EnCore receives DTI approval
April 24 2006 - 5:46AM
UK Regulatory
RNS Number:8602B
EnCore Oil PLC
24 April 2006
PRESS RELEASE
For immediate release: 24 April 2006
EnCore Oil plc
DTI approves acquisition and operatorship of North Sea blocks
EnCore Oil plc is pleased to announce that the DTI has formally approved its
acquisition of six North Sea blocks from Petro-Canada UK Limited.
Located in the Central Graben area of the North Sea, EnCore will be operator of
five of the six blocks, which between them contain a number of undeveloped
discoveries and exploration prospects.
Commenting on receiving regulatory consent, EnCore Chief Executive Alan Booth
said: "The formal DTI approval is excellent news for EnCore. We are developing
the necessary work programmes with our co-venturers to evaluate the commercial
viability of the discoveries and assess the exploration prospects which exist on
the blocks."
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)20 7202 2601
Yvonne Fraser +44 (0)20 7202 2609
Notes to Editors
EnCore Oil plc was admitted to AIM on 3 March 2006, following the reverse
takeover of Oil Quest Resources plc by the EnCore group of companies. EnCore
trades under the ticker symbol 'EO.'
The six blocks acquired from Petro-Canada UK Limited are:
Block EnCore Interest Operator
21/24 (part) 95.000% EnCore Petroleum
21/30S 95.000% EnCore Petroleum
21/29b SE 61.312% EnCore Petroleum
21/29b SW 51.612% EnCore Petroleum
15/26a 47.500% EnCore Petroleum
29/6a 20.100% Venture Production
This information is provided by RNS
The company news service from the London Stock Exchange
END
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