EnerGulf Resources - New Prospective Resource Estimates for Block 1711 Offshore Namibia - Mean Estimate 3.166 Billion Barrels

abarrelfullabarrelfull wrote on 27 Feb 2012 07:06
Tags: energulf namibia upstream

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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)

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