Energulf Resources Inc. ENGFF

Some Facts

[zeee]

There are lots of people throwing around lots of numbers so I thought I would nail down a couple of facts for everyone; Shares Outstanding: 31.5 Million Warrants: 8.5 Million @ .90, $1.15 & $1.26 Options: 4.0 Million from .12 - $1.26 (Exp:4/30/08 - 11/10/10 Cash: 5.3 Million Burn: $75,000. per month Is this stock going to go up significantly in the days/weeks/months to follow.....definately. Casey Confidential came out today with a recommendation to sell PP bought at 70cents. He said, "ENG has announced the drilling schedule on Block 1711. There is MUCH UPSIDE left in this story; as the drilling starts, so will the speculation, but playing free is always the smartest strategy." He also added, "The potential upside is signigicant enough to make it worth a punt." Casey always has a strategy of buying the PP, sell when the shares are free trading to recoup your investment and then sit on the warrants for a ride. This is why there was some downward pressure today in my opinion. With 2.7 million shares trading, much of the PP has been traded and we will see a significant move this week, this month and in the months ahead. Happy investing to all. Zeeeeeeeeeeeeeeeeee