Fairfield farms into EnCore block

EnCore Oil has entered a farm-out agreement with Fairfield Acer relating to UK central North Sea block 9/27a.

Offshore staff

LONDON, UK --EnCore Oil has entered a farm-out agreement with Fairfield Acer relating to UK central North Sea block 9/27a.

Under the accord, Fairfield - a subsidiary of Fairfield Energy – will become operator holding a 25% interest in the block, with an option to lift this percentage to 62.5% on a promoted basis.

EnCore's CEO Alan Booth said Fairfield's knowledge of the area - it operates the adjacent Crawford field re-development – will allow the group to maximize the license' potential.

04/24/2008

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