Habe einen Stock Market Investigator gefunden, der selbst massiv in EnCore investiert ist und hier eine Analyse abgibt: 10th Ocotber 2010 Here are our tips for today ENCORE Oil This is an exploration company with a difference with a great track record for finding oil, and lots of it, in the North sea. We here at STG have invested heavily into this company believing that it's future is sealed with an excellent profitable opportunity for the private investor to reap rewards that would be very difficult to find in other AIM stocks. Encore has a management team that has proven that it can and will continue to find oil. There are certain members of this team that were responsible for the amazing Buzzard find in the North Sea. Listening to the talk/whispers in the city, we believe that it's only a matter of time before the company is taken over by a larger oil company - we are talking within 6 months, possibly sooner. Rumours are circulating that there are on-going talks, regarding a bid based on Encore's results from Cladhan/Catcher/commerciability once they have proven oil in place, as of yet they still have to reach oil/water contact which is proving difficult due to the size of this find now having to do further drills - on this basis alone we believe a commercial find is inevitable. Remember this is in the North sea with political stability and infrastructure already set in place, but this is a company with a difference: look further into their finances to see they are debt free, they have cash in the bank, have a 30% stake in Egdon Resources, they have light oil which commands a $2 premium on US crude, gas storage facilities which are yet to be valued. If the rumours are correct that are coming out of the city of London, then catcher is almost certainly a contender if not larger than Buzzard. As for Cladhan - this also has the potential, from what we are hearing, to compete with the Buzzard field which is producing in excess of 280,000 barrels of oil a day. Management have made it quite clear they are up for sale: we ask what exactly is up for sale and this is what the city is also asking. Are the management team included? We expect so - the feeling here is that there is no point buying just the company's name/assetts, that would be like buying a Yacht with no sails. Oil companies would rather have the very experience Encore team working with them rather than against them, thus taking the competiton out and bringing them on board makes perfect sense. The value of this company is obvious in our opinion - 15% stake in Catcher and being the operators, possibilty of in excess of 1 Billion barrels of light oil
- holding 16.5% in Cladhan which has been described by operators, Sterling Resources, as a Magnus type field which could hold up to 1 billion barrels of light oil
- looking forward to the Tudor rose (heavy oil) discovery with a 40% stake and being the operators, with estimates up to 500 Million barrels and being in partnership with Nautical Petroleum (heavy oil specialists holding a 20% stake)
With this in mind we would be amazed if Encore were still trading by next April meaning an offer could come at any stage of the game and when it does it will start a snowball reaction for all the North sea competitors to jump on board. The likes of Premier oil and Wintershall will have to battle this one out - we know Alan Booth has the best interests of shareholders at heart putting himself into the same category as them, stating he is not working for a salary. This company will make some private investors very rich indeed - we here at STG will wait for an offer of anywhere between £4 and £6 to buy Lock Stock and Barrel. In the mean time we will be increasing our holdings until the end of play is in sight - the city do not want you to know the secrets we are telling you, especially for free! We see the current share price being very undervalued at the moment. We give it a £1.80 valuation. Bookmark us and watch out for further tips in the future. Good luck and happy researching STG Team www.sharetipsgalore.co.uk/encore-oil Die Übernahmegerüchte scheinen sich zu manifestieren. Es wird einen Kampf geben zwischen Wintershall und Premier Oil - letzteren habe ich ja schon als Übernehmer vermutet (#72) ----------- An der Börse ist alles möglich, auch das Gegenteil. André Kostolany
MfG Palaimon
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