Energulf Resources Inc. ENGFF

Hartman High Estimate

[steadfast]

Byron King knows of a small Canadian Co that is undervalued.  We long ENG shareholders know we
have a company that is worth so much more than todays trading prices.
Let us look at Netherland Sewell estimate for Hartman:
Low estimate      863 MM barrels of Oil
Best Estimate   2.7    B     barrels of Oil
High Estimate   5.1   B      barrels of Oil

Their high estimate of gas Kunene was 899 bcf, the Namibian Minister has advised
13.5 tcf of gas, thus their high estimate of 921M barrels of oil, becomes 2.8B

So, ENG has the potential of
10% of 13.5 tcf of gas Kunene 1
10% of a potential 2.8B of oil under the gas using Netherland Sewell ratio
10% of a potential 2.7B or 5.1B barrels of Oil at Hartman
87-90% of a potential of 200 - 500M barrels of Oil at Lotshi, we should get a feel for the
potential when the Seismic is done, which I am guessing 6 weeks as 75% complete

Neighbours to the North & West of Lotshi presently drilling.

While the #'s of UNX look impressive, so are ENG's.  It only took 35,000 shares this morning to
move the stock a dime, if we could get a NR like Byron Kings, think where our stock could be.