Additional Information
Market: AIM
Sector: Energy
EPIC: ENEG
Latest Price: 8.63p  (-5.48% Descending)
52-week High: 17.00p
52-week Low: 7.63p
Market Cap: 11.39M
1 year chart More charts
digital-look imported chart image
Deal ENEG Tax Free*
*subject to change and depends on individual circumstances.
1 day chart More charts
digital-look imported chart image
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Enegi Oil
www.enegioil.com
Deal Enegi Oil Tax Free* Losses can exceed
your initial deposit *subject to change and depends on individual circumstances.

 

Enegi Oil Plc is an independent oil and gas company. Current operations are focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada and the Clare Basin in County Clare, Ireland.

 

The Port au Port Peninsula is located in western Newfoundland, which, although lightly explored, is in an active petroleum...

Read more
Full Enegi Oil profile here
All RNS Press Releases

RNS Release - EL1070 Update

31st Jan 2012, 12:24 pm
RNS Number : 4897W
Enegi Oil PLC
31 January 2012
 



ENEGI OIL PLC

AIM ticker: 'ENEG'

OTC ticker: 'EOLPF'

 

31 January 2012

 

Enegi Oil Plc

('Enegi' or 'the Company')

 

EL1070 Update

 

 

The Company is pleased to note the announcement issued by Shoal Point Energy ("SPE") on 30 January 2012 that a new side track (3K39Z) well will be drilled and approval for the work has been secured.

SPE indicates that 3K39Z will be drilled from the existing 3K39 well by setting a whipstock at approximately 1585 metres and drilling ahead to the base of the Green Point Formation.  Subject to final regulatory approvals, tests will then be performed to determine the flow potential and reservoir characteristics of unstimulated, fractured Green Point shales. 

SPE expects the program to take up to 60 days to complete.

 

Alan Minty, CEO of Enegi Oil Plc., commented:

 

"The drilling of a sidetrack well is a significant undertaking, which clearly shows SPE's belief in the Green Point shales.  We are excited by the prospect a positive result from the sidetrack would have on us and we eagerly look forward to further announcements over the coming weeks". 

 

Enegi Oil                                            0;   Tel: + 44 161 817 7460

Alan Minty, CEO                        

David Parry, Director                               Tel: + 1 604 568 0733

 

Cenkos Securities                                Tel: + 44 207 397 8900

Jon Fitzpatrick

Neil McDonald

 

College Hill                                           Tel: + 44 207 457 2020

Nick Elwes

 

www.enegioil.com

 

Facebook (Enegi Oil PLC)

 

Twitter (@enegioil)

 

 

 

The Company

 

Enegi Oil Plc is an independent oil and gas company.  Current operations are focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada and the Clare Basin in County Clare, Ireland.  The Port au Port Peninsula is located in western Newfoundland, which, although lightly explored, is in an active petroleum system with light oil having been discovered on a number of occasions.  The Clare Basin is located in western Ireland and initial technical studies show that it has the potential to contain shale gas.

 


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

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.