GUARDIAN GLOBAL SECURITY PLC 
By 4 September 2012
Enegi Oil Plc
('Enegi' or 'the Company')
Appointment of Chief Operating Officer
Enegi is pleased to announce that Derek Cochrane, currently a
Non-Executive Director, will become
Chief Operating Officer with immediate effect.
This appointment increases the operational capability within
the Company's management team. Derek will, primarily, be
responsible for assessing and managing the operational needs
of the Company with respect to its hydrocarbon assets which
is particularly important at this time as the Company
assesses a number of opportunities to expand its asset
portfolio. The appointment has the added benefit of
strengthening the operational experience of Enegi as the
Company concludes its plans with respect to the PAP#1 ST#3
well and its Newfoundland regional development play.
Enegi's management regularly conducts reviews and appraisals
of both its existing asset base and new, unsolicited
opportunities. Some deals present themselves in the form of
asset swaps or farm- ins, while others include the potential
acquisition of multiple properties and existing corporate
entities. Enegi is actively involved in reviewing and grading
such opportunities, and management remains keen to continue
growing the Company's asset base and production profile
using a variety of means.
Derek has over 30 years' experience in the oil and gas
sector, mainly working for British Petroleum ('BP') where he
was exposed to a broad spectrum of issues, covering the
entire project lifecycle, including opportunity
identification and assessment, strategy development,
logistics planning and procurement and asset management.
Derek spent his first five years with BP as a drilling
engineer on exploration projects in the UK, China, Egypt and
Australia, and subsequently worked in areas as diverse as the
UK and the Netherlands, Malaysia and Russia, managing joint
ventures and business units involved in the delivery and
operation of assets and the development of onshore and
offshore fields. More recently, he was involved in the
acquisition and management of oil and gas prospects in the
USA and Canada, through a Canadian TSX ventures company
established to provide strategic investment into
resource-based opportunities with significant potential for
appreciation. Derek has particular experience of bringing
projects with near-term production potential quickly online,
which will be invaluable in the development of opportunities
that the Company is currently reviewing.
The Board has also been informed that David Parry intends to
step down from his position as an Executive Director as a
result of a substantial increase in work commitments he has
experienced with regard to his other business interests. The
Board is keen to retain David's valuable input and he has
agreed to accept a position as a Non-Executive Director,
effective immediately.
Alan Minty, CEO of Enegi Oil Plc., commented:
Alan Minty, CEO Tel: + 44 161 817 7460
Cenkos Securities
Jon Fitzpatrick Tel: + 44 207 397 8900
Neil McDonald Tel: +44 131 220 9771
Nick Elwes Tel: + 44 207 457 2020
Alexandra Roper
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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