EO. Encore Oil

TIDMEO.

RNS Number : 1654G

EnCore Oil PLC

09 May 2011

Press Release

For immediate release: 9 May 2011

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

Issue of Options

EnCore Oil plc (LSE: EO.) announces that on 6 May 2011, it issued 250,000 options over the Company's ordinary shares to newly appointed Non-Executive Director, Vivien Gibney. These options have been issued under the EnCore Oil plc Share Option Plan 2006 and become exercisable in three equal tranches on the first, second and third anniversaries of the date of grant at an exercise price of 94.625 pence per share (the closing mid price of the Ordinary Shares as at the date of grant). If not previously exercised, the options would lapse on the seventh anniversary of the date of grant. Following this grant, the total number of options in issue is 23,048,042, representing 7.9 per cent. of the issued capital of 292,695,488 ordinary shares.

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 
 Yvonne Fraser, Investor Relations Manager    +44 (0)7957 241 408 
 
 Westhouse Securities Limited 
 Tim Feather                                  +44 (0) 20 7601 6100 
 Matthew Johnson 
 

Notes to Editors:

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

EnCore has a balanced portfolio of offshore assets, based mainly in the UK Continental Shelf (UKCS) and a significant equity holding in AIM listed Egdon Resources plc (LSE: EDR).

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 over 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.

www.encoreoil.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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