Director Dealing

ENEGI OIL PLC

Trading symbols:

London Stock Exchange: ENEG

19 January 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 plc, has today sold 275,000 ordinary shares in the Company at an average price of 24.53p.

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 7,853,377 shares

Alan Minty's interest in Enegi therefore totals 14,662,288 shares, representing 16.7 per cent of the Company's issued share capital.

Enegi Oil Tel: + 44 161 817 7460

Alan Minty, CEO

Cenkos Securities Tel: + 44 207 397 8900

Stephen Keys

Beth McKiernan

Fox-Davies Capital Tel: + 44 207 936 5200

Philip Davies

David Porter

College Hill Tel: + 44 207 457 2020

Nick Elwes

www.enegioil.com

The Company

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.