EO. Encore Oil

    RNS Number : 2931I
  EnCore Oil PLC
  17 November 2008
   

    
    PRESS RELEASE
    For immediate release: 17 November 2008

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

    Light Oil Discovery at Bowstring East (Cladhan)

    EnCore Oil plc (LSE: EO.) is pleased to announce an oil discovery at the Bowstring East Prospect (also known as 'Cladhan') located in
Block 210/29a in the UK Northern North Sea.  

    The 210/29a-4 Bowstring East discovery well was drilled to a total depth of 9,734 feet. Wireline logging confirmed 25 feet of net
hydrocarbon pay over a gross interval of over 110 feet. Wireline pressure data and fluid sampling has established the presence of light oil
and, significantly, no oil-water contact was observed.

    The group has taken the decision not to carry out a well testing programme and will now suspend the well with a view to re-entering and
undertaking sidetracking, coring and testing operations at a future date, following integration of the well results into the seismic model.
EnCore has a 16.6 per cent. interest in the licence, and Sterling Resources Limited is the operator.

    Alan Booth, EnCore Oil's Chief Executive Officer, commented:

    "I am absolutely delighted with the success of this well. The well has intersected a light oil column of over 110 feet within an Upper
Jurassic stratigraphic trap. Given its stratigraphic nature, there is potential for the hydrocarbon column height to increase both up dip
and down dip of the current location.  

    "The wireline logging programme confirmed the presence of light oil with no oil-water contact and the group has now obtained sufficient
oil samples, reservoir pressure and permeability data to conclude that the cost of a winter well testing programme would be better spent on
further appraisal of the discovery. As such the group has decided to suspend the well for likely use during any future appraisal or
development drilling."  

    Graham Dor?.Sc. (Hons.) in Geology and M.Sc. in Petroleum Geology and EnCore's Exploration Director, who has over 20 years' experience
in the oil exploration and production industry, has reviewed and approved the technical information contained in this announcement.


    For enquiries, 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                            +44 (0)113 246 2610
 Matthew Johnson                                                
                                                                
 KBC Peel Hunt                                                  
 Jonathan Marren                        +44 (0)20 7418 8900



    Notes to Editors:

    EnCore Oil plc (LSE:EO.) is an oil and gas exploration and production (E&P) company quoted on AIM.

    It is not the Company's aim to build a full cycle E&P company. The 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 lifecycle 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 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. This portfolio
includes an active drilling programme.

    www.encoreoil.co.uk




This information is provided by RNS
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