EnCore Says Breagh Gas Testing Successful

EnCore Oil says that the Breagh gas appraisal well on Southern North Sea block 42/13 has successfully tested dry gas at a maximum rate of 17.6 million standard cubic feet per day through a 56/64" choke. The gas was produced from the Carboniferous reservoir perforated between 7,332 feet and 7,447 feet measured depth below rotary table.

Well 42/13-3 encountered a possible gas-water contact in line with the original 42/13-2-discovery well giving a gross gas column of 460 feet. The well is being suspended as a potential gas producer.

Alan Booth, EnCore's Chief Executive Officer, commented:

"We are delighted with these results, which have come in ahead of our pre-drill expectations. The information we have gathered suggests that the West Breagh structure has the potential to be a sizeable gas accumulation. These results also bode well for the potential of the East Breagh structure, which could provide significant additional gas volumes. The prospectivity of the surrounding acreage in which we have an interest has now also been significantly de-risked."

EnCore has a 15% interest in the license and Sterling Resources Ltd, the operator, has a 45% interest.