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.

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.