EnerGulf Resources has 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.
Block 1711 is situated in the Namibe Basin off the northern coast of Namibia along the international boundary with Angola. There is increasing evidence that the hydrocarbon plays identified offshore Namibia (and Angola) mirror the rich resources located offshore Brazil, including pre-salt reservoirs.