EO. Encore Oil

    RNS Number : 0455Z
  EnCore Oil PLC
  15 July 2008
   

    

    PRESS RELEASE
    For immediate release: 15 July 2008

    EnCore Oil plc ("EnCore" or the "Company")


    EnCore Announces Successful Horizontal Development Well & Testing on Barbarossa Gas Discovery

    EnCore Oil plc (LSE: EO.) is pleased to announce that the Barbarossa gas appraisal well 47/9c-11x  has been successfully drilled and
completed. The horizontal well tested gas at a maximum rate of 40 million standard cubic feet per day through a 96/64" choke. The gas was
produced from the Rotliegend reservoir between 10,300 feet and 15,600 feet measured depth below rotary table.

    The well, operated by Venture Production plc, has been completed as the field production well on the Barbarossa discovery.  The partners
plan that the Barbarossa discovery will be developed as a single well sub-sea tieback jointly with the nearby Channon discovery with first
gas planned for 2009.

    Graham Dor, EnCore's Exploration Director, commented:

    "We are pleased with the results of the completion and testing of Barbarossa, which exceeded our pre-drill expectations and look forward
to the joint development with first gas planned for 2009."

    EnCore has a 10 per cent. interest in the licence, five per cent. of which is subject to a potential buy-back by a previous owner. 
EnCore's costs were carried on the initial phase of drilling and the testing programme.  On the horizontal section of the well, EnCore
contributed at its working interest level of 10 per cent.

    Peter Williams B.Sc. (Hons.) in Physics and EnCore's Group Technical Manager, who has over 35 years' engineering experience in the oil
exploration and production industry, has reviewed and approved the technical information contained in this announcement.


    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 / Matthew Johnson          +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 the Alternative Investment Market (AIM).

    It is not Encore's aim to build a full cycle E&P company.  The Company's 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 of 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.

    www.encoreoil.co.uk 



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