Dyas acquires interest in North Sea blocks

Dyas UK has acquired a 10% interest in northern North Sea blocks 210/29a and 210/30a from EnCore Oil. EnCore will retain a 16.6% interest in the license.

Offshore staff

LONDON -- Dyas UK has acquired a 10% interest in northern North Sea blocks 210/29a and 210/30a from EnCore Oil. EnCore will retain a 16.6% interest in the license.

The companies expect to drill a well on block 210/29a on the Bowstring East prospect (also known as Cladhan) in October using the semisubmersibleSedco 704. Under the terms of the farm-out agreement, Dyas will contribute to the cost of the well on a promote basis.

This agreement is subject to the usual regulatory consents, including BERR consent.

09/19/2008

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