Statement re Share Price Movement

ENEGI OIL PLC

AIM ticker: 'ENEG'

OTC ticker: 'EOLPF'

2 October 2014

Enegi Oil Plc

("Enegi" or "the Company")

Share Price Movement

The Company notes the recent movement in its share price and confirms that it is aware of no reason for this nor of any events that have adversely impacted the previously announced status of any of the Company's business activities.

As and when the Company has resolved and completed its objectives an update will be provided.

Alan Minty, CEO of Enegi, commented:

"Despite recent trading activity I remain excited about the Company's prospects, particularly with respect to the potential of our marginal fields initiative and the commitment of myself and the team remains total."

www.enegioil.com

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About Enegi Oil

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.