Bullboard - Stock Discussion Forum 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.

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Energulf Resources Inc. > ExxonMobil acquires 1711 !!

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Post by TheRealZodiac on Apr 26, 2019 3:50am

ExxonMobil acquires 1711 !!

IRVING, Texas--(BUSINESS WIRE)--Apr 24, 2019--ExxonMobil said today it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres (28,000 square kilometers) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A.

https://www.apnews.com/Business%20Wire/d1f4046678bb4d069ad102cbcce03862

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Comment by Columbus1494 on Apr 30, 2019 3:24pm

This would have been huge for Energulf and the share price a couple of years ago when they still had a 15% share in the license.Unfortunately they lost it and I think all other licenses,I dont think they have any money left.I dont know what happened to the 400.000$ they payed for an interest in the GOM licenses wich never finalized. Strangely they still exist as a company and have a website.Has ...more

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Energulf Resources Inc.