Energulf Resources Inc. ENGFF

Don''t wait for pull back.

[stargazer1]

May not want to listen to me when I say, "Don't wait for pull back." I bought in at $1.62 a few days ago and immediately saw it start to back off. On first sight, our two properties seem to have some big iff's to them. Our 1711 property is beyond huge, but has never been drilled so you are betting that we are going to hit oil. It's been said that if we miss, the stock will crater and so sell on the news of the drilling because by that time the stock could have moved up quite a bit from here. If they do hit oil, then the stock could go to the $20-+$100 range and you will have time to buy in before it reaches that range. On the other hand, as I posted a few days ago, with todays improved methods of locating where to drill and with the ability to drill side ways for miles, depending on what you are finding, there may be a better than 80% chance of hitting oil on the first drilling, and if they do hit oil, the stock may have exploded upward before you can get back in it and you will miss out on a large part of the up move. So I think that any price in the $1.20 to even $1.75 would be a good entry point. And we have finished the pre-drilling work up and we have arranged for a drill to be sent to the site, so it's not like we are hoping to arrange to do the drilling, it's been arranged and its going to happen. Secondly, we have our monster DRC concession, but there is no guarentee that the president of the DRC will ever sign a presidential decree to give us a go ahead to explore/develop the property. So that could be considered iffy. But the president knows that we will be giving the government $500,000 for the right to explore the property, plus guarentee another $500,000 that we will explore/develop it. So that is a great incentive for the president to eventually (soon?) sign the decree. Plus that is an area with oil fields all around it. So I would say buy in now and hold onto your shares beceause the odds are better than excellent that we will be a WINNER.