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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 Aug 30, 2017 12:48pm
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Post# 26637745

RE:RE:RE:RE:RE:RE:3D seismic in 1711 will be done !

RE:RE:RE:RE:RE:RE:3D seismic in 1711 will be done !Probably not realistic but theoretically Energulf could pay for the seismic in 1711 and take over the 
block and then try to farm it out.Maybe they could get a big carried interest.Would be a huge gamble.
I dont know how much it would cost?Gazania/Energulf should have done 2500km2 3d,now I think they cover a larger area but I dont know if an operator has to pay for every km2.
How unrealistic it may sound I think that that would be a better try than the share consolidation they are proposing.Imo more people would participate in a pp for the take over of 1711 than they would after a share consolidation.

Not a word from Energulf after the cease trade order...Im speculating and hoping that the reason is
that they shortly after were informed about the upcoming seismic over 1711 and they now
think its better not to go forward with the share consolidation and they are letting the proposal ebb away.


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