Enegi Oil is newly listed on AIM.

Enegi Oil Plc is an independent oil and gas group whose strategy is to identify,
develop and operate hydrocarbon opportunities initially focussed on the proven
petroleum region of western Newfoundland, Canada. The Company is pleased to
announce its admission to trading on AIM and the Bourse de Luxembourg today.

Enegi will be admitted to trading at a placing price of 181p and is raising
approximately 15.0 million. On Admission the Company will be capitalised, at the placing price, at approximately 55 million.

The directors of The directors of Enegi Oil Plc (AIM : ENEG, Meditterranean Oil & Gas (AIM : MOG), ), and Firestone Diamonds (AIM : FDI) are presenting at Proactiveinvestors this coming Thursday, in Mayfair, London, commencing at 18:00.

These are great evenings for the professional or private investor to attend, and the opportunity to chat informally afterwards with the directors, and fellow investors of all levels, is an opportunity not to be missed.


Registration and further details can be found here ;

http://www.proactiveinvestors.co.uk/eventregistration.php


Hope some of the posters here can attend, would be great to meet up.

A new article has jclick HEREust been published,

edit this post
london presentation tomorow night!



http://proactiveinvestors.co.uk/register/event_details/16

The directors of Enegi Oil (AIM: ENEG), Mariana Resources (AIM: MARL) and Northern Petroleum (AIM: NOP) will be presenting:

Tuesday the 25th November 2008
At the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB.

http://www.proactiveinvestors.co.uk/register/event_details/16

Tomorrow Night

The directors of Enegi Oil (AIM: ENEG), Mariana Resources (AIM: MARL) and Northern Petroleum (AIM: NOP) will be presenting:

Tuesday the 25th November 2008
At the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB.

The presentations will start @6:00pm and finish at 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canape and wine reception. Details on the presenting companies can be found below.

21.5p now - down from 180p when it was admitted into AIM end of last year.



Enegi's Garden Hill South well shut-in - MoneyAM


Western Newfoundland-focused oil and gas company Enegi's Garden Hill South is sub-economic and has been shut-in following a flow test.

It said the well has proved the presence of producible oil at the southern end of an identified trend.

This trend contains potentially drillable untested leads, Garden Hill Central and Garden Hill North, in Enegi acreage to the north east.

During the drilling of the well and the subsequent flow test, 6,146 barrels of high quality crude oil were produced as well as associated gas.

The company is now considering its options and is working with Cenkos Securities, its Nominated Adviser, in reviewing these alternatives.

Is this one now a buy?
Market cap of 3.92 million.
Came to the market in 2008 at 1.80 per share, currently 13.75p.

Enegi Oil Plc
01/10/09 - 07:00
Resumption of Operations

Enegi today announces that its wholly owned subsidiary, PDI Production Inc ('PDIP'), intends to resume operations at the PaP#1-ST#3 well at Garden Hill South within the coming weeks.

On 3 January 2009, the PAP#1-ST#3 well was brought on line for clean up prior to undertaking a flow test. The well was choked back to assist in the clean up and initially flowed at 500 bopd and 1,690 mscf per day. However, the wellbore pressure and flow rates subsequently declined. The well was subsequently shut in as the well was unable to sustain continuous production and also due to the high costs of operating during winter conditions; which made further operations uneconomic at that time. Over the three week period that the well was online 6,146 barrels of high quality 51o API crude oil and 3,100 boe of sweet gas were produced.

The wellbore pressure has since recovered to levels similar to those before the well was brought on line. The performance of the well indicates that it is in contact with a large volume of oil but that the connectivity to the wellbore is poor. The data also indicates that the well is capable of producing on an interval basis, whereby the well may be flowed, then shut-in, to recharge the in-contact reservoir pressure, before repeating the process.

It is now the intention to flow the well on an interval basis when operating costs would be low enough and flow rates high enough for the operation to be economic. In addition to giving PDIP revenue, flowing the well will also:

provide an understanding of how the well performs in periods where heating the annulus is less critical;

provide an opportunity to purge approximately 50m3 of water that was not flowed out when the well was on line in January. If purged, flow rates may improve as a result of improved connectivity to zones near the toe of the well; and

provide more data on how the wellbore pressure declines and recharges over time.




Alan Minty, CEO of Enegi Oil commented:




'We are delighted to re-commence operations. When we originally drilled the well earlier this year the prevalent conditions and high costs associated with winter operations made the well uneconomic at that time. Flowing the well now will not only provide us with some revenues, but will also provide further technical information about the well.'

