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Message: Enegi announces economic oil flow at Garden Hill South

Rico, I read the end of Enegi's news release-

Alan Minty, CEO of Enegi, commented:

"Since 2008 we have worked hard to increase the Company's resources and are delighted that the latest test results confirm that the connected oil in place associated with Garden Hill South is in excess of those stated in Enegi's CPR. We expect such efforts to be borne out in the next CPR due in the coming months. We believe that the latest results, the presence of a live petroleum system, and the size of the Green Point Shale justify further development activity in our acreage.

In addition, the results to date not only indicate that the Well is economic and would meet all the Company's current working requirements, but also that there is scope for improvement. Although further testing is required to confirm the extent of improvement, it is now beyond dispute that our Canadian assets have significant potential and value."

I believe this link will take you to the actual news release, on another site --

http://www.oilvoice.com/n/Enegi_Oil_announce_Garden_Hill_South_operational_update/276360e2ceb1.aspx

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