6 January 2012
Enegi Oil Plc ('Enegi' or 'the Company')EL1070 Update
Further to the announcement by Enegi, dated the
6th December 2011, the Company is pleased to
note the announcement issued by Shoal Point Energy ("SPE") on
the 5th January 2012 that drilling operations
have commenced on the 3K39z well, at Shoal Point, Port au
Port Bay, Newfoundland.
According to the announcement, the borehole has been drilled
to a measured depth of 1,745 metres and encountered liquid
hydrocarbon shows over the entire gross section of the well
below approximately 700 metres. Further operations and a
number of tests are planned, with the programme expected to
take between nine and twelve weeks to complete, depending on
the final number of cased-hole tests conducted.
Alan Minty, CEO
David Parry, Director Tel: + 1 604 568 0733
Jon Fitzpatrick
Neil McDonald
Nick Elwes
www.enegioil.com
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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EL1070 Update |