25th Aug 2009 12:04
ENEGI OIL PLC
Trading symbols:
London Stock Exchange: ENEG
Bourse de Luxembourg: GB00B29T9605
25 August 2009
Enegi Oil Plc
('Enegi' or 'the Company')
Statement re Share Price Movement
Enegi, the Newfoundland focused oil and gas company, notes the recent rise in its share price and confirms that it is in advanced stages of a fundraising. The placing price of any fundraising would be at 5 pence per share.
A further announcement will be made in due course.
Enegi Oil Tel: + 44 161 817 7460
Alan Minty, CEO
Cenkos Securities Tel: + 44 207 397 8900
Joe Nally
Stephen Keys
Fox-Davies Capital Tel: + 44 207 936 5200
Daniel Fox-Davies
College Hill Tel: + 44 207 457 2020
Nick Elwes
Paddy Blewer
www.enegioil.com
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 and Lourdes.
Related Shares:
NUOG.L