EnCore Oil
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Address
5th Floor
62-64 Baker Street
London W1U 7DF
United Kingdom
Tel
+44 (0)207 224 4546
Fax
+44 (0)207 935 1224
Web
http://www.EnCoreOil.co.uk
Email
Info@encoreoil.co.uk
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Capex
Future Plans
EnCore currently expects to participate in at least 12 wells over the next 18 months. Highlights of the programme are set out below.
Offshore
The programme is expected to commence in May 2007 with the Cirrus (48/22b-F) Perenco-operated exploration well and the 49/23-2 Island Oil and Gas plc (Island)-operated Old Head of Kinsale appraisal well. Subject to any operational and testing issues on the Old Head of Kinsale well, this will be followed by an appraisal well on the 1987 Schull discovery, also operated by Island. The Company also expects to see the drilling of the Breagh appraisal well by Sterling Resources Ltd. in late summer, with drilling on Barbarossa 47/9c-A and the Catcher 28/9-C well either in late 2007 or the first half of 2008. Development drilling activity on the Amstel field in Holland could start as soon as the first half of 2008.
Onshore
The onshore discovery at Kirkleatham is progressing as planned. The operator, Egdon Resources plc (Egdon), has acquired additional seismic data in the area and the group are currently reviewing the additional gas potential that this licence may have to offer. Egdon has informed EnCore that the group may be in a position to produce gas from the Kirkleatham discovery in the winter of 2007/08. At Westerdale, the group is currently reviewing the potential of drilling an appraisal well to the Ralph Cross discovery. Although the Westerdale well encountered gas, it is thought to be separate from the Ralph Cross accumulation.
Gas Storage Progress
The gas storage evaluation in partnership with Star Energy is progressing as expected, and EnCore is encouraged by the interest expressed by a number of larger companies active in this segment of the gas business.
Further Portfolio Development
EnCore continues to mature the prospectivity of the remainder of its portfolio and is actively seeking co-venturers to partner in the drilling of a number of these prospects. Discussions with potentially interested third parties on a number of EnCore's licences are progressing well and the Company is hopeful that this may lead to additional drilling in an already active forward programme.
* Subject to regulatory approval
Reserves
Who's Who
Alan Booth
Chief Executive Officer
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Graham Doré
Exploration Director
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Michael T. Lynch
Chairman
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Eugene Whyms
Chief Financial Officer & Company Secretary
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Christine M.K. Wheeler OBE
Non-Executive Director
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Offices
United Kingdom
Head Office
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