Energulf Resources Inc. (fka ENGFF)

[Renee]

ENGFF: Inactive security. Effective March 21,2022 FINRA will delete the symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[jonner]

No bid is available on tdamertrade

[DFRANK1970]

My bag is heavy with this one, it's not looking good. Not looking good at all....

[MikeYamato]

Has anyone heard anything about the funding deal or when ENGFF is planning to start drilling on the two shallow GSPE sites?

[Philvb]

http://www.energulf.com/2016/06/energulf-announces-participation-in-gulf-of-mexico-projects/

[Dr. King Schultz]

Fasten your seatbelts, we have NEWS!!!


EnerGulf Resources Releases New Prospective Resource Estimates for Block 1711 Offshore Namibia with a Mean Estimate of 3.166 Billion Barrels of Oil (EnerGulf Gross Net 474.9 Million Barrels)

DALLAS, TEXAS (February 21, 2012), EnerGulf Resources Inc. (TSX-V: ENG; FSE: EKS) (“the Company”) is pleased to announce the Company has received a prospective oil resources report for four prospects and nine leads on Block 1711, Offshore Namibia, including a mean estimate of 3.166 Billion barrels of potentially recoverable oil. The report was prepared by independent oil and natural gas reservoir engineers Netherland Sewell and Associates, Inc. (“NSAI”) of Dallas, Texas (www.netherlandsewell.com). The report was prepared as of December 31, 2011, and will be available on SEDAR (www.sedar.com) and on the EnerGulf website (www.energulf.com).

NSAI estimates the unrisked gross (100 percent) prospective oil resources for the prospects and leads as of December 31, 2011, to be:

Gross (100%) Unrisked Prospective Oil Resources (MMbbl)
Low Estimate Best Estimate High Estimate Mean
Total 742 2,749 6,108 3,166


The estimates in this report have been prepared in accordance with the definitions and guidelines set forth in Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities and Section 5 of Volume 1, Second Edition, of the Canadian Oil and Gas Evaluation Handbook (COGEH), prepared jointly by the Society of Petroleum Evaluation Engineers (Calgary Chapter) and the Canadian Institute of Mining, Metallurgy & Petroleum (Petroleum Society) (the latter of which is now the Petroleum Society of Canada). Please also see footnote below.

The following table reports the results from the NSAI report by individual prospect or lead.

***See attachment for table

Block 1711 comprises 2.2 million acres (8,900 square km) and is situated in the Namibe basin off the northern coast of Namibia along the international boundary with Angola. The co-venturers in Block 1711 are currently EnerGulf 15% (with a possible additional 4%), PetroSA 10%, NAKOR 10% (carried), NAMCOR 7% (carried), HRT 2.7%, and Kunene Energy 0.3% (carried). EnerGulf has been granted the authority to market and negotiate the terms for the remaining 51% to 55% interest in Block 1711 with potential qualified industry participants with the consent of the Namibian Ministry of Mines and Energy. EnerGulf will continue as the interim Operator under the Joint Operating Agreement (EnerGulf News Release October 12, 2011).

EnerGulf’s extensive work program has determined that Block 1711 contains at least five Paleocene-Eocene turbidite sand prospects and leads. They comprise a current mean recoverable resource estimate per the NSAI report of more than 2 Billion barrels. This play was not considered for Block 1711 before the Kunene #1 well was drilled, but biostratigraphic information from the well suggested its importance. NSAI’s High Estimates for these prospects and leads, totaling 4 billion barrels is in line with similar turbidite fields of the same age in the Campos Basin of Brazil. Other Giant (>500 million barrels) deepwater turbidite sand analogs for this play exist in the deepwater play off Angola, north of Block 1711, as well as elsewhere in West Africa, and the Gulf of Mexico.

