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24 Jul 2014 07:00
ENEGI OIL PLC
AIM ticker: 'ENEG'
OTC ticker: 'EOLPF'
24 July 2014
Enegi Oil Plc
('Enegi' or 'the Company')
Director Dealing
The Company has been informed that Dominic Minty has purchased 2,781,377 ordinary shares in the Company from RMRI Plc, which is part of the RMRI group of companies ("RMRI Companies") controlled by Alan Minty, Chairman and Chief Executive Officer of Enegi, on 22 July 2014. The purchase has been made at an average price of 5.5p per share and has been undertaken in an Over the Counter Transaction ("OTC").
Alan Minty has not changed 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 7,608,911 shares
RMRI Companies 0 shares
Alan Minty's interest in Enegi therefore totals 7,608,911 shares, representing 4.13 per cent of the Company's issued share capital.
Enegi Oil | Tel: + 44 161 817 7460 |
Alan Minty, CEO | |
Nick Elwes, Director of Communications | |
| |
Cenkos Securities | |
Neil McDonald | Tel: + 44 131 220 9771 |
Derrick Lee | Tel: + 44 131 220 6939 |
Shore Capital | Tel: + 44 207 408 4090 |
Jerry Keen | |
Patrick Castle | |
Instinctif Partners | Tel: + 44 207 457 2020 |
Catherine Wickman | |
David Simonson |
www.enegioil.com
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Twitter (@enegioil)
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.
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