Revus Energy has entered into a farm-in agreement with EnCore Oil plc to earn a 20% interest in UK Central North Sea blocks 28/9 and 28/10c. Through the deal, Revus will obtain access to the 'Catcher' prospect, which will be drilled in 2009.
"We are pleased to be able to offer our shareholders exposure to further potential value adding opportunities with little or no capital exposure. We look forward to drilling the Catcher prospect in 2009," added Alan Booth, CEO of EnCore.
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