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Energulf Resources Inc. ENGFF

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

Bullboard Posts
Comment by stargazer1on Jan 03, 2008 3:12pm
461 Views
Post# 14148310

RE: Now is JUST NOT THE TIME.

RE: Now is JUST NOT THE TIME.chuckdog, stop with the: MOST EVERTHING ON THIS ONE HOURSE WELL, WITH A 10% CHANCE AND 10% INTEREST. And especially stop with the moronic capitals. The problem with your analysis is that there is a better than 50% chance of hitting oil on the first drill, not a 10%. And as has been pointed out, it could be better than an 80% chance of hitting oil on the first drill. Plus, as has been pointed out, if you don't hit oil right off, the drill is capable of drilling sideways for miles from the initial site and analysing what is being found during the drilling will give you an excellent idea of where to directionaol drill from your initial site, so actually you are looking at around a 100% chance of hitting oil on the first try. And as has been said by multiple people on this site, 10% of a monster oil field by a small company equates to a monster price for the shares of that company. So we can ignore your 10% chance 10% interest. Also, if you want to make money in the stock market, it helps to have some stocks that go up 1000% to make up for the inevitable loosers. That means taking an intelligent guess on the prospects of a company and getting in before their story is confirmed. You can wait for the drill results, but then by the time you get in, the price will have risen so high that you will have missed out on most of the gains.
Bullboard Posts