Entek awarded GoM block

Entek Energy Limited has received notice from the United States Department of the Interior — Minerals Management Service, that its bid offered March 19, 2008 for Main Pass Area, South & East Addition, Block 252 (MP-252), has been accepted.

MP-252, located in 77 metres (253 feet) of water, contains a proven, but incompletely produced natural gas reservoir (El Capitan Prospect) at the relatively shallow depth of
approximately 2,438 metres (8,000 feet), plus a second proven natural gas reservoir, but in this case never before developed, at approximately 2,103 metres (6,900 feet).

The Company’s geological and geophysical consultant estimates recoverable proved, probable, and possible remaining reserves in MP-252 at approximately 45 BCFG from the incompletely produced reservoir, with a further 6.9 BCFG in the shallower undeveloped reservoir.

Entek is in the process of appointing a respected international petroleum reservoir evaluation consulting firm to evaluate MP-252 and independently certify the reserves quantities. This work is expected to be completed within 30 days.