90% interest of 500 Km₂Oil and Gas
Production Sharing Contract covering a pre salt rift graben
DeGolyer and MacNaughton Prospective Resource Report: 313.2 million/bbls mean estimate. 7 Prospects, 4 independent plays
Seismic program completed in 2010
On trend with the M’Boundi giant field in the Republic of Congo and situated in a similar geological setting
EnerGulf is the operator
Drill program scheduled to begin 2012
Block 1711 - Namibia
2.2 million acre, deep offshore Oil and Gas Production Sharing Contract – 15% to 19% interest
Upon completion of the Kunene #1 exploration well in August 2008, the company announced the discovery of an active hydrocarbon system in the previously unexplored Namibe Basin
Comprehensive Evaluation of Kunene #1 and Block 1711 commenced in 2011
Netherland Sewell Resource Estimate as of January 2006, undrilled Hartmann Prospect, 93,000 acres of closure – unrisked best estimate- 2,704 MMBO or 14,064 BCF
EnerGulf is the interim operator