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Energulf Resources Inc. ENGFF

Energulf Resources Inc is an oil and gas exploration company. Along with its subsidiaries, the company acquires and develops oil and gas projects in the Gulf of Mexico in Africa and Albania. The company's assets are located in Canada, Namibia, Albania and the Democratic Republic of Congo. Majority of the revenue is derived from the properties in Canada.


GREY:ENGFF - Post by User

Bullboard Posts
Post by Columbus1494on Jan 15, 2011 7:09am
694 Views
Post# 17977108

What news to expect ?

What news to expect ?We already know that there is more than 353m barrels of oil in Lotshi,they knew that already in 1993
with the minimal amount of seismic they had then.353m barrels is great itself but we sure well have
higher numbers now.
I think well hear something about the core samples in 1711,how would it sound if they have found
signs of oil in the deeper cores?
According to other posters there could be news anytime now.
According to SEDAR ENG has had a MD&A the first days of february the last couple of years.
I would asume they continue that tradition,then well know more for sure if no ordinary newsrelease is issued.
Some posters earlier were optimistic drilling could start really soon,I for one would be very satisfied if it could
start sometimes around april.
Here once again are the resource estimate for Lotshi from 1993:


PROSPECT

RESERVOIR

HUILE EN PLACE (Bbl)

RESERVES RECUPERABLES (Bbl)

NDUNDA

CHELA

BUCOMAZI

LUKULA Inférieur

2 335 000 000

584 000 000

YEMA

LUKULA  Inférieur

940 000 000

235 000 000

NGAZI

LUKULA  Inférieur

530 000 000

132 000 000

LOTSHI

LUKULA  Inférieur

353 000 000

90 000 000

BAYINGU

CHELA

BUCOMAZI Supérieur

200 000 000

50 000 000

LINDU

LUKULA  Inférieur

190 000 000

48 000 000

TOTAL

 

4 553 000 000


Bullboard Posts