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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 15, 2011 1:57pm
307 Views
Post# 17977987

Please clarify

Please clarifyI find this confusing.  Some posters seem to think a seismic NR is expected soon.  I believe Columbus
kindly answered one of my questions as follows:
a)  It takes 2 1/2 to 3 months to process seismic.
     We know they finished field work Oct 24th, lets say seismic processing started Nov 1st,
    completion perhaps Jan 15 - Feb 1st.
    What is the objective from this exercise we hope to learn?
    Is it reasonable to expect a NR from this completion, before they finish step 2?
b)Columbus referred to a 2nd step that takes 4-6 weeks
    completion perhaps March 1 - 15th - 31st
   I am not sure, is this when
   a resource assessment would be done and determine where to place drill or is that part of
   the processing in Step A.

Can someone please clarify and confirm.  Thank you so much.
Bullboard Posts