Up 23% this morning!

thats not enough for cynic for his daily trade

you are such a stupid bitch, you really are ...... i suppose i ought to squelch you, but have not done so to anyone to date and don't intend to start now

Proactive Investors:

Monday, October 05, 2009

Oil & Gas Juniors Resurgent on Londons AIM Market, Enegi Oil Leads Once Again followed by Gulf Keystone and Northern Petroleum

"Oil & Gas juniors have generally provided strong trading as explorers rebound follow last weeks volatility.
Once again Enegi Oil (AIM: ENEG) led the junior oil & gas market, rising around 24% to change hands at 17p per share. Iraq and Algeria operating Gulf Keystone Petroleum (AIM: GKP) was particularly strong also, advancing almost 9%, while Chariot Oil & Gas (AIM: CHAR) rose 6%."

sorry to tell you lads, but closing price was actually 14.0/16.0, last trade @ 15.0 ...... imo, this is a very dangerous stock to play with

Cynic: You may not like them but they seem to have gained a good following.
Shares in issue 65.79 million
Major shareholders
Alan Minty 7,483,911
Rapid Realisations Fund Limited 10,858,069
Henderson Global Investors Limited 1.793,000
BlackRock Investment Management (UK) Limited 1,800,000
Barath Rajgopaul 1,764,851
PDI Production Ltd 1,702,863
BEL Valves Ltd 1,610,445
Michael Hibbert 1,608,038
Pacific International Management Inc. 1,519,890
BCM Partners LLP 1,000,000
HJ Heinz Trust Limited 2,479,500
Majedie Asset Management Limited 3,552,486

and that is exactly why they are so difficult to trade, and hence one of the major problems and dangers ..... unlike certain posters, i do not, or at least try not to abuse other "friends" here nor deride their investment decisions .... in this instance i was actually asked to comment, so i did, and stand by my comments

Cynic,
Thanks again for youe comments.

would seem to be faultering today, maybe it's had it's run for now.....

35,500 traded; sp 14/16 ...... no further comment required i think

Top 10 Trades

Barclays Stockbrokers Top Trades

Online Trades


Monday, 5 October 2009
purchases

1 ROYAL BK SCOT GRP 8.49%

2 LLOYDS BANKING GROUP PLC 7.80%

3 Gulf Keystone Petroleum 4.01%

4 BARCLAYS 3.61%

5 BPC Ld 2.27%

6 XSTRATA 1.79%

7 TAYLOR WIMPEY PLC 1.51%

8 Yell Group 1.39%

9 BP 1.39%

10 Enegi Oil PLC 1.11%

On the move again.

yes but try buying some!


i can only buy 600 quid worth......and that was at huge margins offered.
even 800 quid and not allowed to buy unless negotiated so aint doing that.

theres hardly any shares and its obvious mm's been playing games in rying to obtain shares as they must be well short
anyway good luck to all on this as i'm sure many want to buy these but cant

said it before .... this is a damn dangerous stock to play, as the bulk of the shares are very tightly held and the spread is usually 10%+ ..... with a tiny EMS (as you pointed out), it's not so much the buying that would be a prob (you can leave orders to be part filled etc), but if you want or need to unload in a weak market .... in that event, you will be flayed alive

CYNIC i would have done just as well putting it into AFR,
next tip you give me i will listen.

bloody fool!
still not too late for AFR, but would be inclined to wait to see if sp stumbles at 90 .... if so, buy cheaper; if not buy on upward break ..... i think this may prove to be a cracker over the next year or so

NOTED.

Your getting very personal cynic..... you call cape a bloody fool and me to F.... off the other day.........

Balerboy,i do not take offence at CYNIC,thats his style,and i admire his upfront attitude,if you want to take exception on your behalf thats up to you,but leave me out of it.
Good rise @ eneg today,but i would have made much more at afr,and its much easier to trade.

CT ... thanks for the defense, but i think you'll find BB was just joshing

Clearly its me that needs to chill then.

You know me toooo well cynic...lol it's ok cp.

that's the prob when you can't read the body language in the written word

Balerboy, cheers.
Look at engen GO GO GO!!!!

Nice one capetown!

depends how much u got on them

i could only get response for 600 quid yesterday so never bothered........even if it doubled which no guarantee its a trivial amount.......and margins are massive too.

the big boys have most of the shares to themselves.....noses in trough, oink oink

for reasons given previously (and as marni also says), this is def a stock for fools and horses

ok rodney, this time next year we will be millionaires

wheres trigger

Shares in issue 66.79 million
Major shareholders:

Rapid Realisations Fund 10,794,210
Alan Minty 7,483,911
BlackRock Investment Management (UK) Limited 5,800,000
RMRI 4,636,904
Majedie Asset Management Limited 3,552,486
HJ Heinz Trust Limited 2,479,500
Henderson Global Investors Limited 2,038,939
Barath Rajgopaul 1,764,851
PDI Production Ltd 1,702,863
BEL Valves Ltd 1,610,445
Michael Hibbert 1,608,038
Pacific International Management Inc. 1,519,890
BCM Partners LLP 1,000,000

