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Enegi Oil provides operational update


Published Nov 16, 2011
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Enegi Oil

Enegi Oil report that details of the next stage of the workover programme have been finalised. One of the final elements was the appointment of a service provider with the appropriate experience and expertise to implement the proposed programme. The Company is pleased to announce that Schlumberger has been appointed to undertake the programme.

The work programme was formally submitted to the Newfoundland and Labrador Department of Natural Resources on 10th November 2011 for approval. The programme submitted to the DNR which targets the Upper Aguathuna, describes the activities that will be undertaken during the workover as well as the testing activities that will take place to maximise the quality of data obtained.

Enegi anticipates that the programme will be approved in the coming days, following which Schlumberger will mobilise the required equipment and personnel to site. Accordingly, site preparation and acquisition of materials has already commenced. Further announcements will follow as the programme is implemented.

Alan Minty, CEO of Enegi Oil plc, commented,"The delays have been frustrating, but necessary in order to ensure that the most appropriate work programme has been devised. We are delighted to have secured a provider of the calibre and expertise of Schlumberger to the project and believe that we now have all the necessary building blocks in place to successfully carry out the next stage of the workover, whose objective is to move to sustainable production."

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