GREY:ENGFF - Post by User
Comment by
Columbus1494on Apr 30, 2019 3:24pm
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Post# 29690477
RE:ExxonMobil acquires 1711 !!
RE:ExxonMobil acquires 1711 !!
This would have been huge for Energulf and the share price a couple of years ago when they still had a 15% share in the license.Unfortunately they lost it and I think all other licenses,I dont think they have any money left.I dont know what happened to the 400.000$ they payed for an interest in the GOM licenses wich never finalized.
Strangely they still exist as a company and have a website.Has anyone managed to contact anyone in the old management for the last couple of years?
Since they still exist maybe they had some vague plans to start business again sometimes in the future.This would have been a good oppurtunity had they had anyone in the old managment that cared,but they would have to pay for an interest this time,that would mean a pp.I would rather participate this time than before when they mentioned reverse splits and no concrete plans.If they asked for an opputunity for a farm in maybe they could get more favourable conditions than others since the participated in drilling and lost the license due to inactivity from others but honestly I doubt the old management cares.