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GHS Operational Update

12 Jan 2012 07:00

RNS Number : 4133V
Enegi Oil PLC
12 January 2012
 



 

ENEGI OIL PLC

AIM ticker: 'ENEG'

OTC ticker: 'EOLPF'

 

12 January 2012

 

Enegi Oil Plc

('Enegi' or 'the Company')

 

Garden Hill South Operational Update

 

 

Further to the release dated the 4 January 2012, Enegi is pleased to announce that Schlumberger has mobilised equipment and personnel to the Garden Hill South ('GHS') property and the next stage of the workover has now commenced with flow tests being conducted and chemically conditioned crude being pumped down the PaP#1-ST#3 well.

Photographs of operations at GHS have been posted on the Company website at www.enegioil.com/operations/image-bank. More will be added as the workover progresses.

As well as facilitating preparation for commercial production, the workover is expected to provide further data that will enable the Company to complete the Development Plan for GHS with the objective being to significantly enhance the ultimate recovery of hydrocarbons from the reservoir.

As outlined in the Company's announcement on 21 December 2011 the workover is expected to consist of a number of tasks, including:

·; Establishing safe injection rates and pressures, by conducting flow tests and by pumping chemically conditioned crude oil down the well;

·; A bullhead acid squeeze on the target formation;

·; Shutting-in the well for a soak period;

·; Flowing the well to recover treatment chemicals;

·; Shutting-in the well until reservoir pressure recovers;

·; Flow testing at low rates for a 30 to 35 day period to evaluate reservoir inflow and recharge rates above bubble point;

·; Shutting-in the well for an extended build up evaluation test.

Updates on the progress of the workover and testing will follow as the programme continues to be implemented.

 

 

Corporate Communications

Enegi is pleased to announce that Chris McGillivray will be working with the Company's corporate communications team. Mr. McGillivray (chris.mcgillivray@enegioil.com) has worked in the financial services industry on the banking side for the past 12 years, with TD Commercial Banking and Canadian Imperial Bank of Commerce Business Banking. As part of our improving corporate communication objectives please see facebook (Enegi Oil PLC) and twitter (@enegioil) links at our website home page www.enegioil.com. The Company will also be updating the photos of operation on a regular basis on the Company website.

 

Alan Minty, CEO of Enegi Oil Plc., commenting on operations:

 

"We are delighted that the next stage of the workover has now commenced. The workover represents a significant step as we work towards establishing full field development programmes for GHS and our other Canadian assets. We believe this program will contribute to the demonstration of commerciality of the GHS discovery, which Hunt Oil in 1995 initially flowed at rates of up to 1,742 bopd and 1,528 bopd from two separate intervals. These are exciting times for the Company as we embark on and benefit from activity on our assets."

 

 

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

 

Qualified Persons

 

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.

 

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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDFLFFLFFBBBE
Date   Source Headline
22nd Dec 20097:09 amRNSOption with CIVC exercised
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15th Dec 20097:00 amRNSCorporate Update & Placing
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20th Nov 20097:00 amRNSInterest Swap
16th Nov 20093:06 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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30th Oct 20093:34 pmRNSHolding(s) in Company
23rd Oct 20091:32 pmRNSHolding(s) in Company
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16th Oct 20091:01 pmRNSHolding(s) in Company
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13th Oct 200910:39 amRNSHolding(s) in Company
12th Oct 20094:36 pmRNSDirector/PDMR Shareholding
9th Oct 20093:10 pmRNSHolding(s) in Company
1st Oct 20097:00 amRNSResumption of Operations
18th Sep 200912:11 pmRNSHolding(s) in Company
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18th Sep 20098:59 amRNSHolding(s) in Company
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16th Sep 200912:41 pmRNSTotal Voting Rights
15th Sep 20092:36 pmRNSResult of General Meeting
28th Aug 20097:00 amRNSPlacing
25th Aug 200912:04 pmRNSStmnt re Share Price Movement
17th Jul 20097:00 amRNSOperational & Corporate Update
15th May 20097:00 amRNSBoard Changes
3rd Apr 20093:13 pmRNSStmnt re Share Price Movement
31st Mar 20097:00 amRNSInterim Results
24th Mar 20097:00 amRNSBoard Changes
6th Mar 20097:00 amRNSRe: Directorate
2nd Mar 20097:56 amRNSResult of AGM
16th Feb 20097:00 amRNSOperational & corporate update
9th Feb 20097:03 amRNSOperational Update
6th Jan 20097:00 amRNSGarden Hill South Drilling Update
31st Dec 20087:00 amRNSPosting of report and accounts
19th Dec 200810:50 amRNSDrilling update
3rd Dec 20087:00 amRNSLicense Award
25th Nov 20087:00 amRNSDrilling Update
3rd Nov 20087:00 amRNSGarden Hill South Update
8th Oct 20087:00 amRNSDrilling Update
7th Oct 20087:00 amRNSDirector/PDMR Shareholding
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30th Sep 20086:00 pmRNSPreliminary Results
12th Aug 20087:00 amRNSGarden Hill South Update
25th Jul 20087:00 amRNSDirector/PDMR Shareholding
23rd Jul 20084:00 pmRNSDirector/PDMR Shareholding
23rd Jul 20087:00 amRNSDirector/PDMR Shareholding
22nd Jul 20087:00 amRNSDrilling Update
3rd Jul 20087:00 amRNSGreen Point Shale Rpt
3rd Jun 20087:30 amRNSActivities Update

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