Energulf Resources Inc

Published : October 20th, 2008

Exploration Activities Update

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   K Street | Namibia | Oil |

News Release

EnerGulf Exploration Activities Update

HOUSTON, TX - October 20, 2008 - EnerGulf Resources Inc. (TSX-V:ENG; EKS-Frankfurt)

EnerGulf Resources Inc. (ENG-TSX) (?Energulf? or the ?Company?) is pleased to provide shareholders with an update on exploration activities at the Company?s Lotshi Block, onshore Democratic Republic of Congo (?DRC?), and the Kunene Block 1711, offshore Namibia.

The Company recently completed reconnaissance aeromagnetic and gravity surveys over the Lotshi Block. The results from these surveys have indicated the presence of a prospective pre-salt rift graben on the block. The Lotshi Block rift graben appears to be on trend with the rift basin of the well known oil and gas producing M'Boundi field in southern Republic of Congo (Brazzaville). The M?Boundi field is located approximately 70 miles northeast of the Lotshi Block.

EnerGulf is now designing a seismic program to further define the prospectivity of the block and to identify optimal drill targets. To date, several leads have been identified on the 475 sq. km. Lotshi Block and EnerGulf expects to commence the seismic program in the near future.

Regarding Block 1711 in Namibia, EnerGulf still awaits, from the operator, the laboratory analysis of the various geological and hydrocarbon properties encountered in the Kunene#1 exploration well. The results from the analysis of the many core and rock samples collected at the initial Kunene #1 target will greatly enhance EnerGulf?s evaluation process moving forward, and provide invaluable insight into unlocking the block?s potential as a commercially viable hydrocarbon system. Currently, EnerGulf is evaluating additional drilling prospects and leads on Block 1711.

Jeff Greenblum, Chairman of the Board/CEO, states, ?In the past year we have seen major developments in all aspects of the company?s operations and I am very encouraged about EnerGulf?s future prospects. We made a new discovery of an active hydrocarbon system at our Namibian offshore concession, advanced our DRC onshore project to where exploratory drilling is within sight and possess a strong cash position for ongoing operations. The information obtained in drilling the Kunene #1 well has enhanced the oil and gas prospects for our 2.2 million acre block offshore Namibia. We are greatly anticipating the results of the state of the art laboratory analysis of the rock properties encountered in the well so that we can expeditiously move forward in planning the next potential drilling project for 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.

On Behalf of the Board of Directors of
ENERGULF RESOURCES INC.

Jeff Greenblum, COB/CEO

 

 For more information, please contact

 Ben Curry
 Progressive Investor Relations
 Tel: (604) 689-2881
 E-mail:
info@energulf.com
 Website: www.energulf.com

 

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
Data and Statistics for these countries : Namibia | All
Gold and Silver Prices for these countries : Namibia | All

Energulf Resources Inc

CODE : ENG.V
ISIN : CA29266X1050
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Energulf Resources Inc
11/6/2013Closes Oversubscribed Non=2Dbrokered Private Placement
9/12/2013Announces Private Placement to Raise $2 Million
5/29/2012Announces Private Placement To Raise $18 Million
Option Grants of Energulf Resources Inc
5/2/2008 Renews Investor Relations Agreement and Grants Stock Option...
Nominations of Energulf Resources Inc
10/14/2011Appoints The Buick Group As Investor Relations Consultant
6/2/2008Adds Exploration Manager For Lotshi Block
Project news of Energulf Resources Inc
5/13/2011(Lotshi Block)Receives Lotshi Block Prospective Resources Report
4/5/2011(Lotshi Block)Commissions Resource Estimate for Lotshi Block and Assembles...
6/17/2010(Kunene)Block 1711 Offshore Namibia
3/6/2009(Kunene)Comments on Namibian Project
2/13/2009(Kunene)Update on DRC and Namibia Projects
8/6/2008(Kunene)Reports Drilling Operations Completed on Kunene #1
6/20/2008(Kunene)Updates Kunene #1 Offshore Namibia
5/29/2008(Kunene)Provides Update on Kunene #1 Offshore Namibia
4/9/2008(Kunene)Drilling Commences on Block 1711 Offshore Namibia
3/28/2008(Kunene)Updates Drilling Rig Status and Management Changes
2/19/2008(Kunene)EnerGulf Receives Drilling Schedule Update For Block 1711 Of...
Corporate news of Energulf Resources Inc
10/2/2015EnerGulf Completes Acquisition of Columbus Copper
9/29/2015Columbus Copper Obtains Final Order for Merger With EnerGulf...
9/2/2015EnerGulf Announces AGM Results and Updates on the Columbus C...
7/13/2015IIROC Trading Resumption - CCU; ENG
7/13/2015EnerGulf Resources and Columbus Copper Announce Arrangement ...
7/10/2015IIROC Trading Halt - CCU; ENG
4/14/2015EnerGulf Receives Extension for the Lotshi Block
3/30/2015IIROC Trading Resumption - ENG
3/27/2015IIROC Trading Halt - CCU, ENG
2/4/2015EnerGulf Closes Non-Brokered Private Placement
1/5/2015EnerGulf Announces an Amendment to the Non-Brokered Private ...
12/9/2014EnerGulf Announces Non-Brokered Private Placement
6/12/2014EnerGulf Announces Carried Interest and Joint Operating Agre...
5/1/2014EnerGulf Appoints Investor Relations Firm
3/17/2014“ENERGULF APPOINTS NEW CHIEF FINANCIAL OFFICER”
3/17/2014EnerGulf Appoints Chief Financial Officer
9/11/2013Retains Moyes & Co
8/23/2013-Gianulis and Dhir Join Board
6/28/2013Granted 15% Interest in New Petroleum Agreement for Namibia ...
5/17/2013Corporate Update May 17=2C 2013
2/21/2012=?windows-1252?Q?EnerGulf_Resources_Releases_New_Prospective...
6/30/2010Lotshi Block Progress Report
4/1/2010Exploration License Renewed for Block 1711 Offshore Namibia
2/26/2010Signs New Contract for Seismic Program on Lotshi Block
9/11/2009Lotshi Block Seismic Update
7/31/2009Management Update
7/23/2009Namibia Block 1711 Update
7/15/2009=?windows-1252?Q?EnerGulf_Closes_First_Tranche_of_Private_Pl...
1/20/2009Proposes Warrant Expiration Extension
7/25/2008Completes Aeromag and Gravity Surveys on Lotshi Block
7/22/2008Reports Drilling Operations Continue On Block 1711
6/13/2008To Conduct Aeromag Survey On Lotshi Block
4/23/2008Updates Continuous Disclosure Record
4/1/2008Reports Drill Ship En Route to Block 1711
3/18/2008Receives Presidential Decree for the Lotshi Block, Democrati...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ENG.V)Other OTC (ENGFF)
0.020+0.00%0.002+0.00%
TSX-V
CA$ 0.020
07/05 09:48 -
0%
Prev close Open
0.020 0.020
Low High
0.020 0.020
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.020 -%
Volume 1 month var.
10,000 -%
24hGold TrendPower© : -21
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
error

 

 

THE REQUESTED URL IS UNCORRECT

Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !