19th Feb 2015 14:02
ENEGI OIL PLC
AIM ticker: 'ENEG'
OTC ticker: 'EOLPF'
19 February 2015
Enegi Oil Plc
("Enegi" or "the Company")
Results of Annual General Meeting
The Company is pleased to announce that at its Annual General Meeting held in Manchester earlier today all the proposed resolutions were approved by shareholders.
Enegi Oil | Tel: + 44 161 817 7460 |
Alan Minty, CEO | |
Nick Elwes, Director of Communications | |
Cenkos Securities plc | |
Neil McDonald | Tel: + 44 131 220 9771 |
Derrick Lee | Tel: + 44 131 220 6939 |
www.enegioil.com
Facebook (Enegi Oil PLC)
Twitter (@enegioil)
Enegi Oil Plc is an independent oil and gas company whose strategy is to build a diverse portfolio of assets with a strong emphasis on acquiring interests in marginal fields. These marginal fields are low risk highly-appraised projects and consequently the Company's entry cost will be low. Enegi will look to develop these assets utilising ABTechnology's buoyant solutions, which are appropriate and change the development economics of a project. This is also expected to enable the early booking of reserves. The Company's current portfolio is made up of operations focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada, the UK North Sea and Jordan. 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 Company's licences in the UK North Sea have discovered hydrocarbons on them and have been selected based on buoy technology operating criteria. The Company has also entered into the highly prospective Dead Sea and Wadi Araba Block in Jordan with its partner Korea Global Energy Corporation.
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