Further, it has been recognized for some time that the Syn-Rift play in Block 1711 is geologically similar to the Pre-Salt plays in the Santos Basin of Brazil and in the Upper Congo Basin of West Africa, including EnerGulf’s Lotshi Block in DRC. The Kunene #1 well penetrated the uppermost 200 meters of the Syn-Rift section, and although no commercial reservoir zones were found, the section was thermally mature and a significant show of heavy gas was noted just above the top of the zone. NSAI’s High resource estimate of more than a billion barrels for 4 prospects and leads in this play hints at the promise it presents.

In addition to the Turbidite and Syn-Rift plays, each of which have many Giant (<500 million barrels recoverable) oil field analogs in West Africa and Brazil, the company has identified a new play involving huge structures in Basement rocks. This play has been recognized throughout West Africa and Brazil, and although there are no nearby Giant fields in this play, further study of the existing leads on Block 1711 could lead to a significant increase in the Block’s resources.

EnerGulf also continues with plans for a mid 2012 drill program on its 500 square km Lotshi Block located in the onshore coastal salt basin of western DRC. EnerGulf recently reported the receipt of an assessment of the Prospective Resources on EnerGulf’s Lotshi Block with a mean estimate of 313 million barrels for the potentially recoverable oil on seven oil prospects on the Lotshi Block. The report was prepared by DeGolyer and MacNaughton (D&M), an independent international petroleum consulting firm located in Dallas, Texas (www.demac.com) and is available on SEDAR (www.sedar.com) and on the Company’s website (www.energulf.com). EnerGulf is the operator of the project and has a 90% interest and COHYDRO, the state oil company of the DRC, holds a 10% carried interest.

Jeff Greenblum, Chairman and CEO for EnerGulf states, “We are pleased to publicly demonstrate the breadth and depth of the prospect portfolio as it currently stands. The report by NSAI validates the work EnerGulf has done since taking over as operator of Block 1711. Our analysis of the information obtained during the drilling of the Kunene #1 well served as a catalyst for developing several new prospects and leads, as well as a complete re-evaluation of the existing prospect portfolio. We are looking forward to planning our upcoming 3-D seismic acquisition and drill programs, and pursuing talks with prospective qualified industry co-venturers.”


Footnote: Per the NSAI report, “Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. The prospective resources included in this report indicate exploration opportunities and development potential in the event a petroleum discovery is made and should not be construed as reserves or contingent resources. There is no certainty that any portion of the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the prospective resources. Entities for which prospective resources have been estimated in this report have been subclassified as prospects and leads. A prospect is defined as a project associated with a potential accumulation that is sufficiently well defined to represent a viable drilling target, and a lead is defined as a project associated with a potential accumulation that is currently poorly defined and requires more data acquisition and/or evaluation in order to be classified as a prospect. The oil resources shown include crude oil only. Oil volumes are expressed in millions of barrels (MMbbl); a barrel is equivalent to 42 United States gallons.

The prospective resources shown in this report have been estimated using a combination of deterministic and probabilistic methods and are dependent on a petroleum discovery being made. If a discovery is made and development is undertaken, the probability that the recoverable volumes will equal or exceed the unrisked estimated amounts is 90 percent for the low estimate, 50 percent for the best estimate, and 10 percent for the high estimate. As recommended in the COGEH, the low, best, and high estimate prospective resources have been aggregated beyond the prospect and lead level by arithmetic summation; therefore, these totals do not include the portfolio effect that might result from statistical aggregation. Note that these distributions do not include consideration of the probability of success of discovering and producing commercial quantities of oil, but rather represent the likely distribution of the oil deposits, if discovered.”

On behalf of the Board of Directors,
EnerGulf Resources Inc.

“Jeff Greenblum”

Jeffrey L. Greenblum, Chairman & CEO

Neither the 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 disclaims any intentions or obligations to update or revise any forward looking statements whether as a result of new information, future events, or otherwise.