Informative posting taken from another BB:

kevin definitely 66.7m shares in ENEG for a Mkt Cap of 10.84m.
Hi Cube boss. ENEG definitely has one thing in its favour; its in a politically low (or even nil) risk area In Newfoundland. Shares placed at float in March 2008 for 181p!! Valued at 55m at float. Raised 15m. One onshore (100%) licence and stakes in 2 offshore licences. First bad news was on 22/7/08 when Shoal Point offshore well (32% interest) found nothing. 2nd bad news 9/2/2009 when sidetrack well (expensive well 4000m deep then sidetrack) at Garden Hill South (100% interest) was deemed sub-economic, this after news 6/1/2009 that the well had flowed at 696boepd on 1st day. sp fell off a cliff!! Its 100% operating subsiduary PDIP had to be bailed out and its debt restructured. ENEG had a placing to raise 1.5m (30m shares @ 5p) 28/8/09 to continue operations. 2 previous vertical wells had been drilled on GHS (expensive to drill at GHS because wells 4000m deep like MTA). 3rd party farmed in to PAP No1 well GHS. C$2.5m for 30%. sp really took off with the announcement of resumption of operations at the shut in sidetrack well at GHS. Evidently 6,146bbls of very high quality 51 deg API oil and 3,100boe of sweet gas were produced during 3 week period the well was online. Well bore pressure has increased during shut in period. 24,000boe were produced from the 2 previous wells at GHS (one the subject of a farm in as previously mentioned).
Estimated resource for GHS estimated at 8.6mmboe. I dont know what debts its 100% subsiduary PDIP has got (complicated structure) but they were re-scheduled. ENEG only had 600k cash at 31/12/08. Placing for 1.5m in August was just as key for ENEG as the placing for 5.35m in July was for MTA!! Both placings roughly doubled the shares in issue.
In conclusion ENEG is very speculative though the company thinks there is oil in this GHS field as it proved during 3 week trial production. Need to overcome the problem of drop in well bore pressure. Very good quality oil and gas. I think it would be wise to ferret around in the accounts to see what debts its 100% operating subsiduary has. The company is quite opaque in that respect. Resumption of production at this sidetrack, on shore, well seems to be key to short term sp. It has managed to attract a 3rd party to farm in for 30% of another onshore well (for C$2.5m = roughly 1.4m). Do the potential rewards justify the risk? It was valued at 55m at float on the same assets though obviously 2 disappointing wells since then. Doesnt look to be any serious resistance until 50p on the chart. I'm not tempted bwtfdik? Best of luck with your investment Cube boss; hope it does very well!! Drilling costs are high onshore (deep wells) but around 40mmboe to go for. So I suppose its cheap when one compares the Mkt Cap to potential resource but need to check for any debt in subsiduary and will the sidetrack well at GHS produce sufficiently to make it economic.
EDIT: originally put down wrong info on wrong info on resources. More than one Garden Hill!!. Have adjusted my post accordingly.
GHS is 8.6mmboe
GH Central is 24.6mmboe
GH North is 8.3mmboe.
So the reserves position is a lot better than I originally thought. Dont know the offshore potential resource. Probably no value ascribed to offshore interests because only well so far was a dud. Have edited my post. I apologise for my previous errors, now corrected, as regards resource. Its very easy to make mistakes when there are more than one Garden Hill (S,C and N) and with only limited time to gen up. It doesn't look like any wells have been drilled on GHC or GHN so far. Hence the only resource that has been shown by the drill bit so far is the 8.6mmboe at GHS. Roughly 2bbls of oil to 1bbl (equivalent) of gas. Compare that with MTA's estimated 65mmbbls of oil estimated in SOKO as shown by A-12. Mkt Cap of MTA 3 times that of ENEG.

I am in @16p this week very undervalued imo.

I sold them at 16.31p on Friday, guess difference of opinion, mm's were offering
stock at mid price afterwards, guess they found a seller, good trading stock if you can time it right, buyback in if it goes below 13p again.

Taken from another BB today:

...have a read of summary taken from iii bb courtesy of Ticker2000 & Dicko

"Summary for those of thinking of investing or just invested.

The weekend is along time to worry about this if you have bought in on a tip or unresearched speculation. I hope this helps.

