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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 Jun 23, 2011 8:15am
195 Views
Post# 18754568

RE: Chariot close to farm out agreement

RE: Chariot close to farm out agreementOne of the blocks in question is 1811 south of 1711.Chariot is going to drill there in the 4th quarter.
Its interesting why Chariot only signed a heads of terms agreement and not the final farmout agreement
after so many months of negotiations and when there is little time left before drilling.
Im speculating it maybe can have something to do with negotiations around 1711.
One interesting detail is that HRT initially was more interested in Chariot than in UNX.
HRT had an agreement with Chariot similar to the agreement with UNX before they were bought up.
Chariot for some reason broke the agreement.HRT became interested in the blocks around Kudu later when they
started the cooperation with UNX.
Bullboard Posts
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