EnCore says Cobra well is gas-bearing
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EnCore Oil said drilling at its 'Cobra' appraisal well on Southern North Sea block 48/2c has been completed and is gas-bearing as expected.
However, the oil & gas explorer added that until a full testing programme has been completed there is still uncertainty as to whether this reservoir is capable of delivering significant flow rates.
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"We are pleased to have completed the drilling phase of our first operated well, the results so far are in line with our pre-drill expectations," said chief executive Alan Booth.
"We look forward to the results of the testing programme which will provide critical information about the potential deliverability of the reservoir," he added.
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