Issue of Equity

ENEGI OIL PLC

AIM ticker: 'ENEG'

30 June 2011

Enegi Oil Plc

('Enegi' or 'the Company')

Issue of Equity

Further to the announcement by the Company on 27th June 2011 on the successful completion of the "Flow Through" funding, the Company has received a number of late subscriptions to this Placing amounting to C$83,750 (at current exchange rates, this is approximately £54,000). This has been effected through a further placing ("the Placing") of 335,000 new ordinary shares ("New Shares") at a price 16 pence per share ("Placing Price"), together with a corresponding one half purchase warrant per New Share. Each full purchase warrant will allow the subscriber to purchase one additional new ordinary share in the Company at an exercise price of 30 pence per new share, for a period of 18 months from 24thJune 2011 (the "Warrant").

An application for admission of the New Shares has been made to AIM and admission is expected to occur at 8.00 a.m. on 6 July 2011 ("Admission"). Following Admission, the Company's total issued share capital will be 97,535,993 shares.

In conformity with the FSA's Disclosure and Transparency Rules, as of 6 July 2011, the Company's issued share capital will consist 97,535,993 ordinary shares of 1 pence each with voting rights. Enegi does not currently hold shares in Treasury. Therefore, the total number of voting rights in Enegi as of 6 July will be 97,535,993. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the ordinary shares of Northern under the FSA's Disclosure and Transparency Rules.

Enquiries:

Enegi Oil Tel: + 44 161 817 7460

Alan Minty, CEO

Cenkos Securities Tel: + 44 207 397 8900

Jon Fitzpatrick

Beth McKiernan

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.