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 steadfaston Oct 03, 2010 3:14pm

237 Views

Post# 17523247

RE: RE: Passport

Welcom Back, Passport:
Your posts are always so logical and common sense. It is important for you to continue to post
to encourage new investors who do not know the history.

Yes, we are no longer in the Dream Phase but in the Reality Phase. The $64? is whether we will enter
the Dream Phase between Results of Lotshi Seismic Survey & Spud Date. You advise the market will
not hand it to ENG on a tray, so there may not be a Dream Phase as far as Lotshi is concerned.
A small 9 1/4" Drill hole will determine whether it is a Successful Reality Phase, or another wait and see if hydrocarbons are found and further testing required, or if the well comes up Dry - then our Congo dream
will be shattered until they drill another well. Fortunately, we have two plays and we know 13.5 tcf of gas
was found in Kunene #1 so the Dream is still alive in Namibia.

You are so right UNX is in the dream phase with a blank page, they have not encountered the problems
ENG have. Let us wish UNX every success.

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