Catcher Rig Contract

 

TIDMEO. 
 
RNS Number : 3184T 
EnCore Oil PLC 
27 September 2010 
 

 
Press Release 
 
For immediate release: 27 September 2010 
 
EnCore Oil plc ('EnCore' or 'the Company') 
 
 
                              Catcher Rig Contract 
 
EnCore Oil plc (LSE: EO.) is pleased to announce that a rig contract has been 
signed to enable further drilling to take place in UKCS Central North Sea Block 
28/9, where the Catcher discovery was made in June this year. 
The Transocean Galaxy II heavy duty jack-up rig is expected to return to the 
Catcher area later this week to drill up to four exploration and appraisal 
wells.  The first well in the programme is on the Varadero exploration prospect 
situated to the west of the Catcher discovery. 
 
Commenting on the rig contract, Alan Booth, EnCore's Chief Executive Officer 
said: 
 "We are delighted that the rig contract has been signed and we have a firm 
timeframe for further drilling in the Catcher area. The team has done a 
significant amount of work to enable further exploration and appraisal of the 
block in such a short timeframe. We remain excited about the upside potential of 
the Catcher area which we hope will be better understood in the coming weeks and 
months." 
 
 
The equity in the Catcher / 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.). 
 
 
For further information, please contact: 
 
+------------------------------------------+----------------------+ 
| EnCore Oil plc                           | www.encoreoil.co.uk  | 
+------------------------------------------+----------------------+ 
| Alan Booth, Chief Executive Officer      | [phone]       | 
|                                          | 4546                 | 
+------------------------------------------+----------------------+ 
| Eugene Whyms, Chief Financial Officer    |                      | 
+------------------------------------------+----------------------+ 
| Yvonne Fraser, Investor Relations        | [phone]      | 
| Manager                                  | 408                  | 
+------------------------------------------+----------------------+ 
|                                          |                      | 
+------------------------------------------+----------------------+ 
| Westhouse Securities Limited             |                      | 
+------------------------------------------+----------------------+ 
| Tim Feather                              | [phone]      | 
|                                          | 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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