For more information, please contact:

Jonathan Buick
The Buick Group
Tel: [phone]
Email: [e-mail]

Ben Curry
Progressive Investor Relations
Tel: [phone]
Email: [e-mail]
Website: www.energulf.com

EnerGulf Resources Inc.
4005 – 1011 West Cordova Street, Vancouver, British Columbia V6C 0B2
Telephone: [phone] Fax: [phone]
www.energulf.com
[e-mail]

[Dr. King Schultz]

News: EnerGulf Work Program Results and Increased Interest-Block 1711 Namibia

http://www.marketwire.com/press-release/energulf-work-program-results-and-increased-interest-block-1711-namibia-tsx-venture-eng-1571905.htm


DALLAS, TEXAS--(Marketwire - Oct. 12, 2011) - EnerGulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) is pleased to provide updates on Block 1711, offshore Namibia and the Lotshi Block, onshore Democratic Republic of Congo (DRC).

Block 1711 Offshore Namibia:

EnerGulf has been advised by the Namibia Ministry of Mines and Energy of certain amendments to the Petroleum Agreement ("PA") for Block 1711 offshore Namibia:

•EnerGulf will receive an additional 5% to 9% working interest in Block 1711. This will increase EnerGulf's working interest from 10% to a minimum of 15% and a maximum of 19%.

•NAKOR's 70% interest will be relinquished in exchange for a 10% carried interest. NAKOR's costs will be carried by the new owners of its participating interest for the 2012 work program and the drilling of the next well. NAKOR will be responsible for its proportional share of costs of any subsequent work programs and any other wells drilled on the block.

•EnerGulf has been granted the authority to market and negotiate terms for the remaining 51% to 55% interest with potential qualified industry participants with the consent of the Ministry. EnerGulf will continue as the interim Operator under the Joint Operating Agreement ("JOA").

The co-venturers interests are now: EnerGulf 15-19%, PetroSA 10%, NAMCOR 7% (carried), Kunene Energy 0.3% (carried) and HRT 2.7% and the remaining 51% to 55% interest is to be negotiated with leading industry participants. The restructuring of the interests by the Namibia government is intended to accelerate the exploration efforts on the block.

As operator of Namibia Block 1711, EnerGulf presented the results of the 2010-2011 work program on the 2.2 million acre block, to the Namibia Ministry of Mines and Energy in Windhoek, Namibia. The work program involved a complete analysis of data from the Kunene #1 well, and a further evaluation of the block's exploration potential. The exploration studies revealed multiple prospects and leads supported by amplitude anomalies and other hydrocarbon indicators. EnerGulf's Block 1711 prospect portfolio includes a Tertiary Turbidite play and a Syn-Rift play, both of which have giant field analogs in Angola and Brazil.

Fossil evidence from the Kunene #1 well points to the potential for multiple Tertiary-age turbidite sandstone prospects. Turbidite sandstone reservoirs are common and prolific in West Africa, Brazil and Deepwater Gulf of Mexico. Regionally, turbidite sandstone reservoirs account for more than 20 billion barrels of producible reserves in Angola (Blocks 14, 15, 17 18 offshore Luanda), Nigeria (Agbami, Akpo and Bongo fields), Equatorial Guinea (Zafiro and Alba) and the Campos Basin of Brazil (Marlim and Albacora).

EnerGulf's extensive study also provided significant new information concerning the hydrocarbon potential of the Syn-Rift play, including possible seismic evidence of salt on Block 1711. The Syn-Rift rocks in Block 1711 are stratigraphically similar to the Pre-Salt rocks of the Santos Basin of Brazil (Lula, Guara and Lara fields) in the Upper Congo Basin (Malongo and M'boundi fields). These plays currently contain more than 15 billion barrels of producible reserves, and are still developing.

EnerGulf has submitted the 2012 work program for Block 1711 to the government and co-venturers. The work program includes acquiring a 3D seismic survey over the Hartmann area in the southwest portion of the block in Q1 and Q2 of 2012, as well as continued geological and geophysical evaluation. It is estimated that the 2012 work program on Block 1711 could cost approximately $15 million.

