Burgman Well Spud (0699C)
01 March 2011 - 8:30PM
UK Regulatory
TIDMEO.
RNS Number : 0699C
EnCore Oil PLC
01 March 2011
Press Release
For immediate release: 1 March 2011
EnCore Oil plc ('EnCore' or 'the Company')
Commencement of Drilling Operations on Burgman Well
EnCore Oil plc (LSE: EO.) is pleased to announce that the
Burgman exploration well 28/9-4 in Central North Sea Block 28/9 was
spudded at 05.30 hours on Tuesday 1 March 2011.
The EnCore operated well is being drilled using the Transocean
Galaxy II heavy duty jack-up rig and is being managed by Applied
Drilling Technology International (ADTI), a turnkey drilling
services provider with over 30 years' experience. The well is
expected to take approximately 25 days, subject to weather and
operational requirements.
The main objectives of the well are to establish if hydrocarbons
are present in the Tay and Cromarty sands. The well will also drill
a deeper, high risk, Jurassic aged Fulmar sand target.
The equity in the Block 28/9 joint venture partnership is as
follows: EnCore Oil plc (15 per cent., Operator), Premier Oil (35
per cent.), Wintershall (UK North Sea) Limited (20 per cent.),
Nautical Petroleum (15 per cent.) and Agora Oil & Gas (15 per
cent.).
Graham Dore B.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 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 Oil plc (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
END
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