Riesiges Ölfeld in der Nordsee entdeckt
Siehe aus dem Link in #19:
>>>Nach ersten Bohrungen Anfang Juni hatte Encore Oil zunächst geschätzt, Catcher könnte rund 100 Mio. Barrel fassen. In der vergangenen Woche hatte der Konzern ein zweites Bohrloch östlich des ersten in die Tiefe gebracht und war erneut auf Öl gestoßen. Die Wissenschaftler der Firma gehen nun davon aus, dass es sich um dasselbe Ölfeld handelt. Ein drittes Bohrloch will der Konzern jetzt im Südwesten bohren. Sollte Encore Oil wieder Öl finden, dürfte die Gesamtmenge des Reservoirs steigen. <<<
Man ist ja wohl jetzt schon dabei oder zumindest kurz davor. Meine Einschätzung wäre, Ende nächster Woche müssen die es wissen, wenn nicht schon eher.
Mining Corporate News
Ich denke, dass diese news erst morgen bzw. heute mittag realisiert werden.
Encore hat einen Anteil von 15% an dem Joint Venture mit Premier Oil Plc, Wintershall (UK North Sea) Limited, Nautical Petroleum Plc and Agora Oil & Gas.
Diese Info von mir fiel leider der Moderation zum Opfer.
Von: "Yvonne Fraser"
Betreff: EnCore Oil press release - Completion of Asset Sale to Egdon Resources
Datum: Wed, 28. Jul 2010 11:51:29
Further to the announcement on 22 March 2010, EnCore Oil plc (LSE: EO.) is please to announce the completion of the transfer of the group’s onshore UK assets together with its interest in the offshore UK Ceres gas field to Egdon Resources plc (“Egdon”; LSE: EDR), in return for a consideration of 39,200,000 ordinary shares in Egdon. The transfer of EnCore’s onshore France assets to Egdon, for which sale and purchase agreements have been signed, will complete later in the year upon gaining French regulatory consent, at which time Egdon will pay EnCore £100,000 in cash.
The 39,200,000 Egdon consideration shares have been allotted to EnCore, representing 29.998 per cent of the enlarged share capital of Egdon, and will be admitted to AIM on 29 July 2010.
Completion of the transaction has also triggered a number of other terms of the agreement, namely;
The appointment of Alan Booth, EnCore’s Chief Executive Officer as a Non-Executive Director of Egdon, to take immediate effect and to last for a period of five years thereafter, provided that either EnCore holds 15 per cent. or more of the share capital of Egdon or is the largest shareholder of Egdon.
The establishment of a Technical Services Agreement under which EnCore will provide Egdon with technical, commercial and accounting services, to be charged on a day-rate basis.
The provision by EnCore to Egdon of a loan facility of up to £1.5 million, available for a two year period from 29 July 2010, at an interest rate of 10% or LIBOR plus 5% if greater.
The commitment by EnCore to retain its shareholding in Egdon for a minimum of 12 months from 29 July 2010 with orderly market provisions for a further 12 months.
A non-compete agreement under which, other than by agreement, Egdon will restrict its offshore activities in the UK to operations in the immediate area of Ceres and EnCore will restrict its onshore operations in the UK and France.
Commenting on the completion, Alan Booth, EnCore’s Chief Executive Officer said:
“The transaction with Egdon has placed a tangible and transparent valuation on our onshore portfolio and I look forward to working with the Egdon Board to assist in the development of Egdon’s portfolio. As the largest shareholder, EnCore will actively support and assist in Egdon’s ambitious growth plans.”
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:
Assets included in the transfer are listed below:
Onshore UK
Licence Equity (%) Operator
PEDL068 Cleveland Basin 20.0 Egdon Resources
PEDL098 Wessex Basin 7.5 Northern Petroleum
PEDL125 Weald Basin 10.0 Northern Petroleum
PEDL126 Weald Basin 10.0 Northern Petroleum
PEDL154 Weald Basin 10.0 Northern Petroleum
PEDL155 Weald Basin 10.0 Northern Petroleum
PEDL256 Weald Basin 7.5 Northern Petroleum
PEDL240 Wessex Basin 7.5 Northern Petroleum
PEDL253 Humber 60.0 EnCore
Ceres
P.1241 47/9c, Southern North Sea 10.0 Centrica
Onshore France (to complete later in the year)
Mairy Paris Basin 30.0 Lundin
Nimes Rhone GrabenBasin 100.0 EnCore
About EnCore Oil plc
EnCore Oil plc (LSE:EO.) is an oil and gas exploration and production (E&P) company quoted on AIM.
It is not the Company’s aim to build a full cycle E&P company. The principal strategy is to create shareholder value through the successful exploration and appraisal of prospects and discoveries. The Company will seek to monetise or exchange the asset at the appropriate point in its life cycle and return value directly to shareholders wherever possible.