Lotshi Block, Onshore, Democratic Republic of Congo:

EnerGulf continues with plans for a mid 2012 drill program on the Lotshi Block. The Company is also commencing construction of a school and health clinic on the block as required by the community improvements provision of the Production Sharing Agreement. EnerGulf continues to consider negotiations regarding a farm-in with qualified industry co-venturers for the Lotshi Block.

The Lotshi Block covers approximately 500 square km of the Les Zones du Bassin Côtier in the onshore coastal salt basin of western DRC. EnerGulf is the operator of the project and has a 90% interest and COHYDRO, the state oil company of the DRC, holds a 10% carried interest.

EnerGulf recently reported the receipt of an assessment of the Prospective Resources on EnerGulf's Lotshi Block with an unrisked mean estimate of 313,176,000 barrels. The report was prepared by DeGolyer and MacNaughton (D&M), an independent international petroleum consulting firm located in Dallas, Texas (www.demac.com). The report has been prepared in accordance with Canadian NI 51-101 and other Canadian, United States and International standards and covers the potentially recoverable oil on seven oil prospects on the Lotshi Block. The D&M Prospective Resources report is available on the Company's website at www.energulf.com and is filed on SEDAR at www.sedar.com. In accordance with Section 5.9 of NI 51-101, the Company declares that there is no certainty that any portion of these prospective resources will be discovered and if discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

Chairman/CEO Jeff Greenblum comments, "We are excited to be in the exclusive club of the West African hydrocarbon elephant hunt. We are on trend with the West Africa/Brazil major hydrocarbon producing play types. EnerGulf's leadership has recast Block 1711 as a premier exploration opportunity and we are also pleased to increase our interest in Block 1711 and remain as operator until a qualified deep offshore operator joins us. We are also looking forward to drilling our world class potential Lotshi Block in the Democratic Republic of Congo in mid 2012."

On behalf of the Board of Directors,

EnerGulf Resources Inc.

Jeffrey L. Greenblum, Chairman & CEO

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures, financing and prospective resource estimates. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated private placements, the timing and amount of expenditures, business conditions, changes in business strategy, regulatory requirements, competition and economic conditions. The Company does not assume the obligation to update any forward-looking statement.

Neither the 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.

Contact Information

Ben Curry/Andrew Mugridge
Progressive Investor Relations
[phone]
[e-mail]
www.energulf.com

[Dr. King Schultz]

News: EnerGulf Receives Lotshi Block Prospective Resources Report

http://finance.yahoo.com/news/EnerGulf-Receives-Lotshi-ccn-2721640058.html?x=0&.v=1

DALLAS, TEXAS--(Marketwire - May 11, 2011) - EnerGulf Resources Inc. (TSX VENTURE:ENG - News; FRANKFURT:EKS - News) is pleased to announce that it has received an assessment of the Prospective Resources on EnerGulf's Lotshi Block located in western Democratic Republic of Congo (DRC). The report was prepared by DeGolyer and MacNaughton (D&M), an independent international petroleum consulting firm located in Dallas, Texas (www.demac.com). The report has been prepared in accordance with Canadian NI 51-101 and other Canadian, United States and International standards and covers the potentially recoverable oil on seven oil prospects on the Lotshi Block. The Lotshi Block covers approximately 500 square km of the Les Zones du Bassin Cotier in the onshore coastal salt basin of western DRC. EnerGulf is the operator of the project and has a 90% interest and COHYDRO, the state oil company of the DRC, holds a 10% interest.

The report concludes:

Prospective resources in seven oil prospects have been identified in the Lotshi Block, Democratic Republic of Congo. The prospective resources presented below are based on the statistical aggregation method. Estimates of the gross prospective oil resources, as of December 31, 2010 are summarized as follows, expressed in English units in thousands of barrels (10(3)bbl).