1. The price was at 100p plus (peak 202p) and rising during the middle of one of the worst stock market crashes in our life time.
2. The reason being they have proven reserves of the finest crude oil.
3. Located in a politically stable and business friendly country- Canada.
4. They were sensible enough to realise that with the falling price of oil and the problems that they were encountering that there are options to insolvency. They closed the well and waited with the knowledge that the reserves/prospects could be revisited as the market improved.
5. They have not wasted this time. They have improved their technology, they have increased there funding without too much dillution and worked out better methods of retreiving their very valuable resource.
6. Their share placement was snapped up showing long term faith in the company.
7. A venture capitalist bought around 10% of the company soon after the placement at between 6.5-7.5p lending support to this price. This was pre the recommencement of operations.
8. When the economic climate had improved along with the price of oil (which is destined to move much higher) with new funding they have decided to recommence their extraction of their proven reserves. Utilising an increased understanding of the well and new technology with the blessing of their investors and no doubt the Canadian government.
9. They want to recommence "IN THE NEXT FEW WEEKS" - refer to RNS. ie. good news flow.
10. They will generate revenue from this and use to harness other prospects - from the MD's mouth. We are likely to hear flow rates and api's over the coming weeks (not months) as well - likley to be better with new farm in partner which is working for free and will ONLY be renummerated once the oil is turned into revenue. Great ensentive to get things moving very quickly.
11. List of prospects posted by me or available on company website. The two other main ones Garden Hill North and Garden Hill Cenral have the seimics carried out and I suspect will be tackled quite soon. More news.
12. The prospects are surrounded by production and shipping facilities specialising in oil - refer to website. ie. once it out of the ground it is easy to turn into revenue.
13. There is a serious shortage of shares in the public hands - at least 11m out of 20m were traded today(last Friday - around another 13m since). One poster that sold out thought the lack of share was an issue. I spend my life hunting for good share prospects with limited shares in the pubilc domain. I hope that they do not regret their decision Monday morning. Share shortage/high demand = laws of economics = price goes up no matter what the mms's do.
14. There must of been around 600 -800 transactions over the last two days and a handful of sales. Out of these tranactions there will have been around 200-300 yesterday who have all sat on around 40%/50% profit today and not sold. They have waited for the well to be opened up again and have bought into the share as a recovery play. Well done.
15. Any of you that have l2 will know how few sales there were today. In comparison to the amount of purchases the sales were a drop in the ocean. Demonstrating that this rise was based on fundmentals and what will happen in one month, three months, 1 year... not tomorrow. Those of you that are now worried and dont have l2 get it as it will give you so much more knowlege. Those of you that bought on the fundamentals of the company dont need as you know that it very good recovery play with good very good propects.
15. The MD is approachable, ambitious and is the MAJOR shareholder.
16. The farm in partner is likely to be local the area and will have intimate knowledge of the terrain, environment, and climate. They will also have the contact and facilities to turn the oil into revenue quickly.
17. Fox Davis is likley to resume coverage very soon which will add impetus.
18. Most Pi's that have invested over the last week have very high price targes around 1 before they may top slice. This further reduces the tradable shares.
19. Massive press coverage.
20. We are only recovering. When we get back to a 1 I would think we would have more news about the other prospects.
21. Comprehensive email sent to Minty - great name for a man that going to make money for us. Will post again shortly. Awaiting reply.

Addition From Dicko -

ticker I'd add this to the bottom of the summary to, please bear in mind its only for GHS well...

"The Company commissioned two external reports and one internal report on the horizontal sidetrack which forecast that the well should produce between 2,000 and 2,500 barrels/day plus associated gas for the first year. Taking into account these levels of production and long term price estimates, Enegi expects to be self-financing. "

2000 bopd x $70 = $140,000 renvenue per day

$140,000 x 365 = $51, 100, 000 (32,138,364 PER YEAR)

or

2500 x $70 = $175,000 per day

$175, 000 x 365 = $63,875,000 (40,172,955 PER YEAR )

currently market capital 10million.


Addition From Mr Reliable:

Ticker2000 The stated intention of the company was to get the flow rate improved. Your comment: "The partner would not be stumping up more thatn $2.5m on hide to nothing". This is one of the reasons i bought in. Obviously the oil price trend upwards which makes this all ecomomically viable. Finally their partner would not have bought in unless they checked the following criteria:

The depth of the oil below the surface
The nature of the rock structure that contains the oil
The rate at which the oil will flow out of the ground
How close the oil source is to the proposed end
users or consumers
The attitude of the government that has granted the
initial exploration licence

---

I am sure there are more positives that I know and that I do not know.

I know that I am in gem here and look forward to coming weeks. Over the next 3-8 weeks I would like to see the price in the 30's. If the news flow is sound which it looks like it will be and the flow rates are improved upon which is highly likely considering the partner dimension then I think we could be in the 50-60p range. After that we will be dependent on the new prospects and the oils price.

Remember that this company pre this announcement was priced for potential insolvency. There is only upside now. This is still at the very lowest levels of a recovery play. Back to where it was with a year 100p. I am with Dicko on this one.

You sell with a share like this the mm's win and you lose out."

