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15 Feb 2012 08:24
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ENEGI OIL PLC
AIM ticker: 'ENEG'
OTC ticker: 'EOLPF'
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15 February 2012
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Enegi Oil Plc
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('Enegi' or 'the Company')
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Garden Hill South Operational Update
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Further to the release dated 10 February 2012, Enegi is pleased to announce that Schlumberger has successfully completed the acid injection.
The operation went as planned, under very harsh conditions, and approximately 80,000 litres of fluid were used. The significant quantity of fluid used in relation to the wellbore volume indicates the acid has successfully penetrated the surrounding reservoir.
Photographs of the work and conditions are available on the Company's website (www.enegioil.com).
Further updates will follow as the programme is executed.
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Enegi Oil Tel: + 44 161 817 7460
Alan Minty, CEO
David Parry, Director Tel: + 1 604 568 0733
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Cenkos Securities
Jon Fitzpatrick Tel: + 44 207 397 8900
Neil McDonald Tel: +44 131 200 9771
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College Hill Tel: + 44 207 457 2020
Nick Elwes
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www.enegioil.com
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Qualified Persons
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The information in this release has been reviewed by Barath Rajgopaul MSc (Mech. Eng.) C. Eng, a member of the Advisory Board of Enegi. Mr. Rajgopaul has over 29 years experience in the petroleum industry.
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The Company
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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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