Energulf Resources Inc

Published : September 11th, 2009

Lotshi Block Seismic Update

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Keywords :   Angola | China | Coal | K Street | Oil |

 

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


 

For more information, please contact:
Ben Curry
Progressive Investor Relations
Tel: (604) 689-2881
E-mail: info@energulf.com
Website:
www.energulf.com

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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Gold and Silver Prices for these countries : Angola | China | All

Energulf Resources Inc

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.

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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
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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...
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