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
-
The price of copper has risen – how long will the bull market last?
The price of copper has leapt to almost a two-year high, but demand for the metal continues to outstrip supply. How long will the market remain bullish?
By Alex Rankine Published
-
TSB set to close 36 bank branches
TSB joins the list of high street banks closing their doors to its branches as it claims more customers are moving online - we have the full list of closures
By Marc Shoffman Published