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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
Comment by Columbus1494on Jul 30, 2012 8:14pm
240 Views
Post# 20167072

RE: RE: Repsol farm in

RE: RE: Repsol farm in

They have a 3D defined drill target with a 40% chance of succes.

Chariot drilled on their own in block 1811 on a target with 24% chance of success.Chariot could have had a

jv partner for that drill but they declined.

Block 1711 would become more attractive for the majors if they did 3D and had a drill target.

Energulf is dependent on a partner who could finance that,maybe Atlas?.

Chariot is analyzing the results from the Tapir well and will decide if they are going to drill another well there.

Its interesting that the reservoir quality in the Kunene well was not good,but they had source rock.

In the Tapir well they had good reservoir quality but lack of source rock.

In this presentation from Tower they say that their prospects require charge from the Namibe basin where

1711 and 1811 are situated.

https://oilbarrel.com/media/pub/var/conference_presenter_presentation_file/156.pdf

Bullboard Posts