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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 DoubleManon Mar 19, 2008 12:44pm
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Post# 14748476

RE: ENG was $3.97 last Monday

RE: ENG was $3.97 last Monday

No update is bad news...although management "cautioned" that dates were not firmed about the Deep Venture exiting the Exxon location....it is obvious that we are undergoing another delay..the last update on the drilling was a month ago.

It has been nearly 3 weeks from the estimated start date at ENG drill site and we continue to be in the dark about the location of the drill ship...let alone drilling startup. Story after story hitting the board predicting start up each day...yet nothing...so much for accurate forecasting.

Chances are that management will be relieved to see  the 3 day Easter weekend start and I would not be surprised if news (if any) will be at leat another couple of weeks away...beginning of April.

Strong stomach for skiddish markets....

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