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