Energulf Resources Inc. ENGFF

RE: Kunene - Dr. St. John ( conbis )

[BRITNICK27]

Found this a while ago.

In November last year, Sintez Group also acquired five prospecting licences to search for alluvial diamonds on the Namibian shelf. Sintezneftegaz signed a multi-million-dollar exploration deal with Namibia to look for oil and gas along the country's coastline in 2006. The US$84 million (69 million euros) deal marked the Moscow-based company's first venture into Africa, looking at an area off Namibia's northern border with Angola, which is sub-Saharan Africa's second largest oil producer. The agreement included the drilling of one well in Block 1711. Formerly held by the US-based Vanco Energy Company, Block 1711 has the potential to yield viable quantities of both oil and gas, according to industry specialists.

Vanco pulled out as its search for a strategic partner was unsuccessful. It left the Government with valuable seismic data, which was to the advantage of Sintez. Offshore oil exploration first started off the Namibian coast in 1968 leading to Chevron's discovery of the Kudu gas field in 1973. Further exploration only took place after Namibian independence in 1990 and two years later the first blocks for oil and gas exploration were awarded.

https://allafrica.com/stories/200801040482.html