News Release
EnerGulf Reports Drill Ship En Route to Block 1711
HOUSTON, TEXAS - April 1, 2008 - EnerGulf Resources Inc.
(TSX-V:ENG)
As previously
reported, Block 1711 project operator, Sintezneftegaz Namibia Ltd., contracted
the drillship Deep Venture on behalf of itself and the other co-venturers on
Block 1711 (EnerGulf, PetroSA and NAMCOR) to drill the Kunene #1 well. EnerGulf
has been notified by the project operator that the drill ship Deep Venture has
been released by ExxonMobil to the co-venturers. The Deep Venture is now en
route from Angola, to the Kunene #1 drill site on Block 1711 and is expected to
be on location in approximately 3 days.
Block 1711 is
situated in the Namibe basin off the northern coast of Namibia along the
international boundary with Angola. The two separate exploration prospects, the
Kunene and Hartmann, have been identified by extensive modern seismic data on
the 893,100 hectare (2.2 million acre) block. Based on a Prospective Resource
Assessment provided by Netherland Sewell & Associates, Inc. (see news
release dated September 8, 2006), the co-venturers are targeting a potential
multi-billion barrel oil and gas resource on Block 1711. EnerGulf has a 10%
working interest in 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, Chairman of the Board
Certain
disclosure in this release, including the proposed private placement, use of
proceeds, and management?s assessment of EnerGulf's plans and projects,
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. The TSX Venture
Exchange does not accept responsibility for the adequacy or accuracy of this
news release.
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 |
ISIN : CA29266X1050 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact 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. |