Encore shares rise despite delay
EnCore Oil's share price rose 1.94% to 79p despite the firm announcing that operations on the Tudor Rose well 14/30a-5 in Central North Sea block 14/30a had been delayed by 13 days as a result of bad weather and minor operational delays.
EnCore Oil's share price rose 1.94% to 79p despite the firm announcing that operations on the Tudor Rose well 14/30a-5 in Central North Sea block 14/30a had been delayed by 13 days as a result of bad weather and minor operational delays.
It had previously been announced that the well was expected to take 20 days.
EnCore is the licence operator and owns 40%, alongside Endeavour Energy, EnQuest and Nautical Petroleum, which each own 20%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
How to invest in nuclear power
We need nuclear power to go green, says Dominic Frisby. But there is a better option than huge power stations
By Dominic Frisby Published
-
Chase slashes its easy-access savings rate – is it time to switch?
The Chase easy-access savings account has proved popular with savers thanks to its competitive rate and bonus deals. But, as the rate has dropped, has it lost its charm?
By Katie Williams Published