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All of EnCore’s onshore licences are part of the transaction which will see the licences transferred to Egdon Resources in return for a significant share holding in Egdon. The agreements relating to this transaction have been signed but the transaction has not yet completed. Please see the press releases dated 22 March 2010 and 23 September 2009 for further information on the transaction.

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EnCore has interests in seven onshore licences and one offshore licence covering over 3,600 acres of the Weald and Wessex Basins.  The licences are adjacent to the Horndean, Singleton and Storrington oil fields.  Prospectivity has been identified primarily within the Middle Jurassic Great Oolite and additionally within the Sherwood and Bridport sandstones.  Markwells Wood on licence PEDL 126 is expected to be drilled in 2010 (the access track and site build for the well began in March 2009)  and plans are currently being processed that may lead to the drilling of a well at Leigh Park on licence PEDL 155.

EnCore news releases on Weald & Wessex Basins:

22 March 2010 - Sale of Assets to Egdon Resources

23 September 2009 - Potential Asset Divestment

25 June 2009 - Activity Update

28 May 2008 - 13th Round Onshore Licensing Round Award

13 February 2007 - Commencement of Drilling Operations & Drilling Programme Update