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ENEGI OIL PLC

AIM ticker: 'ENEG'

OTC ticker: 'EOLPF'

4 June 2013

Enegi Oil Plc

('Enegi' or 'the Company')

Garden Hill Field Update

Highlights

·; PaP#1-ST-#3 well (the "Well") in the Garden Hill Field ("GHF") flowed for total of 214 hours, producing 1,731 barrels of oil, up to 17 May 2013;

·; The Company has established a new sales route that ensures it receives a premium to WTI for each barrel produced;

·; Independent specialist production enhancement consultancy has advised that sustained flow is possible from the Well with the installation of a jet pump;

·; Same specialist production enhancement consultancy have offered to farm-in to GHF and EL1116;

·; Company looking to book reserves on GHF; and

·; Working to finalise a suitable drilling programme for another well on GHF.

Enegi, the independent oil and gas Company with a portfolio of assets located in the UK North Sea, Newfoundland Canada, Ireland, and Jordan, is pleased to provide the following update on its operations in western Newfoundland and, in particular, the GHF.

As announced on 11 April 2013, a sustained production process has been established on the Well in GHF. As part of the process, which is still ongoing and has been designed and implemented to gather additional performance data, the Well has been flowed at varying rates and intervals as per the testing programme. In total, the Well has been flowed for a total of 214 hours since the sustained production process commenced in mid-March up until 17 May 2013. During this time, 3,099 barrels of fluid was produced with an average water cut of 44%, yielding 1,731 barrels of oil. As the Well continues to be flowed, and to clean up from the previous workover, there is potential that the water cut may reduce.

The Company is also pleased to announce that another sales route has been secured for its produced oil, which is currently being sold at a premium to WTI.

In addition, the Company has engaged an independent specialist production enhancement consultancy to advise on how the full potential of the Well can be unlocked. The Company is pleased to announce that, after a detailed review and visit to the GHF site by the consultants, it has been advised by the consultants that sustained flow is possible with the installation of the correct artificial lift ("AFL") solution, and that, in the short-term, the best AFL solution is the installation of a jet pump. The reservoir inflow, water cut, and gas to liquid ratio will ultimately determine how much continuous production is achievable, however these parameters are currently uncertain and will only be ascertained through continuous production.

The Company is also pleased to report that the same production enhancement consultancy has offered to farm-in to GHF and EL1116. The Company is currently assessing the proposal; however, this reinforces the Company's view of the potential of both GHF and EL1116.

The production data gathered to date continues to suggest there has been no reservoir pressure depletion and, in view of the result from the sustained production process, the Company believes it may be possible to book reserves on GHF.

Based on results from the Well to date, the Company is pleased to report that it is working to finalise a suitable drilling programme for another well in GHF and may, if appropriate and subject to securing regulatory approval, accelerate development of GHF by proceeding straight to a drilling programe. The Company would look to bring in an appropriate partner in due course with a view to implementing this programme. The original horizontal well report from Petra Physics Ltd. in May 2007 indicated that a suitably targeted well can produce at a range of 474 bopd to 5,523 bopd.

The Company will provide further updates as appropriate.

Alan Minty, CEO of Enegi Oil commented:

"We remain very encouraged by the performance of the well and the findings from the independent specialist production enhancement consultancy. We are pleased that so much interest is being shown in our acreage and will take into account all the development options available to us to ensure we deliver the best value for our shareholders."

Enquiries:

www.enegioil.com

Facebook (Enegi Oil PLC)

Twitter (@enegioil)

Qualified Persons

The information in this release has been reviewed by Barath Rajgopaul MSc (Mech. Eng.) C. Eng, a member of the Advisory Panel of Enegi. Mr. Rajgopaul has over 30 years' experience in the petroleum industry.

About Enegi

Enegi Oil Plc is an independent oil and gas company whose strategy is to create an oil and gas company with a diversified portfolio of assets across the E&P value chain. The Company's current portfolio is made up of operations focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada, the Clare Basin in County Clare, Ireland, 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 Clare Basin is located in western Ireland and initial technical studies show that it has the potential to contain shale gas. The Company's licences in the UK North Sea benefit from significant previous exploration investment, and have been selected based on buoy technology operating criteria. The Company has also entered into the highly prospective Dead Sea and Wadi Araba in Jordan with its partner Korea Global Energy Corporation.