Energulf Resources Inc. ENGFF

RE: I pumped GNZ.(Long term buy GNZ & BQI) & WHY

[stargazer1]

GNZ could very well have billions of barrels of oil vs our 600 mil and there are several very exciting inexpensive expirimental methods that look like they will be able to produce oil from shale rock, especially in the Green Valley Utah area which contains literally trillions of barrels of kerogen which can be upgraded to oil, plus Canadas' high grade oil shale, but it will take years to develop these areas, vs we will be drilling and producing our sweet crude which doesn't require upgrading sometime in 2008. Thats why our price is in the multidollar range vs GNZ in the penny range. But over time, read years, GNZ will be in the dollar range. Maybe not years and years. BQI was at .25 forever, and then a couple of years ago started climbing and went to over $8 in two years. But then dropped back into the $3-$5 range. They have the largest oil sands property in Canada plus the larges Pasquel oil shale holding. They have joined up with a major chemical company that wants the high grade oils in the oil shale that can be converted into expensive chemicals. However, for over a year BQI has been exclusively concentrating on their oil sands property. They have have rigs drilling the property 24/7 and a recent preliminary estimate shows that the property contains 10 billion barrels of bitumen, and quite possibly over ten times that amount. The bitumen is too thick to transport by pipeling, looks and acts like molasis, but it can be upgraded barrel for barrel to light oil. But it costs about a billion dollars to build the on site upgrading facility. If you do the mathamatics, long term, and this time really long term, BQI could be worth $200/share or more. So, eventually when we sell our ENG shares it would be worthwhile to consider buying some GNZ & BQI.