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EnerGulf Amends Private Placement and Provides Update on Nigeria Block 252
12/15/05
HOUSTON, Dec 15, 2005 (BUSINESS WIRE) --
Further to the private placement of EnerGulf Resources Inc. (TSX VENTURE:ENG) announced on October 13, 2005, EnerGulf announces that, subject to regulatory approval, it has amended the price to $3.50 per unit for up to 500,000 units. All other terms of the private placement remain unchanged.
With respect to Nigeria Oil Prospecting License ("OPL") 252 (the "block"), the EnerGulf/Derock JV has been informed that it has been granted an extension until January 30, 2006 to pay the required signature bonus. EnerGulf has licensed the Veritas 3D seismic data covering the block, and as technical partner of the EnerGulf/Derock JV, is conducting a continuing evaluation, which is developing estimates as to the hydrocarbon potential of the block. Such analysis is being performed by EnerGulf`s geological and geophysical consultants, Digital Prospectors, under the direction of Dr. Bill St. John, EnerGulf`s Senior Advisor for African Exploration. EnerGulf is currently engaged in ongoing discussions with various parties, including qualified potential industry partners, regarding the future of the block. Developments will be made public as appropriate.
Commenting on current events, Jeff Greenblum, Chairman of EnerGulf`s Board of Directors said "We are in discussions with various parties regarding the future operations and financial obligations that are associated with signing OPL 252`s Production Sharing Contract (PSC). Progress has been made to date and these discussions are ongoing. However, an opportunity of this size and nature, presents complex issues and no assurances can be made at this time regarding the signing of the PSC."
On Behalf of the Board of Directors of
ENERGULF RESOURCES INC.
"Jeff Greenblum," Chairman of the Board
SOURCE: EnerGulf Resources Inc.
EnerGulf Resources Inc. James Askew, 888-822-8441 Fax: 604-801-5499 email: info@energulf.com website: www.energulf.com
Copyright Business Wire 2005
12/15/05
HOUSTON, Dec 15, 2005 (BUSINESS WIRE) --
Further to the private placement of EnerGulf Resources Inc. (TSX VENTURE:ENG) announced on October 13, 2005, EnerGulf announces that, subject to regulatory approval, it has amended the price to $3.50 per unit for up to 500,000 units. All other terms of the private placement remain unchanged.
With respect to Nigeria Oil Prospecting License ("OPL") 252 (the "block"), the EnerGulf/Derock JV has been informed that it has been granted an extension until January 30, 2006 to pay the required signature bonus. EnerGulf has licensed the Veritas 3D seismic data covering the block, and as technical partner of the EnerGulf/Derock JV, is conducting a continuing evaluation, which is developing estimates as to the hydrocarbon potential of the block. Such analysis is being performed by EnerGulf`s geological and geophysical consultants, Digital Prospectors, under the direction of Dr. Bill St. John, EnerGulf`s Senior Advisor for African Exploration. EnerGulf is currently engaged in ongoing discussions with various parties, including qualified potential industry partners, regarding the future of the block. Developments will be made public as appropriate.
Commenting on current events, Jeff Greenblum, Chairman of EnerGulf`s Board of Directors said "We are in discussions with various parties regarding the future operations and financial obligations that are associated with signing OPL 252`s Production Sharing Contract (PSC). Progress has been made to date and these discussions are ongoing. However, an opportunity of this size and nature, presents complex issues and no assurances can be made at this time regarding the signing of the PSC."
On Behalf of the Board of Directors of
ENERGULF RESOURCES INC.
"Jeff Greenblum," Chairman of the Board
SOURCE: EnerGulf Resources Inc.
EnerGulf Resources Inc. James Askew, 888-822-8441 Fax: 604-801-5499 email: info@energulf.com website: www.energulf.com
Copyright Business Wire 2005
... umgerechnet zu 2.90 ! € Energulf wird heute abgehen !
Das wird nicht der Fall sein....
3,50can.dol.sind keine 2,90 eursondern ca.2,5 eur
Kommt ganz auf den heutigen Can.dollar Kurs an
....habe ich richtig gelesen....verschoben zum Ende Januar???
Printmedien mal wieder ohne Plan...tz tz tz!
[posting]19.309.846 von printmedien am 16.12.05 08:57:35[/posting]schwachsinn...
manmanman, was für eine anfängerlabertasche die ständig einen auf dicke hose macht...
manmanman, was für eine anfängerlabertasche die ständig einen auf dicke hose macht...
Energulf ist ganz klar ein Abstiegstitel....Deshalb ist der Titel bis 1,5 Euro zu meiden..:O
1,5 nach Aktiensplitt bei 15 EUR
wenn dao wieder hervorgekrochen kommt ist bei ENG alles in Ordnung.....
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NEWS ENERGULF!!!!