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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 engaged in the business of acquiring and developing oil and gas projects interest in Africa.
Price: $0.085 | Change: $0.00 | %Change: 0.00%
Volume: 1,000 | Day High/Low: 0.085/0.085 | 52 Week High/Low: 0.44/0.075
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0 stars

RE:RE:Drilling in Congo in 2016

"As required by the PSC, the Company is obligated to pay annually US$250,000 to the Ministry for various fees and US$20,000 to the Ministry of Environment. During the nine months ended November 30...read more
0 stars

RE:Drilling in Congo in 2016

Thanks Columbus. That is why the impasse. In the link to the article: "Congo’s parliament has been debating a new oil law since 2013. Groups including Global Witness have criticized drafts of the code...read more
0 stars

Drilling in Congo in 2016

http://www.bloomberg.com/news/articles/2015-02-12/billionaire-gertler-s-congo-oil-company-expects-drilling-by-2016  rate and reply
0 stars

RE:RE:RE:RE:RE:Hydrocarbon law delayed again-reason why there is no deal?

If the reason for not having a deal  is due to uncertanties and not having clear legislation and Energulf feels the law wont be passed soon they will be forced to raise money to drill on their own.Imo...read more
0 stars

RE:RE:RE:RE:Hydrocarbon law delayed again-reason why there is no deal?

We were considering why the government has not decided on a new hydrocarbon law has not been passed. Do some research