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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 chengjooon Jan 11, 2008 8:14pm
521 Views
Post# 14191454

RE: HERE IS THE BOTTOM LINE REGARDING ENG

RE: HERE IS THE BOTTOM LINE REGARDING ENGYou only mentioned the upside if ENG hits oil. I am interested in this company but have not entered yet because it has risen too fast. My question is what if it does not strike on first count? What will this do to the price - how much downward is the risk. Just need to exercise DD because i have been hit before. This is high risk-high impact exploration. The size of the drill effort - $57 million - for a one-time shot - is expensive. How much of the last equity financing will be expended if the first drill is not successful - hence, how much more money will have to be raised for the next drill? Anyone care to advise? Thanks
Bullboard Posts
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