Energulf Resources Inc. ENGFF

RE: If the Chinese were happy to shell out

[steadfast]

Seekthetruth:
I have always been steadfast in my belief of the potential for Eng.  Yes $5.4B for 1 tcf of gas is
impressive, 5.4B x 13.5 is mindboggling, so I will suggest another conservative estimate:

Henry Hub Natural Gas is $3.87 per 1,000 cu ft
13.5 trillion cu ft/1,000 = 13.5 billion
13.5  billion x $3.87      = $52billion div by Eng 10% = $5.2B div by est 100M shares = $520
less the capital costs to get it to production and market.

Then the next step, keep in mind, use the industry standard factor of 5
13.5 T cu ft of gas could mean a bathtub of oil underneath consisting of 2.7 Billion barrels of oil

I can hardly wait for 1711 results due in 2nd Quarter, which can be as early as 6 weeks or as
long as 3 months, 1 week.

I am hoping that the 1711 results will confirm or deny the 13.5 tcf figure.  I will be very disappointed
if this subject is not addressed.  It would be a dream if they confirm it, then reopen 1711 and
find the oil underneath where they stopped at 5040 mtrs. 

UNX is getting a lot of press re Namibia, it just confirms what we maybe sitting on.

Every day there is more investors buying ENG, word must be getting around.