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DALLAS, TEXAS -- (Marketwire) -- 04/26/12 -- EnerGulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) EnerGulf is pleased to announce that it has entered into a "Heads of Agreement" (HOA) with Africa Onshore Drilling Ltd. ("AOD") whereby AOD would provide a drill rig and related services for up to 3 wells for EnerGulf's upcoming 2012 drill program on its Lotshi Block in Democratic Republic of Congo ("DRC"). The HOA is subject to the parties executing a comprehensive "Drilling and Ancillary Services Agreement".
On May 11, 2011, EnerGulf reported the receipt of a 51-101 assessment of the Prospective Resources on EnerGulf's Lotshi Block with a mean estimate of 313 million barrels for the potentially recoverable oil on seven oil prospects on the Lotshi Block. The report was prepared by DeGolyer and MacNaughton (D&M), an independent international petroleum consulting firm located in Dallas, Texas (www.demac.com) and is available on SEDAR (www.sedar.com) and on the Company's website (www.energulf.com). EnerGulf is the operator of the project and has a 90% interest and COHYDRO, the state oil company of the DRC, holds a 10% carried interest.
On behalf of the Board of Directors, eom
NOW IF THEY COULD GET ONE FOR bLOCK 1711, TO THE MOON.....
GLTA
Fredericton... Priceless, for everything else thee's American Express.
GLTA
EnerGulf Resources Receives Second 2 Year Renewal Period on Block 1711 Offshore Namibia
Marketwire - Canada
DALLAS, TEXAS--(Marketwire - March 29, 2012) - Energulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) ("the Company") is pleased to announce the Company has received from the Minister of Mines and Energy of the Republic of Namibia for Block 1711, the second two year renewal period, from March 31, 2012 to March 31, 2014.
EnerGulf recently announced the Company received a prospective oil resources report for four prospects and nine leads on Block 1711, Offshore Namibia, including a mean estimate of 3.166 Billion barrels of potentially recoverable oil (see EnerGulf News Release February 21, 2012). The report was prepared by independent oil and natural gas reservoir engineers Netherland Sewell and Associates, Inc. ("NSAI") of Dallas, Texas (www.netherlandsewell.com) and is available on SEDAR (www.sedar.com) and on the EnerGulf website (www.energulf.com).
NSAI estimates the unrisked gross (100 percent) prospective oil resources for the prospects and leads as of December 31, 2011, to be:
Gross (100%) Unrisked Prospective Oil Resources (MMbbl)
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Low Estimate Best Estimate High Estimate Mean
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Total 742 2,749 6,108 3,166
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Block 1711 comprises 2.2 million acres (8,900 square km) and is situated in the Namibe basin off the northern coast of Namibia along the international boundary with Angola. The co-venturers in Block 1711 are currently EnerGulf 15% (with a possible additional 4%), PetroSA 10%, NAKOR 10% (carried), NAMCOR 7% (carried), HRT 2.7% and Kunene Energy .3% (carried). EnerGulf has been granted the authority to market and negotiate the terms for the remaining 51% to 55% interest in Block 1711 with potential qualified industry participants with the consent of the Namibian Ministry of Mines and Energy. EnerGulf will continue as the interim Operator under the Joint Operating Agreement (EnerGulf News Release October 12, 2011).
On behalf of the Board of Directors,
EnerGulf Resources Inc.
Jeffrey L. Greenblum, Chairman & CEO
Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to EnerGulf's operations 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 and readers are cautioned not to place undue reliance on these statements. EnerGulf disclaims any intentions or obligations to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
The Buick GroupJonathan Buick
(416) 915-0915
jbuick@buickgroup.comProgressive Investor Relations
Ben Curry
(604) 689-2881
info@energulf.comwww.energulf.com
January 16, 2012 - 8:30 AM EST
V.UGD
0.305 
-0.03
Today
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1m
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TORONTO, ONTARIO -- (Marketwire) -- 01/16/12 -- Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to announce additional results from the 2011 drilling program at its wholly owned Candelones Project, Neita Property in the Dominican Republic.
Significant results are reported for drill holes LP17 and LP20. The holes were targeted to extend the known mineralization using Unigold's recently acquired IP survey, combined with improved geological knowledge. Assay results from the core obtained at the Candelones Extension (Lomita Pina) are reported in the table below. The best results are 73.0 m @ 2.36 g/t gold in hole LP17 and 20.0 m @ 2.74 g/t gold plus 37.0 m @ 1.48 g/t gold in hole LP20. The deposit remains open along strike in both directions and down dip.
"These exciting drill results, in terms of their true width, grade consistency, and strike extent - now extending the mineralized zone at the Candelones Extension (Lomita Pina) to nearly 1.0 km in length - show considerable promise at the property," noted Andrew Cheatle, Unigold's new President and Chief Executive Officer. "We are enthusiastically returning to the area and starting the year with a 10,000 m drill program to test both strike and dip extent."
Table: Significant Drill Results from Candelones Extension (Lomita Pina)
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From To Interval Au
Drill Hole (m) (m) (m) (g/t) Comments
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LP17 252.0 325.0 73.0 2.36 South of dyke
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LP18 200.0 260.0 60.0 1.30 South of dyke
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LP19 96.0 120.0 24.0 0.36 North of dyke
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LP20 60.0 80.0 20.0 2.74 North of dyke
Including 60.0 68.0 8.0 6.25
and 121.0 158.0 37.0 1.48
----------------------------------------------------------------------------
Notes: Intervals indicate true width. Holes drilled at approximately 330
degrees Azimuth and dips of -50 degrees to -70 degrees. See Appendix for
all drill results from Candelones Extension (Lomita Pina) including those
from previous press releases.
