EnCore farms out North Sea block interest

Offshore staff

LONDON -- EnCore Oil has farmed out a 20% interest in central North Sea blocks 28/9 and 28/10c to Revus Energy (UK North Sea). EnCore will retain a 15% interest in the license.

Under the terms of the farm-out agreement, Revus will contribute to the costs of drilling the Catcher exploration well on a promote basis with drilling likely in early 2009.

09/29/2008