23 Dec 2013 12:30
ENEGI OIL PLC
AIM ticker: 'ENEG'
OTC ticker: 'EOLPF'
23 December 2013
Enegi Oil Plc
("Enegi" or "the Company")
Posting of Annual Report and Accounts
Enegi announces that the Annual Report and Accounts for the year ended 30 June 2013 have today been posted to shareholders. The Report and accounts will also be available on the Company's website from Tuesday 24 December 2013 (www.enegioil.com).
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 | |
College Hill | Tel: + 44 207 457 2020 |
Alexandra Roper | |
David Simonson |
www.enegioil.com
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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 buoy technology which is an appropriate solution and changes the development economics of the 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 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 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 in Jordan with its partner Korea Global Energy Corporation.