EnCore Oil ..

Mentioned the Indian news from yesterday on the Fool and got this reply:

"Hi Del,
The farm in deal is with Norwest (50% to 25%) not Encore (50%) as Norwest have a worldwide agreement to work with Bharatt on exploration in which they identify prospects then farm down to Bharat; this is just the latest example hence no Encore RNS and why funds were raised recently to pay for the drilling of this appraisal well and others. The target is a structure called Bounder and is estimated at 350-450 bcf recoverable (60-78 mboe) with about two thirds in 48/1b & 2c (the rest is in a BP owned block which Encore may be trying to buy) so a 50% stake is 20-26 mboe net to Encore. It is a low risk appaisal well as it has flowed previously from the flank of the structure hence the low flow rate of 2.7 mcf and why the acreage was relinquished by Amoco.

regards,

peakoiler "


Cheers

Del