then a leak before a monday morning RNS....?.

On my computer..somebody has traded at 35p...?.

The auction went a bit haywire - was watching a MKT order for 365 shares uncross at the only order on the book, which happened to be 35p, left over from 12th December if my info is correct. Expect it to open around 10p Monday!!

pity isn't it - lol!

How do you put a cork back on a bottle of champagne ?, never been able to do it !.

ok then .... would you care to buy my holding from me at 30p? ..... surely a bargain on your reckoning

If the drilling comes right...it could go like this....but I would not want stock at 30p without some sort of RNS.

i am 99% certain you won't be seeing one ...... as i said, this is just a strange anomaly

Very weird indeed.

certainly an anomaly ..... have just checked and no rns (no surprise!) and volume of only 70k against a norm or 2.5m

It amazes me that in these days of computers (er, and telephones!), MM's make such silly mistakes . . . .there can't be anyone prepared to pay 35p for any decent quantity (say 10k-worth) for this lamentable stock - other perhaps an Execs suffering from a surfit of Options and a darn good Xmas party/bonus.

Most retail shareholders are barely treading water with this one.

It's down but it's up...euhh I hope that makes sense !.

Breagh Horizontal Well Update

EnCore Oil plc (LSE: EO.) is pleased to announce the successful drilling of the 42/13-5 high angle pilot hole and 5z horizontal well on Block 42/13 in the United Kingdom North Sea.

The 42/13-5 well was directionally drilled from the same seabed location as the 42/13-3 well drilled during 2007, and encountered the top of the Breagh reservoir approximately 17 feet higher than anticipated. At this point the well bore was angled at 70 degrees and entered the reservoir some 1,700 feet south east of the 42/13-3 well. The 42/13-5 'pilot hole' encountered 165 feet of gas bearing sand (approximately 55 feet vertical thickness) confirming consistency with previous wells and reached a final depth of 8,892 feet measured depth below rotary table (MDBRT).

The pilot hole was then cemented back above the reservoir and the drilling of a 2,500 feet horizontal well (denoted 42/13-5z) commenced. The horizontal well reached a final total depth of 10,746 feet MDBRT on 2 January 2009. The 42/13-5z well drilled a total of circa 1,200 feet of gas bearing sand.

A 7 inch liner has been run and the well will be tested in the next two to three weeks. Following completion of testing, it is planned to suspend the well as a potential development well.

EnCore has a 15 per cent. interest in the licence and the operator, Sterling Resources Limited, has a 45 per cent. interest.

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

'We are very pleased with the progress made so far on this well. It has confirmed the ability to successfully drill a horizontal well within the Breagh reservoir and testing should establish the reservoir performance from a horizontal well. This will give the partnership a better understanding of development options, production profiles and recoverability.'

cyril

;-))))

The UKs EnCore Oil has assembled a fairly large portfolio of assets, principally in and around the UK and Ireland. In addition, it holds a pair of blocks in France, plus a frontier play with the offshore Laguera block in the

What happened ? did the front door bell go ?

this is from this weeks investors chronical
-canadian's sterling resources and it's partners faroe perto and ENCORE have successfully drilled horiz well in breagh gas discovery. drilling results have indicated that east breagh and west breagh discoveries form one large potentially largest undeveloped gas field in britain. breagh could produce first gas in 2010 an estimate 200-300 million cubic feet a day!!!
future looks good once the dust settles

A lot of oil stocks should start to rise sooner or later, we just have to be patient......not a good year for anybody this one so far.....we shall see in months to come !.

PS, There was a bit of a rebound earlier on,....TLW, DNX have risen a bit !.