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 steadfaston May 11, 2011 8:45am

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Post# 18558580

RE: Great news!!!

It is fabulous news. I like the 90% chance of achieving the Low or 90% estimate of 207M barrels,
Thus at a Minimum of $10 per barrel in ground
207,679 x $10 = $2B x 90% = $1.8B div by 75M shares o/s = $20+ per share

Jeff used the figure of $10 when oil was at $60, so I presume today that figure jumps to $15, so
the $20 jumps to $30. Certainly ENG is worth more than $1.19 per share. Go ENG Go!

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From now on, dynaCERT instead of Bitcoin or NVIDIA?