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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 travelnutteron May 29, 2008 10:06am
184 Views
Post# 15122233

Violetta posted real news NR 9:29 am

Violetta posted real news NR 9:29 amBB posts indicate number of you have not read the news release posted at 9:29 am this morning citing weather delays + mechanical problems, therefore drilling not expected to hit payzone now till mid-june.  There was NO release re: dry hole - that info is bogus - ignore that spammer.

Overall, news acceptable.  Of course, I am annoyed that my funds are still tied up with ENG for at least another 2-3 weeks without a payoff while other stock opportunities pass me by but hope for a big payoff with ENG remain solid, IMO.  Note the release indicates what I suggested earlier, that the Namibian government is the big player here re:drill secrecy.  This hole is a very big deal for the Namibian government.

ENG sp will just float along and probably continue to drop over next weeks as money players invest elsewhere, planning to return at the very last minute.
Bullboard Posts