EnerGulf Resources provides an update on exploration activities at the Company’s Lotshi Block, onshore Democratic Republic of Congo (“DRC”), and the Kunene Block 1711, offshore Namibia.



The Company recently completed reconnaissance aeromagnetic and gravity surveys over the Lotshi Block. The results from these surveys have indicated the presence of a prospective pre-salt rift graben on the block. The Lotshi Block rift graben appears to be on trend with the rift basin of the well known oil and gas producing M'Boundi field in southern Republic of Congo (Brazzaville). The M’Boundi field is located approximately 70 miles northeast of the Lotshi Block. Regarding Block 1711 in Namibia, EnerGulf still awaits, from the operator, the laboratory analysis of the various geological and hydrocarbon properties encountered in the Kunene#1 exploration well. The results from the analysis of the many core and rock samples collected at the initial Kunene #1 target will greatly enhance EnerGulf’s evaluation process moving forward, and provide invaluable insight into unlocking the block’s potential as a commercially viable hydrocarbon system. Currently, EnerGulf is evaluating additional drilling prospects and leads on Block 1711...more...