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.

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 ..!!