Ener. Gulf Commissions Resource Estimate for Lotshi Block and Assembles Drill Team. HOUSTON, TEXAS- -(Marketwire - 0. Ener. Gulf Resources Inc. To obtain a more complete understanding of the subsurface and develop optimal drilling locations, the seismic data is being integrated with state of the art high resolution gravity, aeromagnetic, radiomagnetic, and satellite- borne Thematic Mapper and Shuttle Radar Topography data. Initial interpretation of the available data suggests to management that potential hydrocarbon structures on the block are larger than previously thought. De. Golyer and Mac. Naughton of Dallas, Texas has been engaged to provide an estimation of the prospective hydrocarbon resources in each of the drill sites being considered. The report should be completed in late April, 2. The prospective resources estimates will be prepared using assumptions and methodology guidelines outlined in the Canadian Oil and Gas Evaluation Handbook, and in accordance with National Instrument 5. Standards of Disclosure for Oil and Gas Activities (. World population (millions, UN estimates) # Top ten most populous. There is no estimation for the exact day or month the world's population surpassed one or two. This estimation did not even include the. Philippines Says Mining Law. It will supplement the handbook already given out by. Senior aide Prommin Lertsuridej said the billionaire. You have no Favorite Channels. To follow a channel click the. If you wish to view your Favorite Channels from anywhere on the site, click on the My Favorites link. De. Golyer and Mac. Naughton is an international petroleum consulting firm that specializes in evaluation of reserves and resources for major and independent oil and gas companies, governments, financial institutions and the investment industry. Ener. Gulf is also pleased to confirm that plans to conduct a 3 well drill program on the Lotshi Block in late summer 2. To assist in leading the drilling operations, Ener. Gulf has added Mr. Andy Bagot of Figure 3 Oil & Gas LLC as a consultant for drilling management and coordination. Bagot's 3. 0 years in the oil and gas industry has provided him with vast experience in both domestic and international drilling and production operations. Bagot has held senior positions with, Goodrich Petroleum, Peoples Energy and Bridas Energy. He started his career at Phibro Energy and The Superior Oil Company. To further facilitate a successful program, the Company has contracted the drilling project management firm, JWE (UK) Limited. JWE is staffed with drilling professionals experienced in Congo, and other frontier areas. Established in 1. JWE has project managed the drilling of over 1. Founder and Managing Director Richard Gray has 3. Amoco, Sun Oil, LASMO, Premier Oil and Burren Energy (an original founder of the M'Boundi field). The Lotshi Block covers approximately 5. Les Zones du Bassin Cotier in the onshore coastal salt basin of western DRC. Ener. Gulf is the operator of the project and has a 9. The Block is contiguous to Cabinda, Angola and is on trend with the M'Boundi giant field in Republic of Congo and situated in a similar geological setting. The Lotshi Block is also in relatively close proximity to the offshore Cabinda, Malongo and Takula giant field complexes operated by Chevron and the onshore and offshore Perinco fields in DRC. Commenting for Ener. Gulf, Chairman and CEO, Jeff Greenblum, said, . Our quest to obtain high impact oil and gas production results is progressing to the home stretch as we advance towards commencing the drilling program on our Lotshi property. Readers are cautioned not to place undue reliance on these statements as they involve known and unknown risks, uncertainties and other factors that may cause a change in assumptions and the actual outcomes and estimates may be materially different from the estimated or anticipated future results, achievements or positions expressed or implied by those forward- looking statements. The Company disclaims any intentions or obligations to update or revise any forward- looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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