ENERGULF

Frontier Plays in Congo and

Offshore Namibia

EnerGulfResources, Inc.

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EnerGulf: Directors

• Jeffrey L. Greenblum: Chairman of the Board, CEO

• Clive Brookes: Director, CFO

• Tom Fetters: Director

• Joe Soliz: Director

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EnerGulf: Technical Staff

• The Honorable Andimba Toivo Ya Toivo: Senior Advisor for African Affairs

• Dr. Yves Neuville : Special Advisor to the Chairman and CEO

• Dr. Joe Davis: Geologist, Digital Prospectors

• Dr. James Edwards: Senior Advisor for Exploration and Acquisitions

• Israel Hernandez: Senior Advisor for deepwater drilling, engineering, and operations

• Prof. Albert Ongendangenda: Director General – EnerGulf Congo SARL - Kinshasa office

• Andy Bagot, Drilling Management and Coordination

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Management and

Staff Experience

Experience at big and mid oil: Exxon, Mobil, Philips, BP, BHP, Arco, UNOCAL, Triton, United Meridian, Ocean Energy, etc.

Government Experience: DOE, DOC, USGS; Namibia Ministry of Mines & Energy; DRC

Regional Play Experience: West Africa and Deep Offshore

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LOTSHI BLOCK

Democratic Republic of Congo

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EnerGulf – Operator, 90% WI

Cohydro 10% (carry)

Block area - 500 km2

Perenco production from DRC, 28,000 bo/d

Recent exploration activity in Cabinda South block by ROC oil (now Petroplus) – successful wells

M’boundi field on trend

Lotshi Block

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West Congo Area PlayM’boundi / Lotshi

In 2007, ENI purchased Burren Energy, owner of

apprx 31% of field for $3.6B and paid Muriel &

Prom $1.4B for apprx 44% of the field.

In 2010, ENI farmed into 55% of the block

contiguous and south of LotshiThe Chela Dolomite

produces from the giant Rabi-Kounga field in

Gabon and smaller fields in Gabon.

•The giant M’boundi field in the Republic of Congo

produces from a sand stratigraphically equivalent to

the Lucula.

•The giant Malongo field offshore Cabinda

produces primarily from Lucula-equivalent sands.

•The Lacula Formation also has mature source

shales in the area.

•The Bucomazi has mature source rocks in the

area as well as reservoir-quality sands.

•The basement wash unit has produced oil at Lindu

and from wells onshore Cabinda.

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Lotshi Block 2011 Drill

Program

Prospects include a 4-way structural closure, a 3-way closure,

and stratigraphic trap.

– Each prospect represents an independent play compared to what has been previously tested in the area, and addresses the main cause of prospect failures to date (inadequate trap/seal).

– The Lucula Formation is one of the primary targets in each prospect. The Bucomazi is also a primary target in one prospect and fractured basement or “basement wash” is a primary target in two of the prospects. The Chela Dolomite is a secondary target in each prospect.

– Dallas Prospect – 2300 m

– Other Prospects – 1500 m

– Approximate 30 days to drill each

– Current pro forma AFE – apprx. $8.5 million per well

– Commence drilling operations – apprx. beginning of September

Continue drill program in 2012 based on 2011

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EnerGulf Work Program

Conducted airborne magnetics and airborne gravity data over block in 2008

Completed 2D seismic survey in October of 2010

Prospective resource report completed May 2011

Plan to drill 2-3 wells in 2011

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BLOCK 1711

OFFSHORE NAMIBIA

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Northernmost Offshore Block

in Namibia

Namibe Basin – No previous

exploration drilling.

Interim Operator:

EnerGulf 10% WI

Co-Venturers:

NAKOR - 70% WI

PetroSA – 10% WI

Namcor – 7% (carry)

HRT Kunene Energy (BEE) –

3% (carry)

A N G O L A Namibia

Block 1711

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Block 1711 Geologic Setting

Atlantic

Ocean

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Deep Venture Drill Ship

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Water Depth – 772 m

Spud – April 9, 2008

TD @ 5050 m, July 19, 2008

Testing - August 7-25, 2008

(EnerGulf non-consented)

Rig released September 7, 2008

Well Status - P&A-suspended

Kunene 1

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Kunene #1 Results

Working petroleum system

Tested 23,000-acre structure on a 2,200,000-acre block

Detailed well results pending completion of the operator’s evaluation

Kunene Prospect

Hartmann Prospect

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1711 Other Prospects

Several other prospects have been identified on the block

Evaluate these prospects in light of Kunene 1 results

Santos and Namibe Basins were juxtaposed during early Atlantic Ocean rifting. Re-evaluate 1711 in light of major oil discoveries recently in the Santos Basin in Brazil.

Both EnerGulf blocks are located in rift basins that are not only on-trend to producing basins in West Africa, but are conjugate to key rift basins in Brazil.

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Corporate Structure

Capitalization as of May 3 2011

Issued and Outstanding:65,521,641

Warrants:14,030,247

Options:6,390,000

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EnerGulf Resources Inc.

TSX.V (Toronto Exchange) – ENG

Frankfurt - EKS

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Disclaimer

Certain disclosure in this release, including the private placement, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company’s operation 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. Readers are cautioned not to place undue reliance on these statements as they involve known and unknown risks, uncertainties and other factors that may cause a hinge in assumptions and the actual outcomes and estimates may be materially different from the estimated or anticipated future results, achievements or positions expressed or implied by those forward-looking statements. The Company 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 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.