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Energulf Resources Inc. ENGFF

Energulf Resources Inc is an oil and gas exploration company. Along with its subsidiaries, the company acquires and develops oil and gas projects in the Gulf of Mexico in Africa and Albania. The company's assets are located in Canada, Namibia, Albania and the Democratic Republic of Congo. Majority of the revenue is derived from the properties in Canada.


GREY:ENGFF - Post by User

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Post by Columbus1494on May 21, 2010 11:25am
576 Views
Post# 17121960

Development of 1711 discussed in meeting in Russia

Development of 1711 discussed in meeting in Russiahttps://www.rbcdaily.ru/2010/05/21/focus/480114


In the focus Pokhamba in the Kremlin Dmitriy Medvedev cleared “[Rosatomu]” road into Namibia Yesterday President Dmitriy Medvedev accepted associate from Namibia To [khifikepune] To [pokhambu]. Russian companies have long ago beckoned the natural reserves of this country, rich in diamonds and by uranium. Thus, “[Rosatom]” it is ready to invest into local uranium layers on the order of 1 billion dollars. In the Kremlin To [khifikepune] [Pokhambe], of course, they could not show the same merry method, which year ago waited Dmitriy Medvedev in Namibia. There local dancers danced so igniting, that the President then acknowledged: itself “was ready to be joined, but the sensation of state visit did not allow”. In Moscow they traditionally limited by orchestra. One of the Kremlin musicians in the conversation with [RBK] of daily recalled that “ten years ago already they arrived from Namibia”. Actually, in 1998 Russia visited the first President of the country Sam [Nuyom], and then they placed basis for joint [almazodobychi] (in Namibia it now works BY [ALROSA]). This time to Moscow arrived its successor - 75- summer war veteran for the independence To [khifikepune] Of [pokhamba]. The main theme of his visit were no longer diamonds, but uranium. Memorandum about joint reconnaissance and mining of uranium yesterday was signed by the first of the documents. In the Kremlin they also concluded agreement along the line Of [rosrybolovstva] (fishing tackle - main goods of Russian export into Namibia), agreement about the development of tourism and document about the collaboration in the formation. Through Russian VUZ (Institute of Higher Education) past of almost 2 thousand Namibians, including the prominent functionaries of local government. Dmitriy Medvedev meanwhile emphasized that the main projects are in front. Thus, according to him, Russians are ready to construct in Namibia two GES the plant of the mineral fertilizers, and [RZHD] waits [tekhzadaniya] on the reconstruction of railroad from Wallfish Bay to [Tsumeba] (on the order of 600 km). After describing, with what heat Namibian officials recall about the studies in the USSR, the President promised, that Russia further will allow to allowance to the studies. Moreover, Moscow is ready to send its instructors into Namibia. “Our people denied formation, honestly recognized Mr. [Pokhamba]. - We want so that you, Mr. the President, would help us in the development of human of service lives. Then we are able independently to survive and to be developed”. Not are less sincerely the President of Namibia, the personally headed staff of the armed units of liberation movement, he thanked “this great country” for help in the fight for the independence. “[AK]-47 led us to the independence!” - it recalled the past battles. Now free Namibia “much can propose”, first of all resources. As described [RBK] of daily a participant in the negotiations, in Namibia they year ago found gas field. The participation of Russia in its development also is discussed, but “there thus far very early stage”. All main hopes are connected with uranium. First, Russians in the person [ARMZ] are intended to continue its independent reconnaissance and output, reported to journalists head “[Rosatoma]” Sergey Kirienko. In the second place, go the negotiations about the purchase of fraction in the already open layers (reserves - several hundred thousands of tons) and about the participation in the tenders. “If we reach the successes in the negotiations, we are ready to put into Namibia of approximately 1 billion dollars, stated Sergey Kirienko. - This and the development of output, and the creation of production on the primary processing, and training of personnel. If everything goes successfully, already in this year we expect to leave for signing and to begin to invest”.
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