DTI Approves EnCore's Acquisition & Operatorship of North Sea Blocks

EnCore Oil reports that the DTI has formally approved its acquisition of six North Sea blocks from PetroCanada UK Limited.

Located in the Central Graben area of the North Sea, EnCore will be operator of five of the six blocks, which between them contain a number of undeveloped discoveries and exploration prospects.

Commenting on receiving regulatory consent, EnCore Chief Executive Alan Booth said: “The formal DTI approval is excellent news for EnCore. We are developing the necessary work programs with our co-venturers to evaluate the commercial viability of the discoveries and assess the exploration prospects which exist on the blocks.”

The six blocks acquired from PetroCanada UK Limited are: 21/24 (part) - 95% interest; 21/30S - 95% interest; 21/29b - SE 61.312% interest; 21/29b SW - 51.612% interest; 15/26a – 47.5% interest; 29/6a – 20.1005 interest.

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