EnerGulf updates Kunene #1

EnerGulf, a Yukon registered company with wholly owned subsidiaries EnerGulf Corporation (Texas) and EnerGulf Africa Ltd has been notified by the operator of the Kunene #1 well on Block 1711 offshore Namibia, Sintezneftegaz Namibia Ltd., that the well 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.