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
For immediate release: 30 July 2010
EnCore Oil plc (‘EnCore’ or ‘the Company’)
Operations Update - Cladhan
EnCore Oil plc (LSE: EO.) announces that the J.W.McLean rig is expected to commence drilling operations at the Cladhan location towards the end of the week commencing 2 August 2010 or early during the week of 9 August 2010, once it has completed operations on its current well. A further announcement will be made once the Cladhan well has been spud.
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
www.encoreoil.co.uk
Datum:§Fri, 06. Aug 2010 08:41:10
Press Release
For immediate release: 6 August 2010
EnCore Oil plc (‘EnCore’ or ‘the Company’)
Operations Update - Cladhan
EnCore Oil plc (LSE: EO.) announces that the J.W.McLean rig has arrived at the Cladhan location on UK Northern North Sea blocks 210/29a & 210/30a and operations have commenced to sidetrack and delineate the oil discovery made in December 2008.
The equity in the Cladhan joint venture partnership is as follows: EnCore Oil plc (16.6 per cent.), Sterling Resources Ltd (39.9 per cent., Operator), Wintershall (UK North Sea) Limited (33.5 per cent.) and Dyas (10 per cent.).
For further information, please contact:
EnCore Oil plc
www.encoreoil.co.uk
For immediate release: 10 August 2010
EnCore Oil plc (‘EnCore‘ or ’the Company’)
Results for the Year Ended 30 June 2010
EnCore Oil plc (LSE: EO.) announces its audited results for the year ended 30 June 2010.
Highlights
Operational highlights
• Significant oil discovery at Catcher, up to 300mmbbls Oil in Place to date with substantial potential
upside in the rest of the block
• One well and two side-tracks drilled during the period
• Completion of the sale of 15 per cent. interest in Breagh gas discovery to RWE Dea for a
consideration of US$68.8million
• Agreement signed for divestment of onshore portfolio to Egdon Resources plc for 39.2 million
Egdon shares (29.998 per cent. of Egdon share capital) plus £100,000 cash, which completed
post year end
• Commencement of a share buy back scheme at less than inherent cash value per share – 17
million shares purchased for cancellation
• Strengthened Board of Directors with the appointment of a new Non-executive Chairman, a Nonexecutive
Director and a new Executive Director
Financial highlights
• Profit of £11.4 million for year ended 30 June 2010
• Cash of £41.9 million as at 30 June 2010
• Debt free
• £22.9 million gain on the sale of Breagh gas discovery
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
Ten months ago, I took over the Chairmanship of EnCore from Mike Lynch who led the company from its inception until it was well established and financially strong. The Company had an experienced management team, a mixed portfolio of onshore and offshore assets mainly concentrated on the UKCS North Sea, a market capitalisation of around £46 million, significant cash resources and no debt. Looking at that Company today, the management team has been further strengthened, the onshore assets have been divested for a sizeable equity stake in a focused, growing onshore player, the offshore assets have
delivered a significant oil discovery and the market capitalisation sits at around £161.8 million (as at 9 August 2010).
The discovery at Catcher and subsequent side-tracks are hugely significant for EnCore, our joint venture partners and the UK North Sea industry as a whole. Not since the Buzzard discovery in 2001, found by members of EnCore’s management team, has such a potentially significant UK North Sea oil discovery been made. Our current estimates put up to 300 mmbbls of Oil in Place at Catcher (including East and North) with significant further upside from the undrilled prospects on the block. With that in mind, the joint venture partnership has confirmed that we are to return to the Catcher area for two to four further
exploration and appraisal wells as soon as a rig is available with a view to better determining the scale of the development required for the licence. Following this, preparations will be made to move the project through to field development plan (FDP) approval, anticipated to happen in 2011. EnCore is the operator of Catcher and we are proud to be taking this important project forward.
Moving on to the other event which has shaped EnCore over the last year, our asset divestment to Egdon Resources, an experienced onshore player, has now completed (post period end) and we look forward to actively assisting Egdon as they develop their portfolio. The Egdon transaction is a good example of the approach which we, as a company, can undertake when presented with such an opportunity. EnCore’s prime focus is the development of our offshore interests. Our onshore portfolio came about as part of our
reverse takeover of Oil Quest Resources plc and while we have spent some time in trying to build recognition of the value in those assets, we determined that it was likely that only an onshore focused player could do so successfully. The Egdon transaction has given us the opportunity to realise some of the value in our portfolio, and hopefully continue to create further value through our shareholding as Egdon moves its assets forward.
