90% interest of 500 Km
2 Oil 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 for 2 - 3 wells
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Block 1711 - Namibia
2.2 million acre offshore block, 15% interest
EnerGulf is the interim Operator
Netherland Sewell Prospective Resource Estimate as of December 31, 2011 - 3.166 billion barrel unrisked mean estimate
15 prospects, 3 independent plays
The next phase of exploration is a $12 - $15 million 3D
seismic program on the Southern part of the block to better
develop exciting drill targets