Enegi Oil agrees second North Sea farm-out with Azimuth
Enegi Oil (LON:ENEG) has reached agreement on a second North Sea farm-out deal with Azimuth. It covers Block 22/12b and Azimuth will receive a 50% share in the exploration area in return for carrying...
View ArticleEnegi Oil applies for exploration licence in Clare basin
Enegi Oil (LON:ENEG) this morning confirmed that it has applied for an exploration licence for its project in the Clare Basin, onshore Ireland. The company has so far been pursuing the project via a...
View ArticleEnegi Oil’s Jordan project takes step forward
Enegi Oil (LON:ENEG) today revealed another step forward for its proposed exploration project in the Kingdom of Jordan. In a meeting chaired by Jordan’s prime minister Abdullah Ensour the...
View ArticleEnegi Oil acquires 3D data for Phoenix discovery
Enegi Oil (LON:ENEG) said it has acquired the “foundation” data that will allow it to assess the feasibility of drilling a well on the Phoenix discovery in the North Sea. It has obtained 250 kilometres...
View ArticleEnegi Oil restarts oil sales in Newfoundland
Enegi Oil (LON:ENEG) has announced the restart of oil sales from the Garden Hill South operation in Newfoundland. This comes as a new sustained production process has been established at the project....
View ArticleEnegi Oil and ABT advancing talks to secure assets
Enegi Oil (LON:ENEG) has formalised its relationship with Advanced Buoy Technology (ABT) as a joint venture (JV), and it says it is now in talks over securing assets on the UK continental shelf. It has...
View ArticleEnegi Oil consultant wants to farm into Canada field
Enegi Oil (LON:ENEG) has revealed that an unnamed consultant working to enhance production from a well on its Garden Hill Field in Newfoundland has said it wants to farm into the field and the firm’s...
View ArticleEnegi Oil agrees new partnership for multi-well programme in Canada
Enegi Oil (LON:ENEG) has reached an agreement with a Canadian group to take forward the development of the company’s assets in Newfoundland. The AIM quoted oil firm signed a letter of intent with Black...
View ArticleEnegi Oil boosted by Newfoundland tie-up
Enegi Oil (LON:ENEG) shares advanced as much as 18% on Wednesday after it unveiled an agreement to bring in a partner to take forward the development of the company’s assets in Newfoundland. The AIM...
View ArticleEnegi Oil's transformational plan comes together
The parts are coming together for Enegi Oil's (LON:ENEG) plan to re-position itself as a specialist in rejuvenating marginal oil fields. In May, it formalised a deal with Advanced Buoy Technology...
View ArticleEnegi Oil and Antrim Energy strike deal to develop Fyne field
Enegi Oil (LON:ENEG) and Antrim Energy (LON:AEY, CVE:AEN) have struck a deal that could transform the Fyne oil field development project in the North Sea. The previous plan for Fyne was scrapped...
View ArticleUPDATE: Enegi Oil partner to drill at least one well in Newfoundland this year
--Adds broker comment-- Enegi Oil‘s (LON:ENEG) new partner in Newfoundland, Black Spruce Exploration, will drill at least one new well in 2013 after completing technical due diligence. Enegi announced...
View ArticleEnegi Oil: Newfoundland drilling pencilled in for autumn as Black Spruce deal...
Enegi Oil (LON:ENEG) has confirmed the completion of its deal with Black Spruce Exploration (BSE), which will now take control of the group’s assets in Newfoundland. BSE will take on 100% of the costs...
View ArticleEnegi Oil partner Azimuth looking at hydrocarbon potential of North Sea licence
Enegi Oil (LON:ENEG) has revealed that farm-out partner Azimuth has started a detailed programme assessing the hydrocarbon potential of the exploration acreage on a North Sea licence. Exploration and...
View ArticleUPDATE - Enegi Oil to focus on marginal fields
---ADDS SHARE PRICE AND BROKER COMMENT--- Enegi Oil (LON:ENEG) has confirmed its focus will be on the development of marginal fields, with its ABTechnology partnership at the vanguard. ABT uses giant...
View ArticleEnegi Oil moves into Celtic Sea with Providence Resources tie-up
Enegi Oil (LON:ENEG) has struck deals with Providence Resources (LON:PVR) that will add two additional projects to the ABT joint venture. The plan is for ABT Oil & Gas (ABTOG), Enegi’s 50% owned...
View ArticleEnegi Oil believes its marginal fields initiative has huge potential
Enegi Oil (LON:ENEG) believes there is significant opportunities to commercialise marginal fields via its joint venture, ABT Oil & Gas. It estimates there are 261 undeveloped fields around the UK...
View ArticleEnegi Oil secures funding to take Fyne forward
Enegi Oil (LON:ENEG) has secured over new funding as it advances the development of the Fyne field in the North Sea. Initially Enegi is raising just over £2mln through a share placing to Yorkville...
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