ENEGI's unnamed farm-in partner !?! http://www.canadianimperial.net/index-3.html

Shoal Point Area Profile

Interest:CIVIC Interest 22.5%

Location: offshore Port-au-Port Bay, Western Newfoundland

Water depth:15 meters, target can be drilled from onshore
Size: Exploration Lease 247,161
Structure: 2D/3D defined structure. Pool size between 5,183-35,628 acres
Reservoir depth: 2,600 meters.
Analog: 1995 discovery at Garden Hill
Reservoir Depth: 2,500 meters.

Target Horizons: The Aguathuna Formation. Dolomitation and fracturing are key to this reservoir development. A volatile oil reservoir with recover factor between 20%-40%. Also, the Shales similar to the Utica shale play in Quebec.
Estimated potential reserves: 55-661 million boe (unrisked).
Work Program: Drilled the 2K-39-Z well. Well cost $15,000,000 CDN.

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.

Sep 10, 2009 4:47:00 PM

..... CIVC is now involved in two areas of Western Newfoundland - Shoal Point and Parson's Pond.

The areas of Shoal Point and Parson's Pond have had intermittent production between 1895 and 1925 with cumulative production of around 10,000 barrels of oil. The proposed Nalcor program would be the first program designed to test the deeper and larger prospects in the Cambrian Ordovician Carbonate Platform in the Parson's Pond area and according to an independent assessment, the Nalcor properties have the potential to contain an aggregate of 284 MMBbl of oil-in-place.

CIVC is currently working with its partners to design an exploration program that will test the Green Point Shale formation on EL1070 at Shoal Point. An independent assessment of the Green Point Shale potential on EL1070 states that the property could contain 1 to 2 billion barrels of oil-in-place.

Everyone - another roaring day for this stock, but the dangers of this stock remain, not least the minute EMS (currently just 5,000) ...... absolutely make hay while the sun shines, but have a sensible exit strategy so that it does not all turn into a nasty soggy mush

The words doh and bolx spring to mind, i just cant believe a load of bb ramping on other sites can make these type of shares do what this has done today...unreal !

as i said last week can only buy 600 quid worth.....and at high margins.....similar when selling........ok coulud make 400 quid or so but hardly life changing

marni .... this is terrible .... you and i agreeing, though for marginally diff reasons .... in fact, if you got the timing wrong, you could even have lost a (relatively) significant amount this morning

i never bought as i wanted much more shares and hated the margins offered

What soggy mush its consolidating around 24pl evel before the next bout of interest.

If this is half as good as GKP it should be 30p by now.

Its way too early for that mitz.

Good to see the sp rise from 20 back to 24,lets see what this week brings.

Range bound before the next move.

lets hope so MITZ!

Its a buy tonight imo.

Looking better today

Bump

flow rates coming and fox davis broker note.thats why they swapped Enegi does swap deal for new licence


Enegi Oil Plc (AIM: ENEG) today said it had gained a 100 per cent interest in a new exploration prospect in Newfoundland.

The Manchester-based company said its Canadian subsidiary PDIP had obtained the interest in the St George's Group by swapping a shale oil play with Shoal Point Energy and Canadian Imperial Venture Corp.

The newly acquired prospect, covering shale and conventional structural plays in Port au Port Bay and the Gulf of St. Lawrence, is about 40km from Garden Hill South, where Enegi has just restarted work on its most promising well.

Enegi said there had been considerable debate on the relative merits of the two plays with no clear preference acceptable to all parties emerging. The swap would allow each party to pursue the play of their choice, it added

Alan Minty, Enegi's chief executive, said: "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."

Interesting swap announced by Enegi Oil (ENEG) whereby they've taken control of 100% of the traditional play on their St George licence & their former partners have split 100% of the underlying shale play between themselves,

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...............

.............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. .....

......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......

......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."

Enegi Garden Hill South Well Flows

04 November 2009

Enegi Oil Plc announces that operations have now re-commenced at the PaP#1-ST#3 well at Garden Hill South, in Newfoundland, Canada..

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 wells 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.

broker note 145p

Enegi Garden Hill South well flows

Published Nov 5, 2009
E-mail Print

Enegi Oil provides update on Garden Hill South activities

Enegi Oil says that operations have now re-commenced at the PaP#1-ST#3 well at Garden Hill South, in Newfoundland, Canada..

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.

Alan Minty, CEO of Enegi Oil said, 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 wells 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.

Tags: Enegi Oil

Where I havent seen it.

10/12/2009 13:22:24 14.90 10,247 O 1,526.80
10/12/2009 13:21:12 15.00 52,305 O 7,845.75

3V1 SELL SIDE EMPTY peeps will take over

From Advfn.....

This is not hitch this time there was confirmation from canada oil is flowing to refinery and tej confirmed that as well looks like they solved the problem 1000 barrel a day or over would be excellent.preveious valuation by fox davies based on 2000 barrel put the company 197 pence per share less dillution of 36 million share so we are looking major upside here

I don't think so. You getting desperate? Need money for Xmas?