Low (P90) Best (P50) High (P10) Mean Estimate Estimate Estimate EstimateGross Prospective Oil Resources, 10(3)bbl 207,679 299,368 428,573 313,176
The next table reports the results by individual prospect and includes the gross Pg (probability of geologic success) adjusted mean estimate prospective oil resources, should these prospects result in successful discoveries and development, expressed in English units in thousands of barrels (10(3)bbl).


ESTIMATE of the GROSS PROSPECTIVE OIL RESOURCES as of DECEMBER 31, 2010 for ENERGULF RESOURCES INC In CERTAIN OIL PROSPECTS, LOTSHI BLOCK DEMOCRATIC REPUBLIC of CONGO Gross Prospective Oil Resources Summary
-------------------------------------------------------------
Pg Probability Adjusted Low P90 Best P50 High P10 Mean of Mean Estimate Estimate Estimate Estimate Geological Estimate (10(3) (10(3) (10(3) (10(3) Success, (10(3)Prospect bbl) bbl) bbl) bbl) Pg(decimal) bbl)------------- --------- --------- --------- --------- ------------ ---------
Dallas 23,441 53,333 125,268 67,139 0.235 15,791
Durango 9,790 22,394 50,455 27,692 0.183 5,065
Houston 12,560 28,353 61,876 34,630 0.180 6,223 I35 4,906 13,728 36,024 18,059 0.202 3,641
Midland 19,396 46,890 121,808 60,645 0.194 11,757
Odessa 20,858 46,652 108,142 57,772 0.178 10,256
Seabrook 14,811 36,842 93,765 47,237 0.196 9,255
Statistical Aggregate 207,679 299,368 428,573 313,176 0.198 61,988

The report does not consider the potential resource contribution from any reservoirs above the Loeme Salt, or from the Chela dolomite. The Chela dolomite is the main reservoir in the giant Rabi-Kounga field in Gabon and in smaller fields nearby in Cabinda. There have also been shows reported in the Chela in other wells near the Lotshi Block, but the stratigraphic position of the Chela directly underneath the Loeme Salt make it a difficult target to map seismically, and therefore for the purposes of this report, it is considered of significant, but secondary importance to the exploration targets considered therein.

DeGloyer MacNaughton will issue an updated report that includes Chela prospective resources when those data are provided, as EnerGulf has not fully developed its Chela prospects to date. The current report covers the targeted Bucomazi, Lucula and other pre-salt reservoirs.

Commenting on the DeGolyer and MacNaughton report, EnerGulf Chairman/CEO, Jeff Greenblum said, "We are very pleased with the DeGolyer and MacNaughton report and the 313 million barrel mean estimate of gross prospective oil resources on our west African pre-salt prospects. We are busy preparing for a September 2011 spud date for our first of an anticipated two or three well drill program. Our prospects are the result of a significant amount of new information and new geologic insights. In addition to the 200 km of new seismic acquired in 2010, we have reprocessed much of the existing seismic and have acquired a significant amount of remote-sensing data, including aeromagnetics, gravity, air-borne radiometric surveys and satellite-borne thematic mapping. This new information, coupled with the geological information emerging from on-going work in adjacent contract areas, has increased our confidence that the Lotshi Block contains all the critical elements for the next significant discovery in the region."

The estimates of the prospective resources have been prepared by D&M, an independent international petroleum consulting firm registered in the State of Texas. The report has been prepared in accordance with Sections 5.9 of NI 51-101, and is based upon D&M's review of technical data including geology, geophysics and reservoir parameters. The Low or P90 estimate is a 90% chance that an estimated quantity, such as prospective resources volume or associate value will be equaled or exceeded. The Best or P50 estimate is a 50% chance that an estimated quantity, such as prospective resources volume or associate value will be equaled or exceeded. The High or P10 estimate is a 10% chance that an estimated quantity, such as prospective resources volume or associate value will be equaled or exceeded. In accordance with petroleum industry standards, the Mean estimate is the probability-weighted average, which typically has a probability in the P45 to P15 range, depending on the variance of prospective resources volume or associated value. Therefore, the probability of a prospect or accumulation containing the probability-weighted average volume or greater is usually between 45 and 15 percent. The mean estimate is the preferred probabilistic estimate of resources volumes.

