News Release
EnerGulf Updates Kunene #1 Offshore Namibia
VANCOUVER, BC - June 19, 2008 - EnerGulf Resources Inc. (TSX-V:ENG; EKS-Frankfurt)
EnerGulf has been notified by the operator of the Kunene #1 well on Block 1711 offshore Namibia, Sintezneftegaz Namibia Ltd., that the well is now expected to continue drilling for oil and gas beyond the previously announced mid June estimate to reach a total depth of 4,400 meters. The 4,400 meter total depth is now anticipated early July. A decision to then continue drilling to a depth of approximately 5,500 meters has not yet been determined.
The Republic of Namibia has classified the Kunene #1 as a ?tight hole?, meaning no information regarding the well may be released until such time as the Namibian government determines to make the information public.
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.
Clive Brookes, Director
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
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Energulf Resources Inc
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CODE : ENG.V |
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ISIN : CA29266X1050 |
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Energulf est une société d’exploration minière et de pétrole basée au Canada. Energulf détient divers projets d'exploration en Namibie. Son principal projet en production est LOTSHI BLOCK en Republique Democratique Du Congo et son principal projet en exploration est KUNENE en Namibie. Energulf est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,0 millions CA$ (1,6 millions US$, 1,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 30 septembre 2005 à 6,65 CA$, et son plus bas niveau récent le 05 juillet 2017 à 0,02 CA$. Energulf possède 99 320 000 actions en circulation. |