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.

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