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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
Post by SENSAI1on Mar 13, 2008 9:42am
151 Views
Post# 14651653

Question for the Board.

Question for the Board.

Groundstar Resources (GSA) announced that they had spudded their Egypt block a few weeks ago and have a 30 day drill program ending in a few weeks and the stock price never shot up when they announced spudding and it still hasn't moved as we get closer to the end of drilling , looks like the stock price ($1.40) already had this spud drilling news built in. 

Energulf is going to be drilling within a few weeks and is currently at $3.40, what makes everyone think this will shoot up once they announce spudding, what makes it different from GSA which is also drilling a huge oil deposit?  Not bashing here, just trying to understand people's thinking here.

Bullboard Posts