EnerGulf provides drilling rig status

As previously reported Block 1711 project operator, Sintezneftegaz Namibia Ltd., contracted the drillship DeepVenture on behalf of itself and the other co-venturers on Block 1711 (EnerGulf, PetroSA and NAMCOR) to drill the Kunene #1 well. EnerGulf has been notified by the project operator, that Exxon has completed its drill program in Angola with the Deep Venture; however Exxon has various customs issues to sort out with the Angola customs authorities regarding the release of the vessel.

The operator is hopeful that the vessel should be released for the drilling of the Kunene #1 by next week. EnerGulf will update the status of the drill ship when it has received official notification the Deep Venture has been released and is underway to the drill site.

Block 1711 is situated in the Namibe basin off the northern coast of Namibia along the international boundary with Angola. The two separate exploration prospects, the Kunene and Hartmann, have been identified by extensive modern seismic data on the 893,100 hectare (2.2 million acre) block.