GREY:ENGFF - Post by User
Comment by
Columbus1494on May 20, 2019 1:04pm
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Post# 29760882
RE:RE:Jeff Greenblum where are you?
RE:RE:Jeff Greenblum where are you?I dont know,most likely not but for some reason they didnt delist Energulf. If anyone,probably Jeff Greenblum had plans for a comeback this imo would be a good oppurtunity. Before drilling Kunene in 2008,UNX bought Kunene Energy for 5.1 million $ worth of shares and 1.5 million $ cash. Would Energulf succeed in something similar there would be a massive dilution and the shares wouldnt be worth much initially.Would there be drilling later or other companies that finds oil the share price would probably rise,also Exxon is a big player that probably adds some value.After the unsuccessful drilling of Kunene,1711 the share price of UNX dropped to less than 10 cents but later HRT bought them for several dollars when they were going to drill their other prospects. I dont know how much Energulf shares would be worth but it would be better than nothing as the situation is now.