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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
Comment by molmanon Jun 14, 2009 4:43pm
454 Views
Post# 16069430

RE: baseball r u long this stock?

RE: baseball r u long this stock?I may be wrong, but 2D is not much to be excited about.  This tells me that the DRC is a long way off from proving itself.  2D is often used to placate the local government and satisfy the minimum requirements under a license, basically delaying making a serious financial committment to a project and buying time.

Also, with having Russians and now the Chinese as partners, we are at an even high risk of being taken advantage.  What's to keep them from deep sixing us?  the rule of law in Africa?
Bullboard Posts