EnCore Oil PLC

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

Good news for EO, but the price has hardly budged. It will take the spudding on Eagle to get it moving.

Something stirring by the looks of it. L2 all blue.

Also on the upside, EnCore Oil edged up 1 to 17-1/2 following news the company has successfully tested the dry gas flow on the Schull well in the Celtic sea, offshore Ireland.

http://www.abcmoney.co.uk/news/082007115529.htm

EnCore Oil PLC
08 August 2007

Press Release
For immediate release: 8 August 2007

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

EnCore Announces Successful Testing on Schull Gas Discovery

EnCore Oil plc (LSE: EO.) is pleased to announce that the Schull gas appraisal
well on Exploration Licence 5/05 located in the Celtic Sea, offshore Ireland,
has successfully tested dry gas at a rate of 21 million standard cubic feet per
day through a 72/64' choke. The gas was produced from the Upper Wealden
reservoirs encountered between 2,332 feet and 2,599 feet measured depth below
rotary table.

Well 57/2-3 ('the well') encountered a gross gas column of 292 feet,
significantly greater than that prognosed prior to drilling. The reservoir was
encountered 84 feet high to prognosis. These positive drilling and testing
results upgrade the Schull gas field to a potential standalone development as
well as enhancing the prospectivity of additional undrilled structures within
the Schull licence area. The well is being suspended as a potential gas
producer.

Island Oil & Gas plc ('Island'), the operator, is now commissioning a commercial
and engineering study to determine the optimum development scenario for the
Schull, Old Head and West Seven Heads gas fields. The Schull field is located
immediately to the southwest of the Seven Heads gas field and the associated
infrastructure linking Seven Heads to the Kinsale Alpha platform.

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

'We are very pleased with our two successful appraisal wells at Old Head and
Schull, which together give us a meaningful position offshore Ireland. We look
forward to the results of the commercial and engineering study.'

EnCore has a 12.5 per cent. interest in the Schull Field. Island and Valhalla
Oil and Gas Limited have interests of 62.5 per cent. and 25 per cent.
respectively.

Peter Williams B.Sc. (Hons.) in Physics and EnCore's Group Technical Manager,
who has over 35 years' engineering experience in the oil exploration and
production industry, has reviewed and approved the technical information
contained in this announcement.

For further information, please contact:

EnCore Oil plc
www.encoreoil.co.uk

Is this baby growing up?

I think I'll answer my own question: YES!!!

Some news of the AGM for those interested.
They are demerging the storage for tax purposes and to prevent a hostile
take over,expected Q1/2008
Star require to complete the feasablity study by year end or lose
the option on the project.
Looking very positive on Braegh with W/East totalling a minimum of 300bcfg, production expected 2009/10.
Our stategy is to make money and EO. wont be around in 5 years.
I have managed to buy a few as i consider this a compelling story.
cyril

Now you're on a winner, cyril. ;-)))

Thanks for the tip, not to look a gift horse in the mouth.
cyril

bid 75000@29.4P
offer 10000@30.45p.
Certainly motoring today.
cyril

Remember you also need to take profits when appropriate, cyril. ;-0

Al one of my failings over the years i'm afraid.With this stock however i believe
you'll get 1 for 1 in the new demerged company, so might be worth hanging there?
cyril

News of gas feasibilty study.
http://www.investegate.co.uk/Article.aspx?id=200711230701283513I
Seems we could have a very good day?
cyril

We are having a niceone,
35.65/36p both at 15,000
cyril

It certainly looks interesting but it takes a brave man to go long in this market. Added to watch list and will dive in once I see some signs of stability in the mkts, which according to the charts is anytime soon but still waiting for the US to come back en masse from eating Turkey next week

Due to a mix up on my account, missed the openind trade in th 36p's, waited for
the usual 8 30am pull back, wrong, now at 39p? Still on the bright side, what i have
is doing fine.
cyril

Placing at 36p to raise £12.5m(before expences) , now thats confidence, in this climate and time of the year.
cyril

;-)