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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 Jan 04, 2011 1:57pm
520 Views
Post# 17923112

bullVestor Interview - 2005

bullVestor Interview - 2005In my thick ENG file, I found a copy of an Interview with Jeff Greenblum 26/10/2005.  Some pertinent comments:
1.    ENG's business plan is to acquire and be involved in high impact oil and gas properties anywhere
in the world, but we are now focusing on Africa because of our extensive expertise and experience, that
we bring to the table concerning hydrocarbon exploration projects in Africa.  We are looking for GIANT FIELD
POTENTIAL.  A "Giant Field" is defined by AAPG to be 500 MILLION BARRELS OR MORE.  So, we usually
have to focus offshore.  

My comment - I find this comment 500M, usually have to focus offshore interesting, we know this to be
true for Namibia, but he may also mean looking for Giant Field potential in Lotshi.

2.  Dr. Bill St. John is ENG's advisor for Geology.  He is the world's preeminent geologist regarding
African petroleum geology, and he is responsible for approving the hydrocarbon merit of projects.  We only
pursue those projects that rank very high with Dr. St. John.

3.  bullVestor:  A few weeks ago, you announced that you will also participate on an oil block in the DRC.
     Do you see big potential in the DRC?
     Jeff - Yes, That is why we are there.  We are now putting the finishing touches on the terms of the
     acquisition.  We believe that the onshore acquisition can be a perfect fit for our business plan and are
     most excited about moving forward with it.

4.  Jeff talks a lot about the Team, ie I feel most comfortable in reaching our goal, we have put the best
     team together to achieve our goals.

5.  He talks about the geophysics team and comments they are in my and others opinion, the best in
the business.  Our business plan is seismic driven, to make the big discoveries.  So, you need the best
in the business to recognize the best prospects from the ram pastures.  I am not going to waste my time
or the shareholders money on ram pasture.

6.  bullVestor:  If you will be successful with ENG, where to you want to see yourself 5 yrs from now?

Jeff:  I hope to see ENG at US$100 per share, if not better.

My comment - While this seems an impossible dream today at $1.25, ENG has much more going for
it today than it had 5 years ago, so who knows what the next 5 years may bring.  He did take Diamond
Fields to $100 per share.  I would be happy with $10.

My comment - I really do not know where I found this 2 page interview, I know I found it in Jan 2008 and
can not find it on the Internet today, but  I am sharing with the BB the parts I think you will find of interest.

May 2011 be a good year for ENG Investors.  Thanks to everyone who shares their DD so generously.
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