Company Information for EnCore Oil PLC

AIM-EO.

www.encoreoil.co.uk

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AIM; EO.

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Company Statement

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

We currently hold a balanced portfolio of interests in licences both on and offshore, primarily focused on the UKCS.

We have an experienced and proven management team, a number of whom were responsible for the discovery of the Buzzard field in the UK North Sea.

All our commercial and material technical evaluations are undertaken in-house, providing continuity of ownership, management and development of the assets.

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, Humber, Weald and Wessex basins; offshore Ireland; and offshore in the Western Sahara.

Operations and Technology

Ireland
Old Head of Kinsale
Exploration Licence 4/05 immediately to the southeast of the Kinsale field. The licence area includes the Old Head of Kinsale and East Kinsale structures.

Old Head of Kinsale was discovered in 2006 by exploration well, 49/23-1. The well, which spudded on 12 July 2006, was drilled to its planned total depth of 4,133 feet in just 16 days and successfully encountered a Lower Cretaceous reservoir sequence with a gross 100 foot gas column.

The Schull Prospect
This licence lies to the southwest of the Seven Heads gas field, and close to infrastructure linking Seven Heads and Kinsale Head.

In its 2007 independent assessment, Fugro Robertson evaluated the Schull 57/2-2 discovery well and two adjacent gas prospects. They estimated that on a P50 basis, Schull Field gas in place is 28 bcf; gross gas recoverable reserves are 18.2 bcf and net contingent resources are 1.7 MMboe. For the two adjacent gas prospects, the unrisked total prospective resources are 74.1 bcf (net risked prospective resources 1.7 MMboe).

In July 2007, EnCore announced that the Schull gas appraisal well on Exploration Licence 5/05 located in the Celtic Sea, offshore Ireland, successfully encountered gas-bearing reservoir sands. The reservoir horizons in the Upper Wealden were encountered at a measured depth of 2,332 feet below rotary table. Preliminary interpretation of the well results indicated a gross gas bearing reservoir interval of approximately 294 feet and a net gas bearing interval of approximately 73 feet. Well 57/2-3, which was spudded on 14 July 2007, was drilled to its planned total depth of 2,989 feet true vertical depth below rotary table in ten days, ahead of schedule and under budget.

In August 2007, EnCore announced that the Schull gas appraisal well on Exploration Licence 5/05 located in the Celtic Sea, offshore Ireland, successfully tested dry gas at a rate of 21 million standard cubic feet per day through a 72/64” choke. The gas was produced from the Upper Wealdenreservoirs encountered between 2,332 feet and 2,599 feet measured depth below rotary table.

France
Mairy Licence
EnCore agreed to form a partnership for a licence application on the Mairy Licence (formerly known as Vitry la Ville) in April 2007.

The licence is located in the eastern portion of the Paris basin adjacent to the Dommartin Lettree and Courdmanges oil fields, both of which produce oil from the Triassic age the Rhaetian sand.

The licence contains well LVB-1 which encountered productive rhaetian sandstones at a depth of 1800 metres. The LVB-1 well produced some 59,000 barrels of oil during 688 producing days before being abandoned prematurely.

EnCore will hold a 30% interest in the licence which is to be operated by Lundin International (40%). Toreador Energy France will have 30% equity.

Nîmes Licence
The Nîmes Permit lies within the onshore sedimentary basin of the Camargue directly north of the Oligocene age Gallician field. EnCore considers this part of the basin under-explored and plans to re-evaluate the area based on current seismic and well data.

The gas discovery is located only 25 km from Marathon's production facilities at the Kinsale Field. The well was suspended as a potential gas producer pending pre-development drilling this year. Fugro Robertson, in a 2007 independent assessment, has estimated that on a P50 basis, the Old Head of Kinsale field has gross gas in place of 78 bcf; field gross gas recoverable of 55 bcf and net contingent resources of 9.2 MMboe.

Western Sahara
In March 2006, EnCore signed a formal Production Sharing Contract and associated Assurance Agreement with the Government of the Saharawi Arab Democratic Republic ("SADR") for the offshore Laguera block licence in the Western Sahara. The Laguera block covers an area of 20,000 square kilometres and is adjacent to Mauritania. Water depths range from 0 to over 4,000 metres. The Pelican Gas Discovery in Mauritania is some 175 kilometres to the south. EnCore’s working interest is 100%.

Board of Directors and Key Management

Christine M.K. Wheeler OBE	Non-Executive Chairman
Alan Booth	Chief Executive Office
Keith Hughes	Non-Executive Director
James Clark	Commercial Director
Eugene Whyms	Chief Financial Officer & Company Secretary
Graham Doré	Exploration Director

Company Address

62-64 Baker Street
London, United Kingdom W1U 7DF


Telephone:	+44 (0)20 7224 4546
Facsimile:	+44 (0)20 7935 1224
Email:	info[at]encoreoil.co.uk
Website:	http://www.encoreoil.co.uk

Nominated Brokers

Hanson Westhouse Limited
(Joint Broker) KBC Peel Hunt

Major Shareholders

Blackrock	5.82 17	890,113
Credit Suisse	3.96	12,177,785
Alan Booth, Chief Executive Officer	3.12	9,575,000
Eugene Whyms, Chief Financial Officer	3.06	9,400,000
Michael T. Lynch, Chairman	2.63	8,092,221
Graham Doré, Exploration Director	2.09	6,428,229
Christine M.K. Wheeler	OBE 0.73	2,250,657

Most Recent Statement

04/02/10 - Interim Results to 31 December 2009
21/12/09 - Activity Update
15/10/09 - Transaction in Own Shares
06/10/09 - Directorate Change
30/09/09 - Directorate Change
23/09/09 - Potential Asset Divestment

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