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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 Columbus1494on Feb 05, 2011 3:05pm
395 Views
Post# 18081948

RE: RE: Reentering Kunene-1

RE: RE: Reentering Kunene-1Thanks hcarbon,
Not only I think that ENG is a good investment at this point but so does Raymond James and others.
The share price seems to have formed a new base above 1$,the old one was around 0,40$ for a long time.
I only see positive developments from here,it seems that ENG is developing both Lotshi and 1711 simultaneously
which is good for the long investors.In the second quarter,(2-5 months from now) we will have drill targets for
Lotshi and we could very well have a decision to reenter 1711 or at least do more seismic and then drill.
Developing 1711 will require a pp,for least dilutive effect it would be wise to have the pp around time for news for both projects when the share price should be at significantly higher levels.

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