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Energulf Resources Inc V.ENG

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s): ENGFF

Energulf Resources, Inc. is in the business of acquiring and developing exploration interests in oil and gas projects in Africa.
Price: $0.405 | Change: +$0.005 | % Change: +1.25%
Volume: 13,000 | Day High/Low: 0.405/0.405 | 52 Week High/Low: 0.49/0.14

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3 stars

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

If lotshi is gone, so is ENG. I am afraid this is what is around the corner. I never thought it would come to this. Elmore does not really have any skin in this game. If he succeed he gets to exercise...read more
0 stars

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

I stand corrected it is about 20 million  rate and reply
0 stars

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

It is all this uncertainty that is delaying a partner to come in. If ENG gets a renewal in Oct they lose half of Lotshi?? One would think that if ENG renews the PSC early and got an early renewal...read more
0 stars

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

According to page 12 in Energulfs presentation they say they expect a farmout agreement this quarter,drill 2-3 wells in the third quarter and an extension of the license in the fourth quarter. http:/...read more
0 stars

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

From Wallywills link: Exploration permits are granted by the Minister in charge of Hydrocarbons and are valid for a period of three years, renewable twice for a period of two years i.e. a maximum...read more
0 stars

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...read more
0 stars

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

it does not state that existing permits will get extended for 3 years. That article only states that existing permits will be renegotiated in 36 months from when the law is enacted. Currently there is...read more
0 stars

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

A new oil law is beeing debated in Dr Congo now.The draft proposes that existing permits will be extended for three years and that the tax will be 40%,thats very high for African standards. I guess an...read more
0 stars

RE:RE:John Elmore - Another Lightweight??

Passport, I am sensing your frustration, but I do not believe in a "conspiracy". I have been investing in stocks for over 30 years and I have seen many tricks but normally the easiest explanation is...read more
1 star

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

What  would  be the incentive to extend the license? They have done nothing for five  years. The company is in disarray and incapable of advancing the block. There won't be any drilling. The block...read more
0 stars

RE:RE:John Elmore - Another Lightweight??

There is 2 possibilities that could happen with regards to Lotshi. 1. Extend the Lotshi license before any drilling. 2. Drilling would happen this year only if a partner was willing to sign up...read more
0 stars

RE:John Elmore - Another Lightweight??

We will see. Elmore will either be a genius or a loser. So far he is another loser. I am too starting to seriously question the quality of the assets. Either that, and this has crossed my mind many...read more
0 stars

John Elmore - Another Lightweight??

If we get nothing before the end of April, this guy should be gone.  It will be so apparent that the assets that everyone thinks are valuable....are for sure not valuable.  If they were, we would be...read more
5 stars

RE:RE:RE:RE:RE:RE:Lotshi Drill Window

There is plenty of overhang on this stock, some of it has been waiting for years to get out so it is not surprising at all to see some selling into the bid, especially when some liquidity is present...read more
0 stars

RE:RE:RE:RE:RE:Lotshi Drill Window

meant to say "sell into the bid"  rate and reply
0 stars

RE:RE:RE:RE:Lotshi Drill Window

Beenburned64 wrote: My conclusion, I haven't reached one yet but it's trading over .40 for a reason. I surmise they are setting the stage for something. I think its like I speculated originally.  Its...read more
0 stars

Bids Building at 40 cents

Something has got to be going on.  Very few shares have traded below 40 in the last two months. The bollinger bands are very tight.  Something is going to snap hard.....one way or the other very soon.  rate and reply
0 stars

RE:RE:RE:Lotshi Drill Window

My conclusion, I haven't reached one yet but it's trading over .40 for a reason. I surmise they are setting the stage for something.  rate and reply
0 stars

RE:RE:Lotshi Drill Window

What I do not understand is how ENG continues to trade above 40 cents given the circumstances you mentioned. My conclusion......I am perplexed....  rate and reply
1 star

RE:Lotshi Drill Window

I sincerely doubt anything will happen. It would have happened already. With 1711 most likely gone and lotshi on the fence, you draw your own conclusions.  rate and reply