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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 stargazer1on Jun 30, 2008 1:55pm
523 Views
Post# 15244902

ReWhy drill further if oil had been found

ReWhy drill further if oil had been found"This is an exploration well only if we had found Oil we would not still be driling.  Why pay $600,000 k per day if Oil is already discovered."

From what I understood, even if oil had already been encountered, they would continue drilling to find its total depth plus, if it is in layers, to see the concentrations at the driffernt layers. And even once they have reached the final depth, they might then do horizontal drilling to further delineate the field in that area.
Bullboard Posts