EO. Encore Oil

RNS Number:9749Z
EnCore Oil PLC
17 March 2006


  For publication in the United Kingdom only.  Not for release, publication or
  distribution in or into any other jurisdiction including the United States,
       Canada, Australia, South Africa, the Republic of Ireland or Japan.

                         EnCore Oil plc (the "Company")

                                  Offer Update


It was announced on 2 March 2006 that the Offers (the "Offers") by Westhouse
Securities LLP on behalf of Oil Quest Resources plc for the whole of the issued
share capital of EnCore Exploration ("EEL") and EnCore Petroleum ("EPL") were
unconditional in all respects.  On 3 March 2006, the Company changed its name to
EnCore Oil plc.


As at 1.00 p.m. on 16 March 2006, the following valid acceptances had been
received in respect of the Offers:

                                                    Shares     Per cent.

EEL ordinary shares                                1,230,415         99.83
EPL ordinary shares                                  349,983         99.43
EPL preference shares                              5,586,107         99.28



The Offers will remain open until 31 March 2006.



As a result of the further acceptances received pursuant to the Offers, the
Company has made application for 2,724,771 Ordinary Shares to be admitted to AIM
and it is expected that Admission will take place at 8.00 a.m. on 23 March 2006.
Following the issue of the Ordinary Shares, there will be 204,700,974 Ordinary
Shares in issue.



General



Terms used in this announcement shall have the meanings given to them in the
announcement made on 7 February 2006.



The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.



The Offers in the United States are being made solely by the Company and neither
Westhouse nor any of its affiliates or related entities is making the Offers in
the United States.



No offer, invitation or inducement to acquire shares or other securities in the
Company or any other company is being made by this announcement.  This
announcement is not an offer of securities for sale in the United States. Oil
Quest does not intend to register any part of the offering in the United States,
and securities may not be offered or sold in the United States absent
registration or an exemption from registration.  In addition, Oil Quest does not
intend to make a public offering of securities in the United States, and any
such public offering would be made by means of a prospectus obtained from Oil
Quest containing detailed information about it, its management, and its
financial statements.



Certain statements contained in this announcement may constitute forward-looking
statements.  Any such forward-looking statements involve risks, uncertainties
and other factors that may cause the actual results, performance or achievements
of the Group, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.  These forward-looking statements speak only as of
the date of this announcement and there can be no assurance that the results and
events contemplated by such forward-looking statements will, in fact, occur.
The Company and the Directors expressly disclaim any obligation or undertaking
to release publicly any updates or revisions to any forward-looking statement
contained herein, save as required to comply with any legal or regulatory
obligations (including the AIM Rules), to reflect any change in the Company's
expectations with regard thereto or any change in events, conditions, or
circumstances on which any such statement is based.



This announcement has been approved by Westhouse for the purposes of section 21
of the Financial Services and Markets Act 2000 ("FSMA").



This announcement is not an invitation nor is it intended to be an inducement to
engage in investment activity for the purposes of section 21 of FSMA.



The Placing Shares have not been, and will not be, registered under the United
States Securities Act of 1933 as amended (the "Securities Act") or qualified for
sale under the laws of any state of the United States or under the applicable
laws of any Canada, Australia, South Africa, the Republic of Ireland or Japan
and, subject to certain exceptions, may not be offered or sold in the United
States or to, or for the account or benefit of, US persons (as such term is
defined in Regulation S under the US Securities Act 1933 (as amended)) or to any
national or resident of Canada, Australia, South Africa, the Republic of Ireland
or Japan.



Westhouse Securities LLP, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting as nominated adviser and
broker to the Company in connection with the Proposals.  Its responsibilities as
the Company's nominated adviser under the AIM rules are owed solely to the
London Stock Exchange and are not owed to the Company or to any Director or
Proposed Director or to any other person in respect of his decision to acquire
shares in the Company in reliance on any part of this document (without limiting
the statutory rights of any person to whom this document is issued).  Westhouse
Securities LLP will not be offering advice and will not otherwise be responsible
to anyone other than the Company for providing the protections afforded to
customers of Westhouse Securities LLP or for providing advice in relation to the
contents of this document or any other matter.



Enquiries:


EnCore Oil plc                                                    020 7224 4546
Alan Booth, Chief Executive Officer
Eugene Whyms, Chief Financial Officer

Westhouse Securities LLP                                         0161 838 9140
Tim Feather

Aquila Financial Limited                           encore@aquila-financial.com
Peter Reilly                                                     020 7202 2601
Yvonne Fraser                                                    020 7202 2609






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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