News Release
Lotshi Block Seismic Update
September 11, 2009
(Houston) EnerGulf Resources Inc. (ENG-TSXV) (EnerGulf or the Company): Preparations are now under way to commence the previously announced 2D seismic acquisisition program on EnerGulf?s Lotshi Block in the Democratic Republic of Congo (DRC) in mid September 2009. The program will be conducted by CGE (China National Administration of Research Institute of Coal Geophysical Exploration). CGE has prior oil and gas seismic survey experience in Les Zones du Bassin C?tier of the DRC. Dr. Albert Ongendangenda, Director General of EnerGulf Congo SARL in the DRC, and Dr. Joe Davis, geophysical consultant to EnerGulf from Digital Prospectors will be managing and co-ordinating the program. This high quality seismic survey is designed to further define the prospectivity of the block and to identify optimal drill targets.
The Lotshi Block covers approximately 500 square km of the Les Zones du Bassin C?tier in the onshore coastal salt basin of western DRC. EnerGulf is the operator of the project. The Block is contiguous to Cabinda, Angola and is on trend with the M?Boundi giant field in Republic of Congo and situated in a similar geological setting. The Lotshi Block is also in relatively close proximity to the offshore Cabinda, Malongo and Takula giant field complexes operated by Chevron and the onshore and offshore Perinco fields in DRC.
At the Company?s recent Annual General Meeting held on August 18, 2009 the shareholders re-elected Jeff Greenblum, Clive Brookes, Tom Fetters and Joe Soliz to the Board of Directors for the upcoming year and all other resolutions were approved as set out in the information circular.
Jeff Greenblum, EnerGulf Chairman of the Board and CEO states, ?We are very pleased to be ready to commence seismic operations on our Lotshi Block in DRC. When the seismic survey is completed, EnerGulf will have achieved a major milestone in its exploration program. The results will enhance our understanding of the block, better enabling us to select optimal drilling locations. ?
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, Chairman and CEO
Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to EnerGulf?s operation 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 disclaims any intentions or obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
EnerGulf Resources Inc.
301 - 470 Granville Street, Vancouver, British Columbia V6C 1V5
Telephone: (604) 408-1990 Fax: (604) 608-4822
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Energulf Resources Inc
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CODE : ENG.V |
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. |