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Energulf Resources Inc. ENGFF

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

Bullboard Posts
Post by Columbus1494on Aug 14, 2011 10:59am
660 Views
Post# 18939924

Chariot negotiating with 6 companies

Chariot negotiating with 6 companiesChariot is aiming to start drilling in block 1811 south of 1711 in november this year.They are in farm out negotiations with 6 major oil companies.Im sure these companies also are interested in joining 1711.
The prospect they are going to drill is close to Hartman and will give ENG and the JV a lot of useful info for 1711.
We know that there is a possibility ENG and the JV will reenter Kunene-1,from the news releases we also know
they identified other prospects and then they have Hartman.If they choose to drill without doing more seismic they could use the same rig that Chariot is going to use.Chariot will need a deep water capable rig for this well.
Petrobras,Tower and HRT most likely are going to use other rigs for their other wells.Their prospects are on more shallow depths.(Deep Venture has a capacity to 1700 m water depth).

https://af.reuters.com/article/investingNews/idAFJOE77709P20110808
Bullboard Posts