10th Feb 2012 15:00
ENEGI OIL PLC
AIM ticker: 'ENEG'
OTC ticker: 'EOLPF'
10 February 2012
Enegi Oil Plc
('Enegi' or 'the Company')
Garden Hill South Operational Update
Further to the release dated 1 February 2012, Enegi is pleased to announce that Schlumberger has informed the Company that it will commence the bullhead acid squeeze over the next 2 to 3 days. The PaP#1-ST-#3 well ("the Well") will continue to be flowed until then.
The acid injection is expected to be completed within a day. Following this, taking into account results obtained from flowing the Well and the acid stimulation, the Company may proceed directly to recover treatment chemicals by bringing the Well back online or may shut-in for a soak period first.
Further updates will follow as the programme is executed.
Photographs of operations at GHS have been posted on the Company's facebook page. More will be added as the workover progresses.
Enegi Oil Tel: + 44 161 817 7460
Alan Minty, CEO
David Parry, Director Tel: + 1 604 568 0733
Cenkos Securities
Jon Fitzpatrick Tel: + 44 207 397 8900
Neil McDonald Tel: +44 131 200 9771
College Hill Tel: + 44 207 457 2020
Nick Elwes
www.enegioil.com
Facebook (Enegi Oil PLC)
Twitter (@enegioil)
Qualified Persons
The information in this release has been reviewed by Barath Rajgopaul MSc (Mech. Eng.) C. Eng, a member of the Advisory Board of Enegi. Mr. Rajgopaul has over 29 years experience in the petroleum industry.
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.
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