EnCore Oil PLC

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

;-)

i hear this is a very interesting prospect but have not done anything about it - yet

Nice tick up today, 41.5p
cyril