EnCore Reaches TD at Catcher South West Well

EnCore Oil has reached a total depth on the Catcher Southwest appraisal well on Block 28/9. The well was drilled to a measured depth of 6,255 feet (1,907 meters), encountering excellent quality oil bearing reservoir sandstones at the targeted Cromarty sandstone level. Initial analysis indicates a gross reservoir interval of 449 feet (137 meters), equivalent to a vertical reservoir thickness of 261 feet (80 meters), a net vertical sand thickness of 121 feet (37 meters), and a hydrocarbon column of 173 feet (53 meters). Additionally, the fluid levels of the appraisal well are consistent with the oil water contact found in the Catcher discovery well. The drilling program in the Catcher area is now complete and the Galaxy II jackup will be released following completion operations on the 28/9-1Y well. The Catcher prospect is located in the Central North Sea Block 28/9 in a water depth of 299 feet (91 meters). Encore Oil serves as the operator of Catcher, holding a 15% interest; Premier Oil holds 50%; Nautical holds 15%; and Wintershall holds the remaining 20% interest.

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