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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 Oct 27, 2010 8:06pm
667 Views
Post# 17621259

Most recent balance sheet

Most recent balance sheetMay 31st - Can $
Cash & cash equiv        $2,333,377
Short term inv                       900,000
Mutual fund inv                 2,706,978  available for sale
Accts rec                                   9,194
Prepaid exp                         115,369
Total                               $6,064,918

Liabilities
Accts pay                      $1,132,588
Due to rel parties                38,411
Total                             $1,170,999
+ whatever has been raised in PP
Looks like enough to pay for Lotshi Seismic with funds left over
Bullboard Posts