At the end of the 2011 drill program, LP17 was extended from 333 m to 450 m and intersected a further 100 m of sulphide mineralization. Assay results are pending.
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/ugd0116fig1.pdf.
To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/ugd0116fig2.pdf.
Geological Setting
Gold mineralization occurs within Unigold's Neita concession, located within the Central Cordillera of Hispaniola. In the most general sense, the rocks of Hispaniola represent Cretaceous arc complexes that migrated eastward, along with an oceanic plateau, from the Pacific to the Atlantic ocean where they collided with the southern margin of North America. The geology of the property reflects this complex history.
Within the project area, diffusely-bedded dacitic tuff and hyaloclastite breccia are intercalated with marine sedimentary rocks and all are intruded by andesitic sills. These rocks, and their andesitic basement, were overthrust by high-magnesium basalts, related terrestrial sediments, and ophiolitic rocks. They were deformed several times to create complex fault patterns and three different sets of folds. The two older sets of folds are recumbent to isoclinal and are crudely coaxial with W-NW trends. The third set of folds are broad open folds of northerly trend, which provide down-plunge views through the older folds and thrust faults. Economic values of gold mineralization at the property occur within the dacitic breccias.
Quality Assurance/Quality Control and Qualified Person
All diamond drill core samples were assayed at the Acme Analytical Laboratories facility in Chile utilizing standard fire assay procedures. The Company has also implemented a quality assurance and quality control ("QA/QC") program to ensure that sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The drill core is cut in half with one-half of the core sample shipped to Acme. The remaining half of the core is kept for future assay verification, geological investigation and/or metallurgical testing. The QA/QC procedures also include the insertion of blind blanks and standards into the sample stream.
Technical information in this press release was reviewed and approved by Andrew Cheatle, P.Geo., President and Chief Executive Officer at Unigold, who is a qualified person under the definitions established by National Instrument 43-101.
About Unigold Inc. - Discovering Gold in the Caribbean
Unigold is a growth-oriented junior natural resource company, focused primarily on exploring and developing its gold assets in the Dominican Republic - a country which is highly prospective for gold mineralization.
Forward-looking Statements
Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like "strategy", "expects", "plans", "believes", "will", "estimates", "intends", "projects", "goals", "targets", and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this document are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbour for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995.
Appendix - Tabulation of all drill results from the Candelones Extension (Lomita Pina)
----------------------------------------------------------------------------
Reported in
From To Interval Au press release
Drill Hole (m) (m) (m) (g/t) dated:
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----------------------------------------------------------------------------
LP01 11.0 17.0 6.0 3.1 June 14, 2010
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LP02 42.0 51.0 9.0 1.0 June 14, 2010
----------------------------------------------------------------------------
LP03 NSV June 14, 2010
----------------------------------------------------------------------------
LP04 75.0 77.0 2.0 1.3 June 14, 2010
----------------------------------------------------------------------------
LP05 41.0 70.0 29.0 0.7 June 14, 2010
----------------------------------------------------------------------------
LP06 139.0 141.0 2.0 0.6 June 14, 2010
----------------------------------------------------------------------------
LP07 92.0 144.0 52.0 1.4 June 14, 2010
----------------------------------------------------------------------------
LP08 239.0 247.0 8.0 1.6 June 22, 2010
----------------------------------------------------------------------------
LP09 37.0 87.0 50.0 1.1 June 22, 2010
----------------------------------------------------------------------------
LP10 95.0 159.0 64.0 1.4 November 30, 2010
----------------------------------------------------------------------------
LP11 156.0 173.0 17.0 0.2 November 30, 2010
----------------------------------------------------------------------------
LP12 57.0 64.0 7.0 1.0 November 30, 2010
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LP13 129.0 183.0 54.0 0.4 November 30, 2010
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LP14 26.0 40.0 14.0 0.1 March 3, 2011
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LP15 210.0 285.0 75.0 1.4 March 3, 2011
----------------------------------------------------------------------------
LP16 43.0 75.0 32.0 0.4 March 3, 2011
----------------------------------------------------------------------------
LP17 252.0 325.0 73.0 2.36 January 16, 2012
----------------------------------------------------------------------------
LP18 200.0 260.0 60.0 1.30 January 16, 2012
----------------------------------------------------------------------------
LP19 96.0 120.0 24.0 0.36 January 16, 2012
----------------------------------------------------------------------------
LP20 60.0 80.0 20.0 2.74 January 16, 2012
Including 60.0 68.0 8.0 6.25
and 121.0 158.0 37.0 1.48
----------------------------------------------------------------------------
Notes: Intervals indicate true width
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Unigold Inc.
Mr. Andrew Cheatle
President and CEO
+1 (416) 866-8157
unigold@unigoldinc.com
www.unigoldinc.com
News by QuoteMedia
Koetjeboe, hope you don't mind but I copied your posts on STOCKIGLOO and hopefully will get some clarification.
I'm not 100% certain but you should have received the MIC (or your broker) and the BLUE proxy form which contains your "CONTROL NUMBER". You can vote on-line at "www.proxyvote.com.
A share holder is a share holder and I don't understand why you are not eligable to vote.
Just to qualify the above I am not a member of the CSC.
Good luck.