Our company remains cash rich and debt free, and more importantly, we are able to comfortably cover our proportion of costs on all foreseeable further exploration and appraisal drilling at Catcher, and the appraisal well currently drilling at Cladhan without the need to seek further funding. This leaves us in the very healthy position of having cash in the bank, owning 15 per cent. and being operator of the very significant Catcher oil discovery in the Central North Sea, and having 16.6 per cent. of the Cladhan oil
discovery in the Northern North Sea, though we have yet to determine its size.
Looking to the future, the near to medium term will be dominated by further work in the Catcher area to determine the scale of the discovery. Cladhan may also prove to be a commercial discovery and we await the results of the appraisal well. The gas storage marketing process is continuing and we will update the market accordingly when further information is available and, of course, further work on the other prospects in our portfolio is ongoing.
I would like to thank you, our shareholders, for your continued support through these exciting times. In particular, I would like to thank the team at EnCore. It is rewarding to know that all the technical work on the Catcher block has been carried out in-house by the EnCore team which is a reflection of the talent within that small team. Finally, I would also like to thank my predecessor, Mike Lynch, for his dedication and commitment to the Company during his years of service and for leaving us a company well placed to take advantage of the opportunities which have since arisen.
Christine M.K. Wheeler O.B.E
Chairman
9 August 2010
http://www.encoreoil.co.uk/pages/news/index.asp?NewsID=240
Operational Review auf Seite 5:
http://www.encoreoil.co.uk/assets_cm/files/PDF/...010_10_aug_2010.pdf
For immediate release: 27 August 2010
EnCore Oil plc (‘EnCore’ or ‘the Company’)
Release of Breagh Escrow Funds
EnCore Oil plc (LSE: EO.) announces that all monies previously held in escrow in respect of the sale of its interest in the Breagh gas discovery have now been released.
The amount of US$12.9 million (approximately £8.3 million) was held in escrow for a period of 12 months from 26 August 2009 (the date of completion of the sale of Breagh) against any warranty or indemnity claims by the purchaser, none of which were received.
Click here for pdf of announcement
http://www.encoreoil.co.uk/pages/news/index.asp?NewsID=241
Montag, 30. August 2010
Rohöl-Reserven in der NordseeGerüchte um WintershallEin Ölfund in der Nordsee regt im Rohstoffsektor die Phantasien an: Im Boden der Nordsee schlummern angeblich mehr Erdöl und Erdgas als bislang erwartet. Gerüchten zufolge könnte die BASF-Tochter Wintershall die Gelegenheit zu einer Übernahme nutzen.
Arbeitsplätze auf hoher See: Nach der Exploration beginnt der riskantere Teil der Arbeit.
(Foto: Wintershall)
Die Kasseler Öl- und Gasgesellschaft Wintershall und ihr britischer Partner Encore Oil wollen einem Zeitungsbericht zufolge bereits in dieser Woche einen neuen Ölfund bekanntgeben. Wie die "Sunday Times" unter Berufung auf Branchenkreise berichtet, geht es um eine neue Mengeneinschätzung im sogenannten Cladhan-Feld. Das Ölvorkommen nordöstlich der Shetlandinseln weist demnach ein Volumen von 100 bis 200 Mio. Barrel auf.
In den vergangen Jahren waren die Öl- und Gasfunde in der Nordsee kleiner geworden - ab und zu werden allerdings immer noch größere Ölvorkommen gefunden. Im Juli etwa entdeckte Wintershall ein umfangreiches Ölvorkommen rund 200 Kilometer vor der Küste Trondheims in der norwegischen Nordsee.
Ein Blick in die Statistik ordnet die Bedeutung des Fundes ein und wirft gleichzeitig ein Schlaglicht auf die Mengen an Rohöl , die weltweit verbrannt, verkocht oder eingelagert werden: Gemessen am Weltölbedarf im vergangenen Jahr reicht das Vorkommen im Cladhan-Feld - auf Basis der vorliegenden Angaben - bestenfalls für zweieinhalb Tage.
Den durchschnittlichen Tagesbedarf in der globalen Ölnachfrage hatte die Internationale Energieagentur (IEA) für 2009 mit 84,8 Mio. Barrel pro Tag angegeben. Ein Barrel entspricht 159 Litern.
Gedränge an einer leeren Bar?
Die BASF-Tochter ist bereits seit 1965 in der Nordsee tätig. Mittlerweile betreibt das Unternehmen 25 Erdöl- und Erdgasplattformen in der niederländischen und eine Erdgas-Plattform in der deutschen Nordsee.
Die Entdeckung von Öl im Cladhan-Feld könnte auch ein Übernahmeinteresse an Encore auslösen, berichtet das Blatt weiter. Als Bieter werde vor allem Wintershall gehandelt. Encore Oil wollte den Bericht nicht kommentieren. Bei Wintershall war zunächst niemand für einen Kommentar zu erreichen.