Licensing Option in Ireland

ENEGI OIL PLC

Trading symbols:

London Stock Exchange: ENEG

14 February 2011

Enegi Oil Plc

('Enegi' or 'the Company')

Onshore Petroleum Licensing Option in Ireland

Enegi is pleased to announce that it has been offered a 100% interest in an Onshore Petroleum Licensing Option to undertake a work programme on areas of interest within the Clare Basin ("the Option"). The Clare Basin is located onshore western Ireland and is within the same fault system trend as the prospects and discovery in the Company's Newfoundland regional play. The Option covers an area of approximately 495 sq. kilometres.

Based on technical studies that have been carried out, the Company believes that the Clare Basin has the potential to contain shale gas. Well log analysis indicates the presence of a hot shale area, within the Clare Shale, that appears favourable for shale gas generation.

Following completion of the work programme, the Option enables the Company to apply for Exploration Licenses over all or part of the areas of interest. Exploration Licenses are required before drilling activities can occur and the Company intends to apply for the relevant Exploration Licenses should the work programme identify prospective targets. The work programme is expected to cost up to £500,000, and must be performed within a two year time frame.

Alan Minty, CEO of Enegi Oil, commented:

"As previously announced Enegi has adopted a strategy of reducing risk concentration. The award of this option demonstrates the commitment of the Company to build a portfolio of assets where real value can be created whilst minimising the financial risk of the Company."

Enquiries

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

Qualified Persons

The information in this release has been reviewed by Barath Rajgopaul MSc (Mech. Eng.) C. Eng, a director of Enegi. Mr. Rajgopaul has over 29 years experience in the petroleum industry.

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.