TAQA acquires EnCore Oil Nederland

Abu Dhabi National Energy Co. (TAQA) has agreed to purchase of EnCore Oil Nederland B.V., a wholly owned subsidiary of EnCore Oil for $5.5 million.

Offshore staff

ABU DHABI -- Abu Dhabi National Energy Co. (TAQA) has agreed to purchase of EnCore Oil Nederland B.V., a wholly owned subsidiary of EnCore Oil for $5.5 million.

EnCore Oil Nederland's only asset is a 10% interest in the Amstel field offshore Netherlands. Following completion of the transaction, EnCore Oil Nederland B.V. will be integrated into TAQA Energy.

09/26/2008

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