(ENEG.L) Enegi Oil PLC Buy/Sell

RNS Number : 8154C Enegi Oil PLC 20 November 2009

20 November 2009

Enegi Oil Plc

('Enegi' or 'the Company')

Interest Swap - Exploration Licence 1070

Enegi is delighted to announce that its wholly owned subsidiary, PDI Production Inc. ("PDIP") has entered into an agreement with Shoal Point Energy ("SPE") and Canadian Imperial Venture Corp ("CIVC") whereby PDIP will gain 100% interest in the St George's Group play on Exploration Licence 1070 ("EL1070"). Under the terms of the agreement Enegi will transfer its interest in the other play, an unconventional shale play, to SPE and CIVC.

The interest holders in Exploration Licence 1070 (EL1070) have entered into these agreements, in order to focus and facilitate activity on the Licence.

EL1070 is located in Port au Port Bay, East of Long Point and in the Gulf of St. Lawrence, West of Long Point. The Licence comprises 103,040 hectares (254,608 acres) in water depths of less than 100m. Targets within the Bay are reachable by directional drilling from onshore surface locations. Working interest holders in EL1070 include SPE, PDIP and CIVC.

Two principal play types are recognized in EL1070 which, equally, have the potential to yield significant discoveries. These are:

a) The conventional structural play in the middle Ordovician platform carbonates of the St. George's Group which has produced hydrocarbons at Garden Hill South, located approximately 40 km to the SSE along trend where PDIP recently resumed operations as announced on 3rd November 2009;

b) An unconventional shale play in the Middle Cambrian to Lower Ordovician Green Point Formation which produced oil in historic wells on Shoal Point and which produced hydrocarbons shows while drilling both the Hunt PanCanadian Shoal Point K-39 well and the more recent SPE Shoal Point 2K-39 / 2K-39Z well.

Among the interest holders, there was considerable debate on the relative merits of the two plays with no clear preference acceptable to all parties emerging. In the interest of allowing proponents of either play to pursue the play of their choice, an interest swap agreement has been signed in which CIVC and SPE will transfer all of their respective interests in the St. George's Group to PDIP who in turn will transfer all of its interest in the Green Point Formation to CIVC and SPE. In this way, every company is able to maximize its interest in the play of its choice and pursue its development as rapidly and efficiently as possible.

Following the drilling of the 2K-39/2K-39Z earning well by SPE and the implementation of the new swap agreement, the interests in the EL1070 are as follows:

Strata to the base Strata below the base
of the Green Point Formation of the Green Point Formation

SPE 68.50% 0.00%
CIVC 31.50% 0.00%
PDIP 0.00% 100.00%

In the Competent Person's Report issued for the Company's IPO, the following prospective resources were allocated to the Shoal Point lead which is contained within the St. George's Group:

All figures in mmboe
Lead P90 P50 P10 Mean Probability of Success Risked
Shoal Point 7.9 21.7 58.6 29.5 11% 3.2

Hence, by undertaking the interest swap the Company has increased its risked prospective resources in the Shoal Point lead to those figures show above, or by 2.1mmboe.

Alan Minty, CEO of Enegi commented:

"We are delighted to have reached this agreement with our partners. This transaction will enable us to focus and develop the play of greatest interest to us. We believe the St George's play is very prospective and offers some good opportunities for us which we look forward to exploring further."

ENQUIRIES:

Enegi Oil Tel: + 44 161 817 7460

Alan Minty, CEO

Cenkos Securities Tel: + 44 207 397 8900

Joe Nally Stephen Keys

College Hill Tel: + 44 207 457 2020

Nick Elwes

www.enegioil.com

Qualified Persons

The information in this release has been reviewed by Barath Rajgopaul MSc (Mech. Eng.) C. Eng, a director of Enegi. Mr. Rajgopaul has over 25 years experience in the petroleum industry.

The Company

Enegi Oil Plc is an independent oil and gas group whose objective is the identification, development and operation of hydrocarbon opportunities. The Group's current operations are focused on assets on and around the Port au Port Peninsula in Newfoundland, which, although lightly explored, is in an active petroleum system with light oil having previously been discovered there. The Group's assets include Garden Hill South, Shoal Point, Garden Hill Central, Garden Hill North and Lourdes.

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 5768C Enegi Oil PLC 16 November 2009

For filings with the FSA include the annex For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer ENEGI OIL PLC

of existing shares to which voting rights are attached: ii 2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
James Passin, in his capacity as manager of FG2 Advisors, LLC.

