EnCore Oil ..

You can see why Star are looking offshore. From their results:

"Whilst we continue to make good progress towards this goal, our efforts are
slowed somewhat by the UK's planning and permitting regimes. Star Energy has a
distinctive model. Our strong oil production business provides cash flow,
whilst UK gas imports are approaching 50% of UK consumption driving further
demand for gas storage facilities. With these dynamics in place we are
confident that Star Energy is well placed to benefit in the future."

"Welton: The Group's planning application to convert its Welton
oilfield into a gas storage facility was finally assessed on 22 February 2006 by
Lincolnshire County Council's (LCC's) Planning Committee. Whereas the LCC's
planning officers' report recommended approval of the project, the Planning
Committee refused the application citing, amongst other reasons, perceived
public fear.

The Group has appealed to the Planning Inspectorate and anticipates it will
receive a timetable for the appeal process over the coming weeks. The Group
remains confident of the outcome of the appeal, given the LCC's planning
officers' positive report and the Parliamentary Statement of Need for additional
gas supply infrastructure which referred to the need for additional gas storage
in the UK."

Cheers

Del