December 30, 2011 – EnerGulf Grants Stock Options
(Vancouver, BC) EnerGulf Resources Inc. (TSXV: ENG) EnerGulf has granted stock options exercisable to purchase up to 910,000 of its common shares to certain of its directors, officers and consultants under its 2011 Plan. The options are exercisable for a period of five (5) years at a price of $0.66 per share and are subject to vesting in accordance with the policies of the TSX Venture Exchange and the 2011 Plan.
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 worldâ€™s most prospective hydrocarbon regions.
On Behalf of the Board of Directors of
ENERGULF RESOURCES INC.
“Clive Brookes”, Director