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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 superstar1976on Aug 17, 2012 3:50pm
192 Views
Post# 20231117

RE: RE: Cash vs Burn Rate

RE: RE: Cash vs Burn Rate

Wow.  At that rate, they will be completely out of cash in 6 months.  Maybe my October call of 0.15 isn't that much of a stretch, perhaps thats too expensive.....

They'll get money, but you gotta wonder where is the money going?

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