Energulf Resources Inc. ENGFF

RE: RE: RE: RE: Reentering Kunene-1

[Columbus1494]

Its difficult to predict the share price,before spudding 1711 it reached 4$.The float is somewhat higher now 
but as it seems ENG is developing both projects.
I think the share price will be moving up, not only because of Lotshi but because of 1711 as well.
I can imagine ENG having a newsrelease in the second quarter regarding both Lotshi and 1711
as they did now,not only because it would be wise but because it seems analysis around both projects
could be finished close in time.
Last year the jv for 1711 met and approved a work program for year one of the two year license extension period.
Year one consisted of geological analysis.In the second quarter year two will start.As I posted earlier UNX had
a presentation last year with info that they have to drill one well at 1711 during this two year period for the license to be extended.There still seems to be a lot of secrecy around 1711 and we dont know all the details.
Hcarbon,I expect substantial news regarding both Lotshi and 1711 in the second quarter so Im very optimistic.
Regarding RJ I dont know who is behing the buying.Whoever is buing is thinking he is doing a good investment.
RJ has accumulated for a long time.Probably its someone well informed.
There are a number of people who knows more than others.ENG and UNX are the only companies that can be
traded publicly regarding 1711 and ENG regarding Lotshi.
If I may speculate,if I was Lebedev of Sintez and knew I had discovered a 14 tcf gas find I would try to find
an easy way of getting richer.