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17th OCTOBER 2010
ENCORE OIL'S FUTURE
Here at STG we believe that Encore Oil will be taken out before all commercial findings will be published, we don't mean Cladhan/Catcher drills, we believe from the whispers we are hearing it will most certainly be very soon after these two Giant finds have been proven up with oil in place, Encore are a light oil explorer, Nautical Petroleum heavy oil Specialist, Between these two exceptional companies they have to be the hottest properties right now in the North Sea, Out of 16 wells drilled since 2006, EnCore has had one dry hole, made seven gas, and seven oil discoveries, and the results of one well at the Esmond field are not available. Who would bet against them striking more oil?
Encore Oil Pure Exploration Company between £4-£6 Takeover
Nautical intend to go into production, but once again we believe that Nautical will not make it that far, Drilling in the North sea has been difficult for most oil companies due to the recession and lack of funds available right now, Neither Encore/Nautical have these issues, Now oil companies are returning with oil prices in excess of $80 a Barrel and London Brent crude fetching a $2 premium to US Crude, Acquisitions will be for oil companies with proven reserves, Remember where you heard this first, STG £4-£6 Takeover.
EnCore revs up more Catcher wells
Shareholders in North Sea explorer EnCore Oil have been warned to expect more drilling on the Central North Sea Catcher discovery which is already estimated to contain 300 million barrels of oil on place.
At EnCore's annual meeting the company signalled plans to drill at least two more Catcher area appraisal wells and two contingent prospects– some of them with names inspired by famous motorcycles - designated Varadero in block 28/9 and another named Burgman also in block 28/9.
Varadero – named after a Honda motorcycle - is a firm well as is Catcher North, which are both slated for the fourth quarter this year, while Burgman – named after a Suzuki - and another prospect called Carnaby are both contingent wells which are to be drilled either in the fourth quarter this year or the first or second quarter next year.
In block 28/9, other prospects, similarly inspired by motorcycle names are also identified, including Rapide – after the Vincent Rapide motorcycle - to the north-west of the main Catcher field area, and Bonneville and Rocket - named after Triumph motorcycles - lying to the south-west.
Currently EnCore is waiting for a weather window for a rig to move to block 28/9 for the drilling programme.
Transocean's Galaxy II rig has been earmarked for the Varadero well but has not yet arrived at the well location due to bad weather in the area. "The rig has been able to leave its previous location, and is en-route to Dundee where it will remain, hopefully for a short period only, until a suitable weather window is available to take it to the Varadero location," EnCore stated earlier this week.
Out of 16 wells drilled since 2006, EnCore has had one dry hole, made seven gas, and seven oil discoveries, and the results of one well at the Esmond field are not available.
Also at the annual meeting, shareholders were told Paul Doble, previously project direct for the Buzzard development, has joined EnCore as development advisor for Catcher.
Doble is familiar with the EnCore team after Alan Booth, EnCore's chief executive, was previouisly chairman and managing director of EnCana UK which made the Buzzard discovery before that company was taken over by Nexen.
http://www.sharetipsgalore.co.uk/encore-oil
ENCORE OIL'S FUTURE
Here at STG we believe that Encore Oil will be taken out before all commercial findings will be published, we don't mean Cladhan/Catcher drills, we believe from the whispers we are hearing it will most certainly be very soon after these two Giant finds have been proven up with oil in place, Encore are a light oil explorer, Nautical Petroleum heavy oil Specialist, Between these two exceptional companies they have to be the hottest properties right now in the North Sea, Out of 16 wells drilled since 2006, EnCore has had one dry hole, made seven gas, and seven oil discoveries, and the results of one well at the Esmond field are not available. Who would bet against them striking more oil?
Encore Oil Pure Exploration Company between £4-£6 Takeover
Nautical intend to go into production, but once again we believe that Nautical will not make it that far, Drilling in the North sea has been difficult for most oil companies due to the recession and lack of funds available right now, Neither Encore/Nautical have these issues, Now oil companies are returning with oil prices in excess of $80 a Barrel and London Brent crude fetching a $2 premium to US Crude, Acquisitions will be for oil companies with proven reserves, Remember where you heard this first, STG £4-£6 Takeover.
EnCore revs up more Catcher wells
Shareholders in North Sea explorer EnCore Oil have been warned to expect more drilling on the Central North Sea Catcher discovery which is already estimated to contain 300 million barrels of oil on place.
At EnCore's annual meeting the company signalled plans to drill at least two more Catcher area appraisal wells and two contingent prospects– some of them with names inspired by famous motorcycles - designated Varadero in block 28/9 and another named Burgman also in block 28/9.
Varadero – named after a Honda motorcycle - is a firm well as is Catcher North, which are both slated for the fourth quarter this year, while Burgman – named after a Suzuki - and another prospect called Carnaby are both contingent wells which are to be drilled either in the fourth quarter this year or the first or second quarter next year.
In block 28/9, other prospects, similarly inspired by motorcycle names are also identified, including Rapide – after the Vincent Rapide motorcycle - to the north-west of the main Catcher field area, and Bonneville and Rocket - named after Triumph motorcycles - lying to the south-west.
Currently EnCore is waiting for a weather window for a rig to move to block 28/9 for the drilling programme.
Transocean's Galaxy II rig has been earmarked for the Varadero well but has not yet arrived at the well location due to bad weather in the area. "The rig has been able to leave its previous location, and is en-route to Dundee where it will remain, hopefully for a short period only, until a suitable weather window is available to take it to the Varadero location," EnCore stated earlier this week.
Out of 16 wells drilled since 2006, EnCore has had one dry hole, made seven gas, and seven oil discoveries, and the results of one well at the Esmond field are not available.
Also at the annual meeting, shareholders were told Paul Doble, previously project direct for the Buzzard development, has joined EnCore as development advisor for Catcher.
Doble is familiar with the EnCore team after Alan Booth, EnCore's chief executive, was previouisly chairman and managing director of EnCana UK which made the Buzzard discovery before that company was taken over by Nexen.
http://www.sharetipsgalore.co.uk/encore-oil
An der Börse ist alles möglich, auch das Gegenteil.
André Kostolany
MfG
Palaimon
André Kostolany
MfG
Palaimon