The D&M Prospective Resources report is available on the Company's website at www.energulf.com and is filed on SEDAR at www.sedar.com. EnerGulf recommends readers refer to the prospective resources report in its entirety as it details the process for determining the prospective resources estimates, the assumptions underpinning the modeling, and defines all of the technical terms used. The prospective resources estimates described in the report and in this release are "undiscovered resources" as defined in the Canadian Oil and Gas Evaluation ("COGE") Handbook. Undiscovered resources are defined as those quantities of oil and gas estimates on a given date to be contained in accumulations yet to be discovered. The estimate of the potentially recoverable portions of undiscovered resources are classified as prospective resources. Prospective resources are defined as those quantities of oil and gas estimated on a given date to be potentially recoverable from undiscovered accumulations.

In accordance with Section 5.9 of NI 51-101, the Company declares that there is no certainty that any portion of these prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

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

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures, financing and prospective resource estimates. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated private placements, the timing and amount of expenditures, business conditions, changes in business strategy, regulatory requirements, competition and economic conditions. The Company does not assume the obligation to update any forward-looking statement.

Neither the 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.

Contact:
Ben Curry
Progressive Investor Relations
604) 689-2881

Andrew Mugridge
Progressive Investor Relations
[phone]

[e-mail]

[Dr. King Schultz]

News: EnerGulf Commissions Resource Estimate for Lotshi Block and Assembles Drill Team

http://finance.yahoo.com/news/EnerGulf-Commissions-Resource-ccn-2125378526.html?x=0&.v=1

HOUSTON, TEXAS--(Marketwire - April 5, 2011) - EnerGulf Resources Inc. (the "Company") (TSX VENTURE:ENG - News; FRANKFURT:EKS - News) is pleased to provide an update on the Lotshi Block located onshore in the Democratic Republic of Congo ("DRC" ).

Following the completion of the Company's 2-D seismic program in late October 2010 and the first phase of mapping, EnerGulf's preliminary interpretation of the data indicates multiple prospects and drill targets located in the pre-salt Chela, Bucomazi and Lucula formations. To obtain a more complete understanding of the subsurface and develop optimal drilling locations, the seismic data is being integrated with state of the art high resolution gravity, aeromagnetic, radiomagnetic, and satellite-borne Thematic Mapper and Shuttle Radar Topography data. Initial interpretation of the available data suggests to management that potential hydrocarbon structures on the block are larger than previously thought.

DeGolyer and MacNaughton of Dallas, Texas has been engaged to provide an estimation of the prospective hydrocarbon resources in each of the drill sites being considered. The report should be completed in late April, 2011. The prospective resources estimates will be prepared using assumptions and methodology guidelines outlined in the Canadian Oil and Gas Evaluation Handbook, and in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"), and to conform to the definitions and guidelines of the 2007 Petroleum Resources Management System (PRMS). DeGolyer and MacNaughton is an international petroleum consulting firm that specializes in evaluation of reserves and resources for major and independent oil and gas companies, governments, financial institutions and the investment industry.

EnerGulf is also pleased to confirm that plans to conduct a 3 well drill program on the Lotshi Block in late summer 2011 are still on schedule. To assist in leading the drilling operations, EnerGulf has added Mr. Andy Bagot of Figure 3 Oil & Gas LLC as a consultant for drilling management and coordination. Mr. Bagot's 30 years in the oil and gas industry has provided him with vast experience in both domestic and international drilling and production operations. Mr. Bagot has held senior positions with, Goodrich Petroleum, Peoples Energy and Bridas Energy. He started his career at Phibro Energy and The Superior Oil Company.

