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EARLIER ANNOUNCEMENT BY GULF CANADA RESOURCES LTD. HAS IMPACT ON THE TRADING PRICE OF ENCOR INC. COMMON SHARES

 EARLIER ANNOUNCEMENT BY GULF CANADA RESOURCES LTD. HAS IMPACT
 ON THE TRADING PRICE OF ENCOR INC. COMMON SHARES
 CALGARY, Alberta, April 1 /PRNewswire/ -- The announcement earlier this week by Gulf Canada Resources Ltd. relating to the Kuala Langsa-1 well in Indonesia has had an impact on the trading price of the Encor Inc. (Toronto, Montreal: ECR) common shares. The company holds a 22.5 percent interest in the offsetting acreage, the Langsa block located in the Malacca Strait off the northeast corner of the island of Sumatra.
 Encor is unable to determine at this time the impact of the Kuala Langsa-1 well on the company's acreage. Encor and its partners are currently shooting seismic in the Langsa Bay area to establish a potential drilling location.
 The company's common shares trade on The Toronto Stock Exchange and the Montreal Exchange under the symbol "ECR."
 -0- 4/01/92
 /CONTACT: E. Susan Evans, VP-law & corproate affairs, 403-231-6066; or Elliott R. Bingham, treasurer, 403-231-1888, both of Encor/
 (ECR.) CO: Encor Inc. ST: Alberta SU: OIL IN:


EH -- LA036 -- 4150 04/01/92 20:01 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 1, 1992
Words:182
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