GHS Operational Update

ENEGI OIL PLC

AIM ticker: 'ENEG'

15th November 2011

Enegi Oil Plc

('Enegi' or 'the Company')

GHS Operational Update

Further to the release dated 12 September 2011, the Company is pleased to announce that details of the next stage of the workover programme have been finalised. One of the final elements was the appointment of a service provider with the appropriate experience and expertise to implement the proposed programme. The Company is pleased to announce that Schlumberger has been appointed to undertake the programme.

The work programme was formally submitted to the Newfoundland and Labrador Department of Natural Resources ('DNR') on 10th November 2011 for approval. The programme submitted to the DNR which targets the Upper Aguathuna, describes the activities that will be undertaken during the workover as well as the testing activities that will take place to maximise the quality of data obtained.

Enegi anticipates that the programme will be approved in the coming days, following which Schlumberger will mobilise the required equipment and personnel to site. Accordingly, site preparation and acquisition of materials has already commenced. Further announcements will follow as the programme is implemented.

Alan Minty, CEO of Enegi Oil plc, commented:

"The delays have been frustrating, but necessary in order to ensure that the most appropriate work programme has been devised. We are delighted to have secured a provider of the calibre and expertise of Schlumberger to the project and believe that we now have all the necessary building blocks in place to successfully carry out the next stage of the workover, whose objective is to move to sustainable production."

Enegi Oil Tel: + 44 161 817 7460

Alan Minty, CEO

David Parry, Director Tel: + 1 604 889 2188

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.