EnerGulf Resources Inc. has been notified by the operator of the Kunene #1 well on Block 1711 offshore Namibia, Sintezneftegaz Namibia Ltd., that the drillship D/S Deep Venture is now expected to continue drilling for oil and gas beyond the previously announced mid June estimate to reach a total depth of 4,400 meters. The 4,400 meter total depth is now anticipated early July. A decision to then continue drilling to a depth of approximately 5,500 meters has not yet been determined.
The Republic of Namibia has classified the Kunene #1 as a "tight hole", meaning no information regarding the well may be released until such time as the Namibian government determines to make the information public.
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 world's most prospective hydrocarbon regions.
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