TR-1 Notification Of Major Interest In Shares

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

ENEGI OIL Plc ORD GBP 0.01

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation:

RAPID REALISATIONS FUND LIMITED

4. Full name of shareholder(s)  (if different from 3.):

Pershing Nominees Ltd A/C MDCLT

5. Date of the transaction and date onwhich the threshold is crossed orreached:

7 December 2010

6. Date on which issuer notified:

16 December 2010

7. Threshold(s) that is/are crossed orreached:

Under 3 per cent

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B29T960

5,898,069

5,898,069

1,000,000

1,000,000

1.25%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights that may be required (if the instrument exercise/converted)

Percentage of voting rights

Nominal

Delta

Total (A+B)

Number of voting rights

Percentage of voting rights

1,000,000

1.25 per cent

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held , if applicable:

Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy holder will cease to hold voting rights:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact Name

Mike Waddington

15. Contact telephone name:

0044 161 242 8247