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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 Mar 16, 2013 10:34pm
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Post# 21141212

RE: RE: RE: Sintez CEO confirmes "a lot of gas" at

RE: RE: RE: Sintez CEO confirmes "a lot of gas" at

 

Its interesting that the CEO of Sintez defines Kunene-1 as an appraisal well.It means they made a discovery but their appraisal of the well results made them take the decision to not invest further since they were not interested in gas.They agreed to a 10% carried interest in the next well which they think will contain oil.If Energulf finds an operator the planned 3D and drilling of Hartman will take place but since Kunene-1 is suspended and they earlier planned to reenter Kunene-1 maybe that is not out of the question either.

OGE: Why did SINTEZ seek out international projects? 
Korolev: Realizing that opportunities for growth of an independent oil and gas company of our size are limited in Russia, we began to look at overseas projects. First, we went to Namibia where we shot seismic and drilled an appraisal well offshore.

 

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