EnerGulf Resources, Inc. E NER G ULF EnerGulf: Directors Jeffrey - - PowerPoint PPT Presentation

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Frontier Plays in Congo and Offshore Namibia

EnerGulf

Resources, Inc.

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EnerGulf: Directors

• Jeffrey L. Greenblum: Chairman of the

Board, CEO

• Clive Brookes: Director, CFO
• Tom Fetters: Director
• Joe Soliz: Director

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EnerGulf: Technical Staff

• The Honorable Andimba Toivo Ya Toivo: Senior Advisor for

African Affairs

• Dr. Yves Neuville : Special Advisor to the Chairman and CEO
• Dr. Joe Davis: Geologist, Digital Prospectors
• Dr. James Edwards: Senior Advisor for Exploration and

Acquisitions

• Israel Hernandez: Senior Advisor for deepwater drilling,

engineering, and operations

• Prof. Albert Ongendangenda: Director General – EnerGulf

Congo SARL - Kinshasa office

• Andy Bagot, Drilling Management and Coordination

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Management and Staff Experience

 Experience at big and mid oil: Exxon, Mobil, Philips,

BP, BHP, Arco, UNOCAL, Triton, United Meridian, Ocean Energy, etc.

 Government Experience: DOE, DOC, USGS; Namibia

Ministry of Mines & Energy; DRC

 Regional Play Experience: West Africa and Deep

Offshore

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LOTSHI BLOCK

Democratic Republic of Congo

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EnerGulf – Operator, 90% WI Cohydro 10% (carry)

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Block area - 500 km2

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Perenco production from DRC, 28,000 bo/d

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Recent exploration activity in Cabinda South block by ROC oil (now Petroplus) – successful wells

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M’boundi field on trend

Lotshi Block

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West Congo Area Play

M’boundi / Lotshi

In 2007, ENI purchased Burren Energy, owner of apprx 31% of field for $3.6B and paid Muriel & Prom $1.4B for apprx 44% of the field. In 2010, ENI farmed into 55% of the block contiguous and south of LotshiThe Chela Dolomite produces from the giant Rabi-Kounga field in Gabon and smaller fields in Gabon.

• The giant M’boundi field in the Republic of Congo

produces from a sand stratigraphically equivalent to the Lucula.

• The giant Malongo field offshore Cabinda

produces primarily from Lucula-equivalent sands.

• The Lacula Formation also has mature source

shales in the area.

• The Bucomazi has mature source rocks in the

area as well as reservoir-quality sands.

• The basement wash unit has produced oil at Lindu

and from wells onshore Cabinda.

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Lotshi Block 2011 Drill Program

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Prospects include a 4-way structural closure, a 3-way closure, and stratigraphic trap. – Each prospect represents an independent play compared to what has been previously tested in the area, and addresses the main cause of prospect failures to date (inadequate trap/seal). – The Lucula Formation is one of the primary targets in each prospect. The Bucomazi is also a primary target in one prospect and fractured basement or “basement wash” is a primary target in two of the prospects. The Chela Dolomite is a secondary target in each prospect. – Dallas Prospect – 2300 m – Other Prospects – 1500 m – Approximate 30 days to drill each – Current pro forma AFE – apprx. $8.5 million per well – Commence drilling operations – apprx. beginning of September

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Continue drill program in 2012 based on 2011

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EnerGulf Work Program

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Conducted airborne magnetics and airborne gravity data over block in 2008

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Completed 2D seismic survey in October of 2010

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Prospective resource report completed May 2011

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Plan to drill 2-3 wells in 2011

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BLOCK 1711 OFFSHORE NAMIBIA

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Northernmost Offshore Block in Namibia Namibe Basin – No previous exploration drilling. Interim Operator: EnerGulf 10% WI Co-Venturers: NAKOR - 70% WI PetroSA – 10% WI Namcor – 7% (carry) HRT Kunene Energy (BEE) – 3% (carry)

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Namibia Block 1711

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Block 1711 Geologic Setting

Atlantic Ocean

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Deep Venture Drill Ship

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Water Depth – 772 m Spud – April 9, 2008 TD @ 5050 m, July 19, 2008 Testing - August 7-25, 2008 (EnerGulf non-consented) Rig released September 7, 2008 Well Status - P&A-suspended

Kunene 1

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Kunene #1 Results

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Working petroleum system

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Tested 23,000-acre structure on a 2,200,000-acre block

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Detailed well results pending completion of the operator’s evaluation

Kunene Prospect Hartmann Prospect

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1711 Other Prospects

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Several other prospects have been identified on the block

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Evaluate these prospects in light of Kunene 1 results

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Santos and Namibe Basins were juxtaposed during early Atlantic Ocean

• rifting. Re-evaluate 1711 in light of

major oil discoveries recently in the Santos Basin in Brazil.

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Both EnerGulf blocks are located in rift basins that are not only on-trend to producing basins in West Africa, but are conjugate to key rift basins in Brazil.

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Corporate Structure

Capitalization as of May 3 2011 Issued and Outstanding: 65,521,641 Warrants: 14,030,247 Options: 6,390,000

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EnerGulf Resources Inc.

TSX.V (Toronto Exchange) – ENG Frankfurt - EKS

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Disclaimer

Certain disclosure in this release, including the private placement, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company’s operation 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. Readers are cautioned not to place undue reliance on these statements as they involve known and unknown risks, uncertainties and other factors that may cause a hinge in assumptions and the actual

• utcomes and estimates may be materially different from the estimated or anticipated future results, achievements or

positions expressed or implied by those forward-looking statements. The Company disclaims any intentions or

• bligations to update or revise any forward-looking statements whether as a result of new information, future events
• r otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
• f the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.