Energulf Resources Inc. ENGFF

RE: Calm before the next surge

[stargazer1]

"This baby is worth less than a hundred million in market cap. I bet many kick themselves for missing out the opportunity to load up the truck at these levels. Hold on tight when the stock finally takes off!" Going along with your thoughts I've reposted: Maysteeler's thoughts Wednesday, January 16, 2008 $3 to $500 PPS....THE MARKET STILL DOESN'T GET IT Snapshot: BAN IAE LRG MAD MDR OIL PDP POE TLM XOM ENG has moved big in the last month and a half. But what many traders don't get is how massive ENG's 2.2 million acre block is. Block 1711 is the size of Jamaica. There is a total potential of 6 billion barrels is up for grabs. ENG has 40 million shares. ENG has a 10% interest in the block Doesn't sound like much....right? Well let's put it in dollar terms. ENG's first target is 500 million to 1 billion potential barrels. If they hit, ENG will be as high as $50 to $100 PPS upon production The second big target is the Hartman target. The Hartman could hold 5 billion potential barrels. If ENG just gets 10% of that, ENG could be $500 upon production. Total upside of Block 1711 is $600 PPS for ENG at current float levels, and people wonder why ENG was almost $7 on pure spec 2 years ago. Sure people will shake their heads at the price targets for ENG, because it is just staggering. But that's why ENG is still so cheap.