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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 wallywillon Jul 01, 2014 4:20pm
142 Views
Post# 22708593

RE:RE:RE:Welwitschia again

RE:RE:RE:Welwitschia again
Hi mmfar,
A commercial oil find would have definitley put Namibia on the map. Yes

However 1711 is in a different geological basin. 1711 in in the Naimbe Basin . Welwitcha is in the Walvis Basin.
Chariots's well that was drilled in 2012 would have been a more significant well as it is next to 1711 and is in the same basin.

My thoughts were that if Welwitcha came up dry and did not impact ENG's value at all. The market realizes the distance between the basins. The market will value ENG on its projects and not someone elses block 400 kms away.
We are still waiting for the Lotshi licence extension.


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