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To: Goose94 who wrote (1701)9/11/2013 9:18:10 AM
From: Goose94Read Replies (1) | Respond to of 203329
 
EnerGulf Resources (ENG-V) hires Moyes to arrange Lotshi JV

Sept 11, 2013 - News Release

EnerGulf Resources Inc. has retained Moyes & Co. (U.K.) Ltd. to assist in facilitating a transaction with a strategic co-venturer for the development of EnerGulf's Lotshi block in the Democratic Republic of Congo (DRC). Moyes & Co. has 30 years of worldwide consulting experience in the oil and gas industry. With over 550 transactions completed and projects evaluated in all major basins in the world, Moyes & Co. has established an international reputation for superior transaction advice. Christopher Moyes, project lead for Moyes & Co., commented: "The EnerGulf team has developed high-value acreage in the west African presalt onshore and offshore play trend. EnerGulf has a 500-square-kilometre property in the highly prospective DRC Coastal basin, with the DRC and Cabinda onshore and offshore oil fields to the west and north, oil seeps reported in the block, and a highly encouraging technical evaluation from DeGolyer & MacNaughton and Digital Prospectors Inc. The technical work has developed multiple drill-ready prospects and leads with independent play types, and the potential for stacked reservoir targets. Moyes is very excited about the potential of EnerGulf's Lotshi interest and working with EnerGulf on this project."

Jeff Greenblum, EnerGulf chairman and chief executive officer, said: "Moyes & Co. has a proven track record in facilitating oil and gas exploration and development joint venture transactions. We look forward to working with Moyes and leveraging its past success to find a qualified co-venturer for our Lotshi block."

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