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Energulf Resources Inc. ENGFF

Energy
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

Energulf Resources Inc.
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Comment by Columbus1494on Jan 17, 2011 12:44pm
413 Views
Post# 17984233

RE: RE: RE: RE: RE: Soco News Disappointing

RE: RE: RE: RE: RE: Soco News DisappointingSOCO was of the opinion that the results from the first well that wasnt commercial anyway increased
the chances that the results from second well would be positive.
Im not a scientist either but analogous to that,imo this result could increase the chances at a well drilled
nearby would come out with a positive result.
This was what SOCO said after the first well:


500 metres of source rock with significant hydrocarbon shows and approximately 245 metres of good quality porous sand with an average porosity of ca. 17.5% in the primary target..

This first well in a previously undrilled and unknown basin has confirmed the existence of a working hydrocarbon system, demonstrated the presence of mature source rock and found a high quality reservoir, which is hugely important. These findings should improve the odds on the Kinganga Nyanya well on Prospect D."
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