Highly unlikely in these conditions to get anywhere near 19.7p let alone 197p!!

lol

http://www.fox-davies.com/media/15480/fdcenegioilnovember32008.pdf

I've never seen so many name changes in such a short time..... newsflash, oill what ever!

http://www.wnloilandgas.com/2008/presentations/KellyBatten.pdf

http://docs.google.com/viewer?a=v&q=cache:KJs7oVpYl4gJ:www.proactiveinvestors.co.uk/genera/files/companies/enegi_oil2_presentation_251108_compatibility_mode.pdf+pdip/garden+hill+south&hl=en&gl=uk&pid=bl&srcid=ADGEESgmeUMxMcNm82SNzfcjyMmZei6DXU7hVMunJLR5NAaHeI6pMziG10rZY155iiwNkPSw0XqGFfyp1mXWr3SBqId6UNJLR-MyPnDVf64VNeXpiC7UHaeIrxMouzv0y8ViSi53PxiN&sig=AHIEtbSgJG0WmO6la4C9JAd76OAA7EZbHQ

http://209.85.229.132/search?q=cache:qF6k4Y1Hq2IJ:www.cnlopb.nl.ca/pdfs/pdippp3d/pdiprojd.pdf+pdip/garden+hill+south&cd=10&hl=en&ct=clnk&gl=uk&client=firefox-a

Garden Hill South (GHS) is an onshore prospect, covered by Petroleum Lease #2002-01, that was \'discovered\' by Hunt Oil in 1995, when the Port au Port #1 (PAP#1) well produced over 2,000 barrels per day. Two side-tracks were drilled from PAP#1, the second of which (ST#2) produced oil at the rate of 200 barrels per day during drill stem tests. Production tests from GHS, prior to re-entry in January 2007, produced over 22,000 barrels of oil. The oil that has been produced from GHS is very high quality (51 API) and will be able to generate premium prices on the oil markets. GHS covers an area of approximately 11 km2.

In January 2007, PDIP re-entered the PAP#1 ST#2 well. Upon re-entry, a series of tests, including a pressure build-up test, were performed to analyse the GHS reservoir in preparation for production. Analyses by independent consultants of the pressure build-up data indicated a minimum connect volume of between 4.5MMstb (4.5 million stock tank barrels) and 7MMstb (7 million stock tank barrels).

Following the pressure build-up test, the well was flowed to gather production data. After stable production of approximately 300 bpd the well flow became erratic. PDIP and its partners decided to shut the well in until a remediation plan could be prepared. A total of approximately 4,315 bbl of oil and 429,000 m3 of gas was produced after re-entry, before the well was temporarily suspended.

A rig is currently being constructed at site to drill a new sidetrack from the PAP#1 well.

The table below is a summary of PDIPs contingent resources at Garden Hill South.

Contingent Resources Summary
PDIP Net (100%)
Prospect / Lead P90 P50 P10 Mean.
GHS onshore Oil in MMbo 2.0 5.1 12.8 6.5
GHS onshore Gas in Bcf 3.7 9.7 24.5 12.4

Nice chart..

bottom fishing ?

One of the top 5 best performers today.

blimey has your day finished already...... on that basis it might be....lol

Yep 10 mins and I'm off down the pub for 5 or 6 hours.. lol.

News
Drilling To Commence At Parsons Pond, Western Newfoundland
January 28, 2010

Vulcan Minerals Inc. (the Company TSX-V: VUL) is pleased to announce that it will participate in the first deep test ever drilled in the Parsons Pond oil play in western Newfoundland. The Seamus well will be the first of a three well program. The Parsons Pond area has a long and storied history of oil exploration dating back to its first exploration well in 1867. The area attracted the attention of explorers from the very early days of the industry because of oil seeps observed at several surface locations and in community water wells. Since that first well in 1867, approximately thirty shallow wells have been drilled in several cycles of activity. Small scale commercial oil production was achieved for a few years in the early 1900s, but was not sustained because of limited financial backing and isolation from major markets. What all of these historic wells had in common was that they were quite shallow (typically 300 - 700 metres) and they were drilled without the benefit of seismic data. The first seismic lines in the area were acquired in the mid 1990s. They revealed that the old wells had tested highly deformed sediments in the shallow section where any reservoirs would tend to be breached. The seismic data also showed that large intact structures were present at much deeper levels within the Cambrian-Ordovician carbonate platform. These platform rocks are the same rocks that have delivered large oil and gas discoveries throughout the Appalachian trend that extends from offshore Labrador to Texas.

