Director Dealing

ENEGI OIL PLC

Trading symbols:

London Stock Exchange: ENEG

29 December 2011

Enegi Oil Plc

('Enegi' or 'the Company')

Director Dealing

The Company was today informed that Obsideo LLP, which is part of the RMRI group of companies ("RMRI Companies") controlled by Alan Minty, Chairman and Chief Executive Officer of Enegi, has today sold 2,750,000 ordinary shares in the Company at an average price of £0.10p in an Over The Counter ("OTC") transaction.

Alan Minty has not sold any of his own shareholding and his interest in the Company in his own right and through related parties following this transaction is as follows:

Alan Minty 6,808,911 shares

RMRI Companies 3,711,377 shares

Alan Minty's interest in Enegi therefore totals 10,520,288 shares, representing 10.69 per cent of the Company's issued share capital.

Enegi Oil Tel: + 44 161 817 7460

Alan Minty, CEO

David Parry, Director Tel: + 1 604 568 0733

Cenkos Securities Tel: + 44 207 397 8900

Jon Fitzpatrick

Neil McDonald

College Hill Tel: + 44 207 457 2020

Nick Elwes

www.enegioil.com

The Company

Enegi Oil Plc is an independent oil and gas company. Current operations are focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada and the Clare Basin in County Clare, Ireland. The Port au Port Peninsula is located in western Newfoundland, which, although lightly explored, is in an active petroleum system with

light oil having been discovered on a number of occasions. The Clare Basin is located in western Ireland and initial technical studies show that it has the potential to contain shale gas.