News

June 29, 2009

EnCore Oil Gives An Update on The North Sea Breagh Gas Field Sale and Its Gas Storage Plans

EnCore OIl

The UK’s EnCore Oil has assembled a fairly large portfolio of assets principally in and around the UK and Ireland. An activity update from the group, recently released, shows operations are ongoing in many areas. At the Cladham prospect (formerly known as Bowstring East) plans are underway for an appraisal well to be drilled on the Cladham oil discovery located on Block 210/29a in the UK Northern North Sea. EnCcore has a 16.6 per cent in the discovery and the licence operator is Sterling Resources.

At the Ceres field (formerly known as Barbarossa) Located in the UK Southern North Sea block 47/9c, first production is expected to begin in Q4 of this year. EnCore has a 10 per cent interest in Ceres subject to a 5 per cent buy back right by a previous owner. The well is being developed as a subsea tieback jointly with the nearby Eris discovery.

There are other drilling reports on Catcher (EnCore 15 per cent) in the North Sea, where Nautical and Premier are involved and Cobra...