I've been building my stock in these for the past couple of months and think these are primed to go! Here's some info...Encore oil is debt free, turning a profit of £17.4 m in 2009 and currently sitting on £43 m in the bank. With the much forgotten buyback scheme still in force at 14.5p, this is guaranteed to go no lower. With several operations due to begin, an sp of 15p is going to be a thing of the past.
The Ceres gas field will begin production in the next few weeks with Catcher, in UK Central North Sea block 28/9 expected to be drilled in late March / early April 2010 with EnCore holding 15% of the block and the costs of the well being carried by partners Premier Oil and Wintershall. Plans for an appraisal well at Cladhan (UK Northern North Sea blocks 210/29a & 210/30a) are also to commence within the period from late May to early July 2010. Combine this with the rising oil prices and encore is a sleeping giant and with a huge gas storage project tucked neatly up their sleeves! GLA

Further info.: http://www.encoreoil.co.uk/pages/news/index.asp?NewsID=228 By boomorbust007

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