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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 BRITNICK27on Jul 10, 2008 1:07pm
886 Views
Post# 15278495

Tight Hole??

Tight Hole??I checked once again with one of my sources and pressed real hard in particular on the estimated amount of gas found. As you guys recall the intel was that a "massive" gas hit estimated at 7tcf to 10tcf was encountered.

He was steadfast in the belief that gas was indeed hit but when pressed was not as confident in 10tcf. He did however maintain that the hit was not a burp but a logged resevoir with decent depth and  substantial pressure gradients. He said most of the logging was done during the 8 day down period.

If it a sham, this guy is good and very convincing.



Bullboard Posts