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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Comment by TheRealJRLon Sep 09, 2008 4:27pm

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Post# 15442567

RE: Anyone called ENG, UNX or Karbelas?

The market is not acting upon information, its acting upon the lack of information.
XOI lost more than 6% today and many exploration companies got hit very hard. Ppl in the market is reducing their holdings and move on to something less risky.

Ben C at ENG, Leo K at UNX, Mulunga in Namibia and Minister of Mining and Energy, they have no information whatsoever about what has been going on in WB since TD was reached. The only ones who know anything about this is Sintez and Corelab in Aberdeen.

Currently ENG has 0.15 cash/share, the value of their projects are just CAD 9 millions. Its a bargain if you ask me.
Right or wrong, only time can tell..

-- no investment advice intended --

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