To further facilitate a successful program, the Company has contracted the drilling project management firm, JWE (UK) Limited. JWE is staffed with drilling professionals experienced in Congo, and other frontier areas. Established in 1999, JWE has project managed the drilling of over 100 wells in 20 countries. Founder and Managing Director Richard Gray has 30 years experience having formally held senior positions with Amoco, Sun Oil, LASMO, Premier Oil and Burren Energy (an original founder of the M'Boundi field).

The Lotshi Block covers approximately 500 square km of the Les Zones du Bassin Cotier in the onshore coastal salt basin of western DRC. EnerGulf is the operator of the project and has a 90% interest. 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.

Commenting for EnerGulf, Chairman and CEO, Jeff Greenblum, said, "We are very pleased that all our hard work and investment involved in the Lotshi Block's seismic operations has yielded exciting prospects and drill targets. Our quest to obtain high impact oil and gas production results is progressing to the home stretch as we advance towards commencing the drilling program on our Lotshi property".

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, CEO/COB

Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company's operation 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. Readers are cautioned not to place undue reliance on these statements as they involve known and unknown risks, uncertainties and other factors that may cause a change in assumptions and the actual outcomes and estimates may be materially different from the estimated or anticipated future results, achievements or positions expressed or implied by those forward-looking statements. The Company disclaims any intentions or obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.

Contact:
Ben CurryProgressive Investor Relations(604) [e-mail]

[Dr. King Schultz]

News: Energulf Provides Update on Africa Projects

HOUSTON, TEXAS--(Marketwire - Feb. 2, 2011) - EnerGulf Resources Inc. (the "Company") (TSX VENTURE:ENG)(FRANKFURT:EKG) is pleased to provide project updates on the Lotshi Block in the Democratic Republic of Congo ("DRC") and Block 1711 offshore Namibia.

Lotshi Block – Onshore DRC:

State-of-the-art processing of the 2-D seismic that was acquired during the summer of 2010 has been completed. EnerGulf is currently interpreting and mapping the new seismic and integrating it with the older seismic data which we re-processed in 2009. We also plan to integrate the seismic data with the airborne gravity and magnetics data, which was acquired and processed in 2008-09. This work is expected to yield several drillable prospects by the 2nd Quarter 2011, in time for a drilling program which is anticipated to begin in the late summer. We are currently in the process of canvassing available drilling rigs and drilling engineering consultants for the drill program.

The Lotshi Block covers approximately 500 square km of the Les Zones du Bassin Côtier in the onshore coastal salt basin of western DRC. EnerGulf is the operator of the project and has a 90% interest. The Block is contiguous to Cabinda, Angola where Pluspetrol/ROC Oil Company have drilled 4 wells and encountered oil in the Chela formation on its Cabinda South Block which is immediately contiguous to the Lotshi Block's western boundary. They reported the Castanha-1 well struck light oil (33 API) over 15 gross metres below a depth of 2214 metres in the Chela formation, the Castanha-2 well drilled to a depth of 2,448m encountered a 21metre gross hydrocarbon column, the Castanha-3 well encountered a gross hydrocarbon column of approximately 7 metres, and the Castanha-4 well encountered a gross hydrocarbon column of approximately 15 metres. The Chela sands are a target formation for the Lotshi block. SOCO International has encountered oil shows to the north of the block in the Lower Bucomazi and the Chela formations. The Bucomazi formations are also targets in the Lotshi block.

The Lotshi Block is also on trend with the M'Boundi giant field in Republic of Congo and situated in a similar geological setting and is 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.

Block 1711 - Offshore Namibia:

EnerGulf, as interim operator of Block 1711, is coordinating the work program approved by the co-venturers to further evaluate the current and additional prospects, identify future drilling locations and consider potential re-entry of the Kunene #1. Most of the work is focused on properly evaluating the results of the Kunene #1 well and integrating this information with existing seismic data. The work also involves evaluating samples from the well for several different types of marine and terrestrial microfossils. A detailed petrographic study of samples from the side-wall cores, is almost complete. This new data is being evaluated and integrated with the available 3-D and 2-D seismic. Additional leads are also being developed and we expect various results to be ready in the 2nd Quarter 2011.

