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Additional Information
Market: AIM
Sector: Energy
EPIC: ENEG
Latest Price: 17.25p  (-1.43% Descending)
52-week High: 20.75p
52-week Low: 7.25p
Market Cap: 18.31M
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Enegi Oil
www.enegioil.com

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, Canada, which, although lightly explored, is in an active petroleum system with light oil having been discovered there. The Group's assets in Newfoundland include a discovery at Garden Hill South as well as leads and prospects at Shoal Point, Garden Hill Central and Garden Hill North.  The Company also has an onshore licensing option over the Clare Basin in Ireland, which is on the same fault system trend as the leads and prospects in Newfoundland.

 

Full Enegi Oil profile here
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Enegi Oil raises £429,000 via a placing at 13 pence

18th Jan 2012, 11:16 am by Ian Lyall The cash will be used to meet the company’s working capital requirements.

Enegi Oil (LON:ENEG) said this morning it has raised £429,000 via a placing of shares at 13 pence each, a modest premium to last night’s close.

The cash will be used to meet the company’s working capital requirements.

Chief executive Alan Minty acquired 400,000 shares in the placing, taking his stake in the company to 14.5 per cent.

Non-executive director Alex Lamb’s company BEL Group Investments also acquired the same number of shares.

Earlier this month Enegi shares rocketed 50 per cent after it confirmed that the 3K39z Shoal Point well encountered liquid hydrocarbons over the entire gross section of the well below 700 metres. 

The company said that a number of tests are planned. This work will take between nine and twelve weeks to complete.


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