Enegi Oil PLC (ENEG)

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Company Description

Enegi Oil PLC is incorporated in the United Kingdom on 13 September 2007. It is an independent oil and gas company. The company's operations are focused around the Port au Port Peninsula in Newfoundland, Canada, the Clare Basin in County Clare, Ireland and the North Sea, UK. The main activity of the Company and Group is the identification, development and operation of hydrocarbon opportunities with its focus being on Atlantic Canada, Western Ireland, the North Sea in the United Kingdom ('UKCS') and Jordan. In Newfoundland, the Company has a 100% working interest in an onshore petroleum lease and two offshore exploration licences, EL1070 and EL1116; in Ireland the Company has a 100% interest in a licensing option, ON11/1 and in the UKCS Enegi has a 100% interest in Blocks 22/12b and 3/23(split). Its objective is to create value for shareholders through capital growth. The company's geographical areas of interest include Canada, Ireland and the UK, all of which have a well-established hydrocarbon industry...