Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 30, 2008 10:09am
408 Views
Post# 15342745

Wet gas

Wet gasLets just take a step back here, for one I am not sure where the wet gas rumour came from but to paint it as a bad thing is not appropriate.

Secondly why all the salt analogies from what I recollect wet gas does not contain any salt. If formation water enters the picture there are numerous technologies available for detecting and removing. The salt fear is a litlle old school if you ask me. Maybe call Andarko and ask them about the Independance Hub near New Orleans.

Wet gas contains a valuable liquid hydrocarbon called condensate. Wet gas is almost never put in a pipeline. The valuable liquid hydrocarbons are removed in the field by a gas processing plant. The wet gas is cooled to remove the condensate, butane, propane and ethane which are called natural gas liquids (NGLs).

The most common way to deal with formation water (salt) and condensate water (fresh) is with MEG regeneration. https://www.comart.biz/workO/pb/pb-42-file-meg_regeneration.pdf

That all said, the wet gas rumour is weaker than the 7tcf hit rumour. Lets keep our eyes on the prize and as one poster put it, UNX exercised early for a reason, thats a fact not a rumour.
Bullboard Posts