Content area

Abstract

(Marketwire - Aug. 6, 2008) - EnerGulf Resources Inc. ("EnerGulf") (TSX VENTURE:ENG)(FRANKFURT:EKS) EnerGulf reports that drilling and logging operations on the Kunene #1 have been completed. The well had significant hydrocarbon shows. EnerGulf believes the results of the operations to date have enhanced the prospectivity of Block 1711 by demonstrating that hydrocarbons are present. At this date we believe that this first well ever drilled in the Namibe Basin south of Angola, will probably not be a commercial producer. However, Sintezneftegaz Nambia Ltd. has determined to test the well for natural gas in a particular zone. The test is estimated to take an additional 16 days. EnerGulf has elected not to participate in this operation. EnerGulf believes the Kunene well information will allow EnerGulf to evaluate existing prospects and identify new leads and prospects on the block.

Details

Title
EnerGulf Reports Drilling Operations Completed on Kunene #1
Author
Anonymous
Publication year
2008
Publication date
Aug 6, 2008
Publisher
Intrado Digital Media Canada Inc.
Source type
Trade Journal
Language of publication
English
ProQuest document ID
447732881
Copyright
Copyright CCNMatthews Aug 6, 2008