Enegi Oil is pleased to provide a further update on the development of the Marginal Field Initiative by ABT Oil and Gas Ltd., the Company's joint venture with ABTechnology Ltd. ABTOG has signed collaboration agreements with AGR Well Management Ltd. and Frames, who become the latest members in the Marginal Field Delivery Consortium. AGR and Frames join ABTOG, Kongsberg Maritime, Apollo and Braemar ACM in the Consortium.

ABTOG has been progressing the Marginal Field Initiative for a number of years and has assembled a Consortium of established industry partners focused on the delivery of marginal field projects. The Consortium members all bring complementary expertise with the objective of providing the broad range of skills required to deliver field development projects.

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