On October 1, 2015, EnerGulf Resources Inc. (“EnerGulf”), completed the acquisition of Columbus Copper Corp. by plan of arrangement. EnerGulf is a publicly traded international oil and gas exploration company focused on the world’s most prospective hydrocarbon regions. Columbus Copper has rights to acquire onshore hydrocarbon license Block 8 ( “Block 8”) in Albania. EnerGulf acquired all of the outstanding shares of Columbus Copper in exchange for one Columbus Copper share for 0.4937 EnerGulf common shares.

Peterson & Co. acted for EnerGulf with a team that included Dennis Peterson.