EnerGulf Resources Inc.
TSX VENTURE : ENG
FRANKFURT : EKS

EnerGulf Resources Inc.

September 09, 2010 08:30 ET

EnerGulf Appointed Interim Operator Offshore Block 1711 Namibia

HOUSTON, TEXAS--(Marketwire - Sept. 9, 2010) - EnerGulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) ("EnerGulf") is pleased to announce the Ministry of Mines and Energy of Namibia has appointed EnerGulf as interim Operator of offshore Block 1711. As interim Operator, EnerGulf will continue and complete the full and thorough analysis of the Kunene #1 drilling and testing. The resulting geological information will be used to further evaluate the current and additional prospects, identify future drilling locations and consider potential re-entry of the Kunene #1.

EnerGulf reported on the completion of drilling activities of the Kunene #1 well, that significant hydrocarbon shows were encountered. Management thereby believes the results of operations has significantly enhanced the prospectivity of Block 1711. The block's co-venturers are: NACOR Investments Ltd. (70% - an affiliate of Sintez Group); EnerGulf Resources Inc (10%); PetroSA (10% - a national petroleum company of South Africa); NAMCOR (7% - the national petroleum company of Namibia) and, Kunene Energy (3% - the local BEE group).

EnerGulf's Chairman/CEO, Jeff Greenblum, comments, "Coupled with our ongoing exploration operations on our Lotshi Block in Democratic Republic of Congo, we are excited about the opportunity to manage the operations of offshore Block 1711 as interim Operator. The geological similarities of Block 1711 to offshore Brazil, and our discovery of an active hydrocarbon system suggest high value potential for the block. Our work program is committed to capture this prospective world class value."

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.

On Behalf of the Board of Directors of EnerGulf Resources Inc.

Jeff Greenblum, Chairman and CEO

Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to EnerGulf's operations as an oil and gas exploration company that may cause future results to differ materially from those expressed or implied by those forward-looking statements and readers are cautioned not to place undue reliance on these statements. EnerGulf 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 the 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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