Drilling Commences on 57/2-3
July 16 2007 - 2:02AM
UK Regulatory
RNS Number:2693A
EnCore Oil PLC
16 July 2007
Press Release
For immediate release: 16 July 2007
EnCore Oil plc ("EnCore" or "the Company")
Commencement of Drilling Operations on Schull Gas Appraisal Well
EnCore Oil plc (LSE: EO.) is pleased to announce that the drilling rig SS
Petrolia has arrived on location on Exploration Licence 5/05 in the Celtic Sea
offshore Ireland and has commenced drilling operations on the Schull gas
discovery ("Schull").
Well 57/2-3 was spudded on 14 July 2007 in a water depth of approximately 360
feet. Schull was discovered by the Total operated well 57/7-2 in 1987.
Island Oil & Gas plc is the operator of the block with a 62.5 per cent. interest
and EnCore holds a 12.5 per cent. interest.
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
Hanson Westhouse Limited
Tim Feather +44 (0)113 246 2610
KBC Peel Hunt
Jonathan Marren +44 (0)20 7418 8900
Notes to Editors:
EnCore Oil plc (EO.) is a UK focused exploration and production company listed
on the Alternative Investment Market (AIM) on the London Stock Exchange.
EnCore's strategy is to create shareholder value through the successful
exploration and appraisal of prospects and discoveries, and the development of
those assets through to commercial sanction or beyond.
EnCore is led by an experienced and proven management team.
EnCore holds a balanced portfolio of interests in licences with the potential
for providing major capital growth. This portfolio includes interests in the UK
Continental Shelf (UKCS) offshore, several of which include operatorship; UK
onshore in the Cleveland, Weald and Wessex basins; offshore Ireland; offshore in
the Netherlands; and offshore in the Western Sahara.
During 2007/2008 EnCore expects to participate in the drilling of at least
twelve wells.
www.encoreoil.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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