GREY:ENGFF - Post by User
Post by
Columbus1494on Feb 02, 2011 1:07pm
426 Views
Post# 18062780
Good news
Good newsThis is good news imo.Now we will have the complete results from 1711 together with start of drilling at Lotshi
in a short while.Its positive that both projects will be active simultaneously,it will have a positive influence on the share price and long investors will be hedged with the other project in play.PP`s will be made on higher level with less dilution.We will soon know if they decide to reenter Kunene-1 or if they first are going to do more seismic work and then drill.The best time to drill or to perform seismic work in Namibia is in the autumn.Theoretically they could be reentering Kunene-1 already this autumn,if not they will do more seismic work and drill not to long after.
Energulf is analyzing various microfossils from the core samples from 1711,here is a presentation regarding the
significance of that work:
https://www.google.com/url?sa=t&source=web&cd=6&ved=0CEQQFjAF&url=http%3A%2F%2Fwww.scribd.com%2Fdoc%2F26933623%2FTiny-Fossils-Point-the-Way-to-Big-Oil-Finds&ei=XZZJTejaD8SaOqrQ0NIP&usg=AFQjCNHT15eyo0NOPGM5wTf_1K0zmKeXbw