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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 07, 2015 1:41pm
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Post# 23604855

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Time to Buy the $hit out of THIS!!!

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Time to Buy the $hit out of THIS!!!Yes,this gives hope if Congo and Namibia fails.Driling in Albania is much more expensive then in Congo.Shell/Petromanas wells is expected to cost about 70 million$/well.We could drill 10 wells in Congo for the same amount.In Albania they will have to rely on farmouts.In Congo a few years ago
Energulf issued a pp for 18 million$,they were going to drill alone but at that time there were no interest in the pp.With the new managment maybe they could find new investors and maybe they could tryto drill alone again if they dont succed in farming out.
Would be pity if they lost Congo/Namibia after so much effort.
Bullboard Posts
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