The Seamus well has a projected depth of approximately 3000 metres and will test a seismically defined target within the carbonate platform. One of the zones to be tested has been faulted and uplifted to the surface at Port au Choix , 85 km north of the Seamus well, and shows the evidence of a large exhumed oilfield, (extensive oil staining in outcrop up to 80 sq. km. in gross area). This proves that the platform rocks have been charged by oil in this area and large fields may remain where the rocks lie intact within the subsurface.

The Seamus well is the first of a three well program operated by Nalcor Energy Oil and Gas. Vulcan holds a 10% working interest in permit 03-103 on which the Seamus well will be drilled. Vulcan has modified its drilling arrangements with Stoneham Drilling to facilitate the move of Stoneham Rig #11 to the Parsons Pond project. Stoneham Rig #11 is a triple rig rated to 4500 metres which was mobilized to western Newfoundland by Vulcan and joint venture partner, Investcan Energy Corp to drill in the Bay St. George Basin in 2009. The rig is currently being moved to the Seamus site and drilling is expected to begin prior to February 12, 2010.

Patrick Laracy, Vulcans president, said Vulcan has positioned itself to have significant exposure to the different western Newfoundland petroleum plays. Our recent gas discovery in the Carboniferous Bay St. George basin is a threshold accomplishment for that play. On the heels of that success we are now getting to test an entirely different petroleum system at Parsons Pond. The carbonate platform rocks at Parsons Pond are part of a geological system that is productive in several American basins to the south and hosts two large gas discoveries offshore Labrador. A commercial discovery in any of the three upcoming wells will underscore the emergence of western Newfoundland as a petroleum district.

The Company also advises that the terms of exploration permits 03-101 and 03-102 at Parsons Pond, due to expire on February 12, 2010, have been extended for a period of one year by the Department of Natural Resources, Government of Newfoundland and Labrador.

Vulcan is a diversified junior exploration company focused on petroleum exploration in the under-explored western Newfoundland and Labrador areas and also holds mineral interests in areas strategic to its operations in Newfoundland and Labrador. This includes an approximate 19% shareholding in NWest Energy Inc. which owns 1.5 million acres of the offshore Carbonate platform play immediately adjacent to Vulcans onshore Parsons Pond project. www.vulcanminerals.ca/projects/

NEWFOUNDLAND BUSINESS POST/headline and page 3 http://66.102.9.132/search?q=cache:i4spsoIKfO4J:www.vulcanminerals.ca/media/uploads/top_50.pdf+enegi+oil/parsons+pond&cd=12&hl=en&ct=clnk Game changerForNewfoundlandsfledgling onshore oil andgas industry, the flame thatlit the darkness at Red Brooklast week could be a gamechanger. For while the sizeof the natural gas depositthat fuelled the flame has yetto be determined, theamount of attention that Vul-can Minerals discovery willbring to the region could bethe door breaker that propelsthe industry from hardscrab-ble exploration to more in-ternational investor interestand eventually production.Like I always said, itsonly a matter of time, saidPatrick Laracy, the presidentof Vulcan Minerals and per-haps the most respectedplayer in Newfoundlandswest coast oil and gas patch.And I think this is just thestart of more to come.During three flow testslast week, the pressure ofnatural gas rising from thedrill hole lit the sky withVulcans natural gas discovery at RedBrook adds fuel to hopes for a WesternNewfoundland oil and gas industryBY CRAIG WESTCOTTTHE BUSINESS POSTSee Every, page 3

Bought in this morning for a speculative punt....let's see how ...sorry, if... it goes !

Dont believe all the hype ..!!

You mean dont believe all the spamming that one person can do on one stock !

It's quite incredible though what one person, the great serial spamming multiple bulletin board pump and dumper william can do in one day under all those names
such as theresearcher and buystock on moneyam, advfn, LSE, sharecrazy, iii, the
guy must be a mental wreck posting over 500 times a day :-))

I always thought the authorities would have caught up with him now with his
made up rumours for pump and dumps ?

He is the King of ramps..!

Holding its own despite of the incessant buystock bulshit.

Moving ahead for the last 3 days and no sign of Bulstock or whatever he is called.

Yes, it's looking a bit more encouraging at last...

Mitzy..what are your views on ENEG ? and doe you know any timescales for announcemnts? -thanks

looks like a rodney stock to me

Waiting for a pump to be installed and they are going to fracc the well this will take time but a daily rate of 500/900 could be the result we should know by May if it is feasable.

It's all looking good! imho

Well done everyone.

Top riser.

Aint no stopping this now.

ain't no stopping this going back down by the looks of it!....

lol...volatile is an understatement.

Gaining all the time 30p today..?

I guess cynic is short again..lol.

don't actually touch this one ..... cap is tiny and spread is silly .... would rather have my money in XEL (or be short of CHAR!)

Buy.. buy.. buy..

you said that about CHAR too, but it took me to short it heavily to get it on the move

What is a rodney stock..?

for fools and horses .... what else did you think?

