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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 shleevoon Apr 03, 2009 1:39pm
371 Views
Post# 15894795

RE: RE: RE: RE: The new exercise price

RE: RE: RE: RE: The new exercise price

I agree it's not good news, but I don't think it reflects any success or failures on any of their projects.  It's just pure greed, plain and simple.  I will be voting against it. 

Instead of focusing on lining their pockets, they should get Lotchi moving and they will all be rewarded including us shareholders.  The DRC is an oil field.  They need a JV to get it moving.  Although I think 1711 is a great prospect and will be successful one day, the DRC is a better prospect for this oil jr.  It's way cheaper for them to drill.  Tullow is close to a deal to get back into the DRC last I heard.  The country is a bit unstable, but it's the best chance they have right now. 

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