EnerGulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) EnerGulf is pleased to
announce that it has entered into a "Heads of Agreement" (HOA) with Africa
Onshore Drilling Ltd. ("AOD") whereby AOD would provide a drill rig and related
services for up to 3 wells for EnerGulf's upcoming 2012 drill program on its
Lotshi Block in Democratic Republic of Congo ("DRC"). The HOA is subject to the
parties executing a comprehensive "Drilling and Ancillary Services Agreement". 


On May 11, 2011, EnerGulf reported the receipt of a 51-101 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.


On behalf of the Board of Directors,

EnerGulf Resources Inc.

Jeffrey L. Greenblum, Chairman & 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.


Energulf Resources Inc. (TSXV:ENG)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Energulf Resources Inc..
Energulf Resources Inc. (TSXV:ENG)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Energulf Resources Inc..