Does it apply to this one..?

possibly ... as i have often stated, there appears to be no logic other than lemming-greed to the continued strength of this stock

I'm glad I bought at 10p .

i'm glad i was not remotely tempted .... bank your profit mitz

No way.

that may not be too bright

I'm holding for xmas ..

so's the turkey

Don't expect a big xmas pressy from mitzy this year then.....

lol..

Buy..buy..buy..

Buy buy ..buy.

Must be the stimulation thats got you and ENEG going Mitz.

Development of PL2002-01

As anticipated the development of PL2002-01 will commence with the workover of the PAP#1 well. The original farm-out agreement has been amended to provide DLMC with a 40% interest in the well after completion of the workover as part of the overall regional development plan. DLMC has issued a Work Programme for the PaP#1 well in Garden Hill South ("GHS") and has informed the Company that operations onsite have now commenced, even though there has been a delay to the original schedule. DLMC's current plan is to re-enter the well on or before the 30th August 2010 to stimulate the well.

how many bopd is this well likely to produce?

on the level of hawk wouldn't be surprised..,.

bb you mean a whole bucketful once in a while!

Hope 750 bop maybe 1000.

that should just about pay for your christmas turkey!

This turkey is looking very tasty.

It's a CRACKER!!

lol.

Chance of 30p here .

Nice move today.

FREE events - See your company in Manchester and Dublin soon!

Register here - http://www.proactiveinvestors.co.uk/register/event_details/115


The directors of ZincOx Resources (AIM: ZOX), Enegi Oil (AIM: ENEG), Biome Technologies (AIM: BIOM) and Nostra Terra Oil & Gas (AIM: NTOG) will be presenting: Wednesday the 29th June 2011,
Lowry Hotel, 50 Dearmans Place, Chapel Wharf, Manchester, M3 5LH - (Rooms 2/3/4)


The directors of Enegi Oil (AIM: ENEG), Lansdowne Oil & Gas (AIM: LOGP), Rathdowney Resources (TSX-V: RTH) and Nostra Terra Oil & Gas (AIM: NTOG) will be presenting: Thursday the 30th June 2011,
The Shelbourne Hotel, 27 St Stephen's Green, Dublin, 2 Ireland (Adams Suite)

REMINDER!


Come meet the CEO in Manchester and Dublin!

Full details and FREE registration - http://www.proactiveinvestors.co.uk/pages/events/

How come you get to keep the company logo in your header and mine gets removed on the IDG thread for copyright infringement!!

Very petty imho, although no big loss to them as they are pretty much obscure to most investors.

Good luck to all holders here, hopefully patience will be rewarded sooner than later.

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EL1070 Update
RNS
RNS Number : 1522V
Enegi Oil PLC
06 January 2012



ENEGI OIL PLC

AIM ticker: 'ENEG'



6 January 2012



Enegi Oil Plc



('Enegi' or 'the Company')



EL1070 Update





Further to the announcement by Enegi, dated the 6th December 2011, the Company is pleased to note theannouncement issued by Shoal Point Energy ("SPE") on the 5th January 2012 that drilling operations have commenced on the 3K39z well, at Shoal Point, Port au Port Bay, Newfoundland.

According to the announcement, the borehole has been drilled to a measured depth of 1,745 metres and encountered liquid hydrocarbon shows over the entire gross section of the well below approximately 700 metres. Further operations and a number of tests are planned, with the programme expected to take between nine and twelve weeks to complete, depending on the final number of cased-hole tests conducted.



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



"We are encouraged by the drilling results announced by SPE and in particular the presence of liquid hydrocarbon shows. We believe that the work currently being conducted on EL1070 by our partners provides value to our interests in terms of asset prospectivity and the licence security to implement our plans. We look forward to further announcements over the coming weeks."

Enegi Oil encouraged by Shoal Point drilling results
StockMarketWire.com
Enegi Oil is encouraged by drilling results revealed by Shoal Point Energy on the 3K39z well, at Shoal Point in Newfoundland.

Enegi Oil says that according to the announcement, the borehole has been drilled to a measured depth of 1,745 metres and encountered liquid hydrocarbon shows over the entire gross section of the well below approximately 700 metres.

Further operations and a number of tests are planned, with the programme expected to take between nine and 12 weeks to complete, depending on the final number of cased-hole tests conducted. Enegi Oil chief executive Alan Minty said: "We are encouraged by the drilling results announced by SPE and in particular the presence of liquid hydrocarbon shows.

"We believe that the work currently being conducted on EL1070 by our partners provides value to our interests in terms of asset prospectivity and the licence security to implement our plans.

"We look forward to further announcements over the coming weeks."

At 2:23pm: (LON:ENEG) share price was +4.01p at 13.88p

http://www.moneyam.com/action/news/showArticle?id=4290060