Energulf Resources Inc. ENGFF

What is ENG worth?

[steadfast]

I recall when Jeff was interviewed in Berlin in 2006, he said if they find oil which was presently trading at
$60 per barrel, it would be worth $10 per barrel in the ground, and he added you do the Math.  SO, if you
look at Netherland, Sewells numbers and if there is truth to the rumour of 10-13.5 tcf of gas, it is possible
3billion barrels of oil could be sitting under the rumoured gas at Kunene #1.  It is simply mind boggling.
Keep in mind Jeff's goal in 2005 was to have ENG a $100 stock by 2010.  With all the delays, that will not
happen, but it is certainly possible for 2015 - if these numbers are true.  

I read this a.m. in A-Z News that the Russian President is now arriving with a delegation of 400 people.
If Gazprom were to take Sintez share, they must have deep pockets, so I would hope drilling would
resume in earnest.  We may have just had the opportunity of a life time to accummulate ENG at low levels.
I expect we may have an interesting week ahead.