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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 Beenburned64on Aug 02, 2012 5:10pm
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Post# 20178979

RE: RE: I guess in the near term

RE: RE: I guess in the near term

They started last friday and they estimate it will take 60 days to reach target depth and log. Not sure about how long it will take for results but since majors Petrobras and BP are involved I would expect results relatively quickly.

I think the fact that Petrobras is doing the drilling increases the chance of a hit. These guys know what they are doing.

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