News Release
EnerGulf Completes Aeromag and Gravity Surveys on Lotshi Block
HOUSTON, TX - July 24, 2008 - EnerGulf Resources Inc. (TSX-V:ENG; EKS-Frankfurt)
The aeromagnetic and gravity surveys covering EnerGulf?s Lotshi Block, onshore Democratic Republic of Congo (DRC), have been completed. The airborne geophysical surveys flown by New Resolution Geophysics, of South Africa, are designed to provide support for EnerGulf?s planned seismic program and also to identify and map structural trends and various other leads of the Congo coastal basin at the Lotshi property.
The Lotshi Block covers approx 475 sq km in the onshore coastal basin of the western DRC and is contiguous to the highly prospective Cabinda area of Angola. EnerGulf is the operator of the block.
EnerGulf Resources Inc. is a publicly traded international oil and gas exploration company focused on maximizing shareholder value by targeting high impact opportunities in the world?s most prospective hydrocarbon regions. EnerGulf Resources Inc. is a publicly traded international oil and gas exploration company focused on maximizing shareholder value by targeting high impact opportunities in the world?s most prospective hydrocarbon regions.
On Behalf of the Board of Directors of
ENERGULF RESOURCES INC.Jeff Greenblum, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to EnerGulf's operations as an oil and gas exploration company that may cause future results to differ materially from those expressed or implied by those forward-looking statements and readers are cautioned not to place undue reliance on these statements.
EnerGulf Resources Inc.
200 - 675 West Hastings Street, Vancouver BC, V6B 1N2
Tel: 604.408.1990 Fax: 604.608.4822
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Energulf Resources Inc
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CODE : ENG.V |
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ISIN : CA29266X1050 |
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Energulf is a and oil exploration company based in Canada. Energulf holds various exploration projects in Namibia. Its main asset in production is LOTSHI BLOCK in Congo Dem. Rep. of and its main exploration property is KUNENE in Namibia. Energulf is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.6 millions, € 1.4 millions). Its stock quote reached its highest recent level on September 30, 2005 at CA$ 6.65, and its lowest recent point on July 05, 2017 at CA$ 0.02. Energulf has 99 320 000 shares outstanding. |