EnerGulf Resources Inc. provides an operational update on Block 1711, located offshore Republic of Namibia, Africa.
The Ministry of Mines and Energy of the Republic of Namibia has advised the partners by letter of their ”Environmental Clearance” for the project. The Environmental Impact Assessment Report (“EIA”) was prepared by Risk Based Solutions of Namibia on behalf of the Block 1711 partners.
Other work specified in previously awarded contracts necessary for the drilling of the first well is continuing on a timely basis and various oilfield equipment is being procured.
Jeff Greenblum, EnerGulf Chairman of the Board, states “The preparations for drilling Block 1711 continues to progress with the Ministry’s acceptance of the EIA. The partners continue to assess rig availability options that will provide for reliable and efficient drilling of the first test well on this exciting project.“
Block 1711 is situated in the Namibe basin off the northern coast of Namibia along the international boundary with Angola. The two separate exploration prospects, the Kunene and Hartmann, have been identified by extensive modern seismic data on the 893,100 hectare (2.2 million acre) block. Based on a Prospective Resource Assessment provided by Netherland Sewell & Associates, Inc. the partners are targeting a potential multi-billion barrel oil and gas resource on Block 1711. EnerGulf has a 10% working interest in Block 1711.
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