Block 1711 comprises 2.2 million acres and is situated in the Namibe basin off the northern coast of Namibia along the international boundary with Angola. EnerGulf has a 10% working interest in Block 1711.

EnerGulf's Chairman/CEO, Jeff Greenblum, comments, "EnerGulf is pleased to report that its exploration work programs for the Lotshi (DR Congo) and 1711 (Namibia) blocks are on schedule. This sets the stage for an exciting year of 2011 for EnerGulf. The Lotshi Block should soon be drill ready, and we are working towards spudding the 1st well of a possible 3 well drill program in late summer, 2011. The valuable geological work we are completing for Block 1711 should yield additional prospects and lead the way forward to unleash the potential of this outstanding 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, CEO/COB

Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company's operation 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. Readers are cautioned not to place undue reliance on these statements as they involve known and unknown risks, uncertainties and other factors that may cause a change in assumptions and the actual outcomes and estimates may be materially different from the estimated or anticipated future results, achievements or positions expressed or implied by those forward-looking statements. The Company disclaims any intentions or obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.


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.

For more information, please contact

Progressive Investor Relations
Ben Curry
[phone]
[e-mail]
www.energulf.com


http://www.marketwire.com/press-release/EnerGulf-Provides-Update-on-Africa-Projects-TSX-VENTURE-ENG-1389245.htm

[Dr. King Schultz]

Seems like things heat up again with Energulf.

Maybe action at block 1711 (drilling Hartmann)?
And drilling the Lothsi project should start soon...

[dukkey80]

EnerGulf Update Block 1711 Offshore Namibia

HOUSTON, TEXAS, Jun 17, 2010 (MARKETWIRE via COMTEX) -- EnerGulf Resources Inc. (TSX VENTURE: ENG)(FRANKFURT: EKS) ("EnerGulf"): EnerGulf is pleased to announce that the Operating Committee for Block 1711 met in Windhoek, Namibia and has approved a "Work Program" for Year 1 of the Exploration License renewal. The work program will commence immediately and is designed to fully evaluate the results of the Kunene #1 well and analyze their impact on the block. This will allow the co-venturers to identify future drill targets (including possible re-entry of the well), plan additional seismic and further evaluate the current and additional prospects.

EnerGulf reported on the completion of drilling activities of the Kunene #1 well, that significant hydrocarbon shows were encountered and management believes the results of operations has significantly enhanced the prospectivity of Block 1711 by demonstrating the presence of hydrocarbons.

The blocks co-venturers are: NACOR Investments Ltd. (70% - an affiliate of Sintez Group); EnerGulf Resources Inc (10%); PetroSA (10% - a national petroleum company of South Africa); NAMCOR (7% - the national petroleum company of Namibia) and, Kunene Energy (3% - the local BEE group).

EnerGulf's CEO, Jeff Greenblum, comments, "We have always been excited about Block 1711 and look forward to continuing our work to explore and develop the potential of this 2,200,000 acre block. The Kunene #1 was the first well in the Namibe Basin and confirmed the existence of hydrocarbons and a working petroleum system. We anticipate that the results of this work program will guide us towards a successful exploration and drilling program."

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

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 disclaims any intentions or obligations to update or revise any forward looking statements whether as a result of new information, future events, or otherwise.

Neither the 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.

Contacts:
Progressive Investor Relations
Ben Curry
[phone] begin_of_the_skype_highlighting [phone] end_of_the_skype_highlighting
[e-mail]
www.energulf.com


SOURCE: EnerGulf Resources Inc.

CONTACT: mailto:[e-mail]
http://www.energulf.com

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SUBJECT CODE: Energy and Utilities:Oil and Gas