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A Look At Our Neighbour: EnerGulf Resources Announces Strategic Exploration Agreement For Namibia Offshore Block
EnerGulf Resources Inc. (TSXV:ENG,FWB:EKS) has announced a strategic exploration agreement between Gazania 148 Investments (Pty) Ltd and EnerGulf Namibia Ltd., a 100 percent owned subsidiary of EnerGulf, for Offshore Block 1711, Republic of Namibia. As part of the agreement, a negotiated joint operating agreement for Block 1711 has been submitted to the Ministry of Mines and Energy and NAMCOR for review and approval. The terms of the Petroleum Agreement grant EnerGulf a 15 percent working…
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