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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
Post by steadfaston Jul 05, 2010 10:21am
328 Views
Post# 17243116

Core results

Core resultsIt is hard to believe that an Operator would deliver samples to a lab in 2008 and not be eager to get results.
Could it be:
1.  Sintez knows or has a good idea what the results will be?
2.  Sintez knew when drilling, they were going to place Sintez Namibia into bankruptcy immediately
     following capping of the well, thus avoiding debts.
3.  I do not know the legal period of time for a Russion Co to declare bankruptcy, then form a new co.,
     then no longer responsible for debts, I presume the time period has now ended.
4.  I thought when Namcor took over as Interim Operator in Jan 2010 the first item on their To Do List
     would be to get core results.  It appears they did not.  Possibly they did not want to accept the
     responsibility for payment to Core-Lab.
5.  Meanwhile as investors we have waited 2 years, each month hoping for core results.  Hopefully,
     this soon comes to a successful conclusion and the wait will be worthwhile - thus the reason we are here.

However, if I were fortunate enough to be told results are coming in two weeks, I would have enough
credibility to keep this good news to myself, I would not be posting it on a BB - once again time will tell.
Bullboard Posts