Petroleum Africa
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Friday, September 13, 2013
EnerGulf Resources is looking for a partner on its Lotshi Block in the DRC and toward that end has engaged Moyes & Co (UK) to assist it. Moyes & Co (UK) will aid in bringing in a strategic co-venturer for the development of the DRC block.
Christopher Moyes, project lead for Moyes & Co, comments, “The EnerGulf team has developed high value acreage in the West African pre-salt onshore and offshore play trend. EnerGulf has a 500-sq km property in the highly prospective DRC Coastal Basin, with the DRC and Cabinda onshore and offshore oilfields 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 CEO, 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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