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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 Apr 17, 2014 11:36am
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Post# 22463326

RE:RE:RE:RE:RE:RE:John Elmore - Another Lightweight??

RE:RE:RE:RE:RE:RE:John Elmore - Another Lightweight??Existing permits will be renegotiated in 36 months after the law is enacted.Thats means
the operator has another three years time to explore the block.If an operator finds oil in that time
they can apply for a production lisence.
A farm in partner would probably want to know for sure if its a fact that the lisence will continue to be in their possession for three years or any other time period and how much tax they would have to pay
before entering an agreement with Energulf.
According to their presentation they expect an agremment with a farm in partner this quarter.Its 73 days left.We will soon know...
From what I have heard the law will be agreed upon this year.Could be that Energulf is not in such a hurry as we thought.If they get another three years they could take it easy for another two years in worst case.

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