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Message: Re: Energulf portfolio recommendation

hi mineralfan,

here is a translation (done with google).

Dear reader,

Today we want you with the Canadian EnerGulf Resources (TSX: ENG: A0CAFR-TSX) will present an interesting oil and gas explorer. It operates off the coast of West Africa. First, EnerGulf has a 10% interest in Block 1711, which is located off the coast of Namibia. Block 1711 comprises an area of 8931 km ². Project partners are the next EnerGulf BEE group, the Russian-dominated Nakor Investments Ltd.. and the state oil companies from South Africa (Petro SA) and Namibia (Namcor), said EnerGulf is currently operator for the project. Within Block 1711 in the framework of seismic zones of 2 interesting studies related geological structures discovered: Kunene and Hartmann. After a long wait in mid-2009 drill results have been published for Kunene. The investigations were carried out by a subsidiary of U.S. group Schlumberger and identified a potential gas resource of 14 TCF (trillion cubic feet). Since June 2010 EnerGulf evaluated as the drilling operator to define completely from further drill targets. Also, the introduction of a new project partner in preparation.

The project is located Lotshi onshore near the coast of the Democratic Republic of Congo and is not far from the successful implementation of offshore oil fields in Cabinda, and Malongo tacular. EnerGulf has in this project a 90% interest and is cooperating with the state oil company from the Congo, the COHYDRO. Previous drilling by Shell and Fina Lotshi on the area revealed a gas discovery. EnerGulf announced in late October the completion of 200 km of seismic surveys which GII, the Geophysical Institute of Israel were carried out. Using the new findings to a drilling program for the Lotshi block are developed and implemented. Due to the existing cash holdings is expected to further drilling once the data analysis is complete and other targets in Block 1711 offshore Namibia and Lotshi were identified in the Congo. Both projects offer considerable potential.

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