3. Full name of person(s) subject to the notification obligation: iii
Firebird Global Master Fund II, Ltd.

4. Full name of shareholder(s) (if different from 3.):iv
November 11, 2009

5. Date of the transaction and date on which the threshold is crossed or reached: v
November 12, 2009

6. Date on which issuer notified:
4%

7. Threshold(s) that is/are crossed or reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting rights x
of of of shares rights
Shares Voting
Rights
Direct Direct xi Indirect xii Direct Indirect
Ordinary 3,000,000 3,000,000 2,575,000 Nil 2,575,000 Nil 2,575,

ISIN Number:

B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
acquired if the
instrument is
exercised/ converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction
Type of financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx
instrument Conversion period xviii
N/A Nominal Delta

Total (A+B+C)
Number of voting rights Percentage of voting rights
2,575,000 3.86%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

The voting rights associated with the shares referred to in Question 8 are held directly by Firebird Global Master Fund II, Ltd., which holds the voting rights associated with 2,575,000 ordinary shares of the issuer, representing approximately 3.86% of the total voting rights of the issuer. FG2 Advisors, LLC serves as the investment manager of Firebird Global Master Fund II, Ltd. and is controlled by James Passin, who controls the exercise of these voting rights.

Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
James Passin

14. Contact name:
+1 212 698 9260

15. Contact telephone number: Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification obligation Full name (including legal form of legal entities) Contact address (registered office for legal entities) Phone number & email Other useful information (at least legal representative for legal persons) B: Identity of the notifier, if applicable Full name Contact address Phone number & email Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 8680B Enegi Oil PLC 03 November 2009

ENEGI OIL PLC

Trading symbols:

London Stock Exchange: ENEG

Bourse de Luxembourg: GB00B29T9605

3 November 2009

Enegi Oil Plc

('Enegi' or 'the Company')

Enegi Garden Hill South Well Flows

Further to the news release on 1st October 2009, Enegi today announces that operations have now re-commenced at the PaP¿1-ST¿3 well at Garden Hill South.

The well initially flowed at a rate of between 580 to 600 bopd plus associated gas, on a 32/64th choke, that is, the well was choked back by 50%.

Data obtained when the well was brought on line in January 2009, suggests that if the well is flowed at full capacity, the wellbore pressure will decline steeply, reducing the time the well can produce.

Taking these parameters into account, the well will now be choked back further and the wellbore pressure carefully monitored. The intention is to gather data for further operations and to find the highest flowrate the well can sustain without a steep drop in wellbore pressure, so that oil and gas production is maximised.

Further updates will be provided over the following weeks.

Alan Minty, CEO of Enegi Oil commented:

"We are delighted that the well is now flowing, albeit on an interval basis. With the continued development programme that we are planning we believe that the well's full potential will soon be realised. In addition to developing Garden Hill South, we are continuing to implement our plans to de-risk and add value to the other assets in our portfolio. The coming months will be an exciting time for the Company."

03 November 2009

ENQUIRIES:

Enegi Oil Tel: + 44 161 817 7460

Alan Minty, CEO

Cenkos Securities Tel: + 44 207 397 8900

Joe Nally Stephen Keys

Fox-Davies Capital Tel: + 44 207 936 5200 Daniel Fox-Davies

College Hill Tel: 020 7457 2020

Nick Elwes

www.enegioil.com

Qualified Persons

The information in this release has been reviewed by Barath Rajgopaul MSc (Mech. Eng.) C. Eng, a director of Enegi. Mr. Rajgopaul has over 25 years experience in the petroleum industry.

The Company

Enegi Oil Plc is an independent oil and gas group whose objective is the identification, development and operation of hydrocarbon opportunities. The Group's current operations are focused on assets on and around the Port au Port Peninsula in Newfoundland, which, although lightly explored, is in an active petroleum system with light oil having previously been discovered there. The Group's assets include Garden Hill South, Shoal Point, Garden Hill Central, Garden Hill North and Lourdes.

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 7073B Enegi Oil PLC 30 October 2009

For filings with the FSA include the annex For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer Enegi Oil
of existing shares to which voting rights are Sedol B29T960

attached: ii 2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
3. Full name of person(s) subject to the Barclays PLC

notification obligation: iii 4. Full name of shareholder(s) (if different from 3.):iv
5. Date of the transaction and date on 19th October 2009

which the threshold is crossed or reached: v
6. Date on which issuer notified: 20th October 2009
7. Threshold(s) that is/are crossed or 5% to 6%

reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting rights x
of of of shares rights
Shares Voting
Rights
Direct Direct xi Indirect xii Direct Indirect
GB00B29T9605 3,946,976 3,946,976 4,210,401 0 4,210,401 0.00% 6.31

B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
acquired if the
instrument is
exercised/ converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction
Type of financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx
instrument Conversion period xviii
Nominal Delta

Total (A+B+C)
Number of voting rights Percentage of voting rights
4,210,401 6.31%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Barclays Stockbrokers Ltd

Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name: Geoff Smith
15. Contact telephone number: 0207 116 2913

This information is provided by RNS The company news service from the London Stock Exchange

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