Stockopedia Stock Page For EnCore Oil

Fox Davies Capital Update featuring Kirkland Lake Gold, Ormonde Mining, Encore Oil, Northern Petroleum, Plexus, Beacon Hill Resources

Fox Davies Capital — Thu, 08 Dec 2011 08:26:06 +0000

Fox Davies Capital -:
Oil amp; Gas News Encore Oil (LON:EO.) PLC (EO/ LN, 77.5p, ▲ 0.75%) today announced an update on operations on the Tudor Rose well 14/30a-5 in Central North Sea block 14/30a. As previously announced, this well was expected to take 20 days. However, to date, some thirteen days have been lost due to bad weather and some minor operational delays. A further announcement will be made once the well has been completed. The licence group comprises EnCore Oil (40%, Operator), Endeavour Energy (20%), EnQuest (20%) and Nautical Petroleum (20%). Transoceans semi-submersible drilling rig Sedco 704...

Premier offer

Daytona — Thu, 24 Nov 2011 16:13:22 +0000

Daytona created:
I was contacted today by Georgeson on behalf of Encore who were chasing up shareholders to vote on the scheme of arrangement. Rather bemused by this since I own just 0.00096% of the company.

Fox Davies Capital Update featuring Anglo Pacific, Mariana, Stratex, Encore Oil, Hunting, Lamprell, Amec, San Leon Energy

Fox Davies Capital — Thu, 17 Nov 2011 08:00:04 +0000

Fox Davies Capital -:
Oil amp; Gas Corporate News San Leon Energy (LON:SLE) PLC (BUY, 50p) (SLE LN, 13.75p, ▲ 7.84%) today announced the successful completion of its first shale gas exploration well in the Baltic Basin. The Talisman Energy operated Lewino 1G-2 well, on the Gdansk W Concession in Poland, has been drilled to 3,600 metres. During drilling continuous gas shows were encountered over more than 1,000 metres in the middle and lower Silurian shales, Ordovician, and upper Cambrian. Gas shows consist of methane (C1) with a small percentage of ethane, propane, butane, and pentane (C2-C5+). Over...

re. EnCore Oil agrees sale to Premier Oil for £221 million

djpreston — Tue, 25 Oct 2011 07:13:29 +0100

djpreston posted:
Not sure if jseth's link gives the answer, won't load for me for some reason (prob Blackberry display prob). Anyway, its basically a hold over of the gain, the PMO shares are deemed to be acquired at the same time/cost as the EO. shares. However, if there's a cash element as well then things get complicated. What you need to do now (if a cash element) is to apportion the cost of the EO shares to both the cash and shares quot;potsquot;. You do this by taking the First Day...

re. EnCore Oil agrees sale to Premier Oil for £221 million

jseth123 — Mon, 24 Oct 2011 15:39:36 +0100

jseth123 posted:
No free lunch then! No surprises(!). Answer here too (after some searching): www.hmrc.gov.uk/helpsheets/hs285.pdf

re. EnCore Oil agrees sale to Premier Oil for £221 million

loglorry — Mon, 24 Oct 2011 14:40:24 +0100

loglorry posted:
I'm pretty sure that if for example you sell your PMO shares for the equivalent of say 110p (after applying the conversion rates from EO to PMO shares) you'll then get taxed on the effective gain/loss of what you paid for EO deducted from 110p. So if you paid 20p for your EO shares and you sell PMO for 110p (equivalent) you'll pay tax on 90p of profit. You can move your PMO shares into an ISA over time if your EO shares are not there already protecting against CGT...

re. EnCore Oil agrees sale to Premier Oil for £221 million

jseth123 — Mon, 24 Oct 2011 13:21:08 +0100

jseth123 posted:
What is taken as the purchase cost of the PMO shares? Is the EO gain carried over or does it quot;start afreshquot; from the date of getting PMO shares? Cheers

re. EnCore Oil agrees sale to Premier Oil for £221 million

loglorry — Mon, 24 Oct 2011 12:46:32 +0100

loglorry posted:
no cgt if you take the paper i.e. the gain/loss is not realised. The EO directors are taking PMO paper which is probably to avoid CGT. PMO does not pay a dividend though so if you want the gain/loss you'd have to sell in the market now or PMO later.

re. EnCore Oil agrees sale to Premier Oil for £221 million

MrTrousers — Mon, 24 Oct 2011 12:38:41 +0100

MrTrousers posted:
Apologies if this is a dumb question but does taking PMO paper assist with managing CGT? I would have thought that such an exchange would be treated as a sale of EO shares and then purchase of PMO shares i.e. crystallising any profit on the EO shares. MT

Deals of the Week: Premier Make an Opportunistic Grab for Encore Oil

EvaluateEnergy — Mon, 10 Oct 2011 10:59:14 +0100

EvaluateEnergy published:
Premier Oil (LON:PMO) made a timely offer for fellow North Sea exploration company Encore Oil this week, for a consideration of $325 million (net of cash held by Encore). The offer per share, which has been recommended by the board, is for either £0.70 in cash or 0.2067 shares of Premier Oil, representing a 55% premium on the day prior closing price. The fact that the share price of Encore Oil has since risen to over £0.75 per share would usually indicate that an offer is expected. In this instance however, due...