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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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Post by actionplanneron May 04, 2008 11:31pm
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Post# 15037093

Questions

Questions I have been following eng for 3 months,  and have read many posts , mostly very informative , What I would like to now from oil experts is , has anyother exploration company drilled in block1711 before ? Also if eng misses with this drill hole , what next?  As I understand it the block covers quite a few square miles . I don't know much about oil , and was thinking if they happened to drill say a mile or two from the supposed oil /gas pool and came up dry would they drill another hole within the block , or would they know there is no oil within their stakes? Also if they hit a pool , how would they determine how large it is with just one hole ?
 ps.s  If you don't ask questions , you'll never find any answers!!
 I think this has the hype and interest to pay off Lets hope so
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Dealroom for high-potential pre-IPO opportunities
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