Proactive investors

• 03/12/2008 EnegiOil wins licence for offshore portions of Garden Hill South and Garden Hill Central

Enegi Oil Plc is an independent oil and gas group. Current operations are focused on four prospects around the Port au Port peninsula in western Newfoundland, which, although lightly explored, is in an active petroleum system with light oil having been discovered on a number of occasions.

Our mission is to drive value through the identification and acquisition of oil and gas assets that can be rapidly developed into production. Our vision is to become the leading junior oil and gas company in Atlantic Canada.

Our approach is to develop our assets profitably while recognising that we have a role to play in the development of the communities in which we work and the protection of the environment in the regions where we operate.

Directors

Clive Fowler
Non-executive Chairman

Clive joined Amoco and in 1996 was appointed Managing Director of Amoco UK, the first British national to hold this position. Following the merger between BP and Amoco, he became West of Shetland Business Unit Manager for BP. Clive retired from BP in 2003 and has since held non-executive director positions in two Aberdeen-based start-up companies. He has a BSc Hons in Geology from the University of Birmingham.

Member of the Audit, Remuneration and Nomination Committees.

Alan Minty
Chief Executive Officer

Alan qualified as a Chartered Engineer in 1975. Alan was a risk advisor for the Norwegian Petroleum Directorate in 1979. Since then he has worked on major contracts for clients such as Mobil, BP, Amerada Hess, Shell, Texaco, and, in Newfoundland, on the Hibernia, Terra Nova, and White Rose projects. Alan has a BSc in Mechanical Engineering from Manchester University and an MSc in Management Studies from Bradford University School of Management.

Kevin McNair
Chief Financial Officer

Kevin started his career in 1988 as an auditor for Fremont Financial Corporation in Chicago. Following completion of his MBA in 1993, he joined the corporate finance team of UBS. In 1995 he joined the corporate finance team of Granville Baird, a UK investment bank. In 2002, he joined a privately owned industrial services group as Group Finance Director. Kevin has a degree in Finance and Accounting from William & Mary (USA) and an MBA from London Business School (UK).

Alex Lamb
Non-executive Director

Alex is Chairman of British Engines Limited, an engineering company supplying the oil and gas industry. Before joining British Engines, Alex trained as a Chartered Accountant (CA) with Price Waterhouse, qualifying as a CA in 1996. After qualifying he worked within the Audit and Transaction support department with a number of listed and international companies. Alex has a degree in Economics from Heriot Watt University.

Member of the Audit, Remuneration and Nomination Committees.

Atholl Turrell
Non-executive Director

Atholl is Non-executive Vice-Chairman of Arbuthnot Securities and a Non-executive Director of, and consultant to, Arbuthnot Banking Group Plc. Until 2001 he was Managing Director and Head of Corporate Stockbroking at Schroder Salomon Smith Barney (now Citigroup). He qualified as a Chartered Accountant in 1984. Atholl holds a Ph.D in History from Cambridge University.

Member of the Audit, Remuneration and Nomination Committees.

Barath Rajgopaul
Executive Director, Group Sub-surface Manager, Enegi

Barath is a Chartered Engineer who began his career at Shell Chemicals, before moving to ICI and then the British National Oil Corporation which was later taken over by BP. He joined BG Group where he worked until 2006. Barath's specialisation is in negotiating and managing large joint ventures such as The North Caspian Venture (Kashagan), Elgin Franklin, Ninian, Audrey, Pickerill, and V-Fields (North Sea UK). Barath holds an MSc in Mechanical Engineering from the University of Strathclyde.

Enegi's major shareholders are:

• Dragon Oil (AIM: DGO)