Current Assets

Enegi Oil Inc., Nu-Oil's 100% owned Canadian operating subsidiary, holds working interests in western Newfoundland through an onshore production lease, PL2002-01(A), and an offshore exploration licence, EL1070.  PL2002-01(A) and EL1070 are located on and around the Port au Port Peninsula, western Newfoundland. 

LocationLease / LicenseInterestAreaOn/offshoreExpiry
Newfoundland, CanadaPL2002-01(A)100%4,500 acres (16km²)Onshore11 August 2022
Newfoundland, CanadaEL1070100% in strata below the base of the Green Point Formation245,678 aces (1,040.3km²)Offshore

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