EnCore Oil - A New Generation Exploration & Production Company - Operations

EnCore holds two onshore exploration licences in France: Mairy and Nîmes.

Latest News

EnCore’s two onshore licences in France are part of the transaction which has seen a package of licences transferred to Egdon Resources in return for a significant share holding in Egdon. The agreements relating to this transaction were signed on 22 March 2010. The completion of the agreements relating to the onshore French licences will happen later in 2010. Please see the press releases dated 28 July 2010, 22 March 2010 and 23 September 2009 for further information on the transaction.

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French Licence Location Map

Mairy Licence

EnCore agreed to form a partnership for a licence application on the Mairy Licence (formerly known as Vitry la Ville) in April 2007.

The licence is located in the eastern portion of the Paris basin adjacent to the Dommartin Lettree and Courdmanges oil fields, both of which produce oil from the Triassic age the Rhaetian sand.

The licence contains well LVB-1 which encountered productive rhaetian sandstones at a depth of 1800 metres. The LVB-1 well produced some 59,000 barrels of oil during 688 producing days before being abandoned prematurely.

Engineering studies and reinterpretation of the seismic data indicate that the LVB-1 was not ideally sited and appears to be located on the flank of a large shallow relief structure.

EnCore will hold a 30% interest in the licence which is to be operated by Lundin International (40%). Toreador Energy France will have 30% equity.

Nîmes Licence

The Nîmes Permit lies within the onshore sedimentary basin of the Camargue directly north of the Oligocene age Gallician field. EnCore considers this part of the basin under-explored and plans to re-evaluate the area based on current seismic and well data.

EnCore news releases on French licence interests:

28 July 2010 - Completion of Sale of Assets to Egdon Resources

22 March 2010 - Sale of Assets to Egdon Resources

23 September 2009 - Potential Asset Divestment

7 January 2008 - EnCore Progresses Second French Exploration Licence

26 April 2007 - EnCore Progresses French Exploration Licence