Energulf Resources Inc

Published : April 30th, 2009

Signs Contract for Seismic Program on Lotshi Block

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

 

News Release

 

EnerGulf Signs Contract for Seismic Program on Lotshi Block

 

HOUSTON, TX - April 30, 2009 - EnerGulf Resources Inc. (TSX-V: ENG; FRANKFURT: EKS)

 

(Houston) EnerGulf Resources Inc. (ENG-TSXV) (?EnerGulf?): EnerGulf is pleased to announce it has signed a contract with CGE (China National Administration of Research Institute of Coal Geophysical Exploration) to conduct the upcoming 2D seismic acquisition program on its Lotshi Block located onshore in the Democratic Republic of Congo (DRC). The high quality seismic survey is planned to commence by late summer following the receipt of the necessary exploration permits. The survey is designed to further define the prospectivity of the block and to identify optimal drill targets.

CGE, a state holding company registered in Beijing, was founded in 1974 and is fully certified to engage in oil and gas, coal and coal-bed methane seismic exploration, processing and interpretation. CGE has prior oil and gas seismic survey experience in Les Zones du Bassin C?tier of the DRC and was chosen after a tendering process as the most qualified and economic operator among a number of qualified vendors. 

The Lotshi Block covers approximately 475 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. 

EnerGulf has approved the grant of incentive stock options under its Stock Option Plan to directors and officers for the purchase of a total of 70,000 common shares in its capital exercisable on or before April 29, 2014 at a price of $0.40 per common share. 

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

 

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. 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, British Columbia V6B 1N2
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
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...
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