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 GA_Makemydayon Dec 09, 2007 8:14pm

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Post# 13992536

RE: well worth the risk.

This taken from the EnerGulf website: "Commenting on the signing of Block 1711, Bill St. John, Ph. D, EnerGulf's adviser for African and other international oil and gas exploration operations, member of the American Association of Petroleum Geologists (AAPG), states: "Block 1711 contains the most attractive undrilled structure that I have seen in over 40 years of exploring for oil and gas internationally. In my opinion, each of the Kunene and the Hartmann prospects are of a sufficient size to have the potential to contain a 'giant field,' being over 500 million barrels (as defined by AAPG)”. I'm not sure where the 6 billion barrel estimate comes from - I assume they must be including other as yet undefined targets to come up with that figure?

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Geologica Resource: Polymetallic upside at a depressed price