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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 Apr 11, 2013 3:02pm
118 Views
Post# 21243246

RE: RE: RE: RE: HRT Question

RE: RE: RE: RE: HRT Question

https://www.kommersant.ru/doc/1307383

 

"Synthesis" is seeking funds in Hong Kong
To finance oil and gas projects
 
Now consider the possibility to use the tools provided by Exchange to finance oil and gas projects of the "Synthesis" Leonid Lebedev outside Russia
Photo by: Valery Levitin / Kommersant
On the Stock Exchange of Hong Kong may see another Russian party. To raise funds through the Asian markets would like to start a group "Synthesis" Senator Leonid Lebedev. However, while it is only about foreign oil and gas projects of the company, which only in the next two years will require about $ 270 million

On the scheduled meeting with Senator Leonid Lebedev, who controls a group of "Synthesis", "b" the president told the Hong Kong Stock Exchange Ronald Arculli (see the interview with him on this page). However, later on the Exchange clarified that the meeting will take place not with the Mr Lebedev, and with representatives of the "Synthesis".The group confirmed that "an interest in working with the Hong Kong Stock Exchange is", but the form is not already selected. 
 
As explained by the source of the "Y" familiar with the situation, is now considered the ability to use the tools that Exchange offers to finance oil and gas projects of the "Synthesis", located outside Russia. On the IPO of the "synthesis" or assets of the other sectors (the group is also engaged in energy and development) of the question, explained to the "Y". He says he has not yet determined what form will attract capital - is not necessarily an IPO or the placement of bonds, not excluding private placement. 
 
The company has several projects in the oil and gas outside of Russia. Since 2006, she is engaged in exploration offshore Namibia in the field "Kunene-1" within the bloc in 1711, the project is on a PSA. The consortium "synthesis" owns 70%, and its partners are the South African oil company PetroSA (10%), are traded on the Canadian stock exchange EnerGulf (10%), National Petroleum Company of Namibia (7%) and Namibian Black Improvement Co. (3%). Last summer the results of drilling of the first well discovered gas reserves of 14 trillion cubic feet (400 billion cubic meters). At the completion of the first phase of the project in the next two years, "Synthesis" in proportion to their ownership interest in the consortium must spend 5 billion rubles., Said the source "b" in "Synthesis" for further field development will require an additional $ 5 billion 
 
In addition, in late 2008, "Synthesis" signed the PSA to develop field offshore Indonesia East Bawean 1. In the future, the next two years for exploration will require about 3 billion rubles. 
 
"The direction of the Asian markets with a good match," - said the chief director of asset management "Gazprombank - Asset" Andrew Zokin. According to him, about half of the IPO, over the last year, came from Asia, and funds in the region are investing in different economies. At the same time, the expert notes speculative orientation of such investments as stocks are now trading below the offering price. But Chinese companies are actively seeking to invest in the oil and gas sector, adds Vitaly Kryukov of IFD "Capital" and the financing of capital investments by IPO - a common practice. 
 
Denis Rebrov

 
 
 

 
 
 
 

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