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29 Dec 2011 15:37
ENEGI OIL PLC
Trading symbols:
London Stock Exchange: ENEG
29 December 2011
Enegi Oil Plc
('Enegi' or 'the Company')
Director Dealing
The Company was today informed that Obsideo LLP, which is part of the RMRI group of companies ("RMRI Companies") controlled by Alan Minty, Chairman and Chief Executive Officer of Enegi, has today sold 2,750,000 ordinary shares in the Company at an average price of £0.10p in an Over The Counter ("OTC") transaction.
Alan Minty has not sold any of his own shareholding and his interest in the Company in his own right and through related parties following this transaction is as follows:
Alan Minty 6,808,911 shares
RMRI Companies 3,711,377 shares
Alan Minty's interest in Enegi therefore totals 10,520,288 shares, representing 10.69 per cent of the Company's issued share capital.
Enegi Oil Tel: + 44 161 817 7460
Alan Minty, CEO
David Parry, Director Tel: + 1 604 568 0733
Cenkos Securities Tel: + 44 207 397 8900
Jon Fitzpatrick
Neil McDonald
College Hill Tel: + 44 207 457 2020
Nick Elwes
www.enegioil.com
The Company
Enegi Oil Plc is an independent oil and gas company. Current operations are focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada and the Clare Basin in County Clare, Ireland. 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 Clare Basin is located in western Ireland and initial technical studies show that it has the potential to contain shale gas.
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