RNS Number : 1500X
EnCore Oil PLC
20 June 2008
PRESS RELEASE
For immediate release: 20 June 2008
EnCore Oil plc ("EnCore" or the "Company")
13th Onshore Licensing Round Award
EnCore Oil plc (AIM: EO.) is pleased to announce that it has been offered a further
licence, PEDL253, in the 13th Landward Licensing
Round. EnCore will be operator of the licence with an equity interest of 60 per cent.
The licence is located on blocks TF18 and TF28 located in Lincolnshire. The award of this
licence is subject to the usual regulatory
approvals.
This licence is in addition to PEDL240 located on the Isle of Wight, which was offered on
28 May 2008.
For further information, please 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)118 979 4100
Hanson Westhouse Limited
Tim Feather +44 (0)113 246 2610
KBC Peel Hunt
Jonathan Marren +44 (0)20 7418 8800
Notes to Editors:
EnCore Oil plc (LSE:EO.) is an oil and gas exploration and production (E&P) company quoted
on AIM.
At EnCore, it is not the Company's aim to build a full cycle E&P company. The principal
strategy is to create shareholder value through
the successful exploration and appraisal of prospects and discoveries. The Company will seek
to monetise or exchange the asset at the
appropriate point in its life cycle and return value directly to shareholders wherever
possible.
EnCore has an experienced and proven management team, a number of whom were responsible
for the discovery of the Buzzard field in the UK
North Sea, which currently produces 10 per cent. of the UK's total oil production.
All EnCore's commercial and material technical evaluations are undertaken in-house by the
EnCore team. This brings both continuity to
the management and development of the assets and an ownership that is vital to unearth the
best and most creative new ideas and
opportunities.
EnCore currently holds a balanced portfolio of interests in licences both on and offshore,
primarily focused on the UKCS. EnCore
expects to participate in the drilling of eight wells before the end of 2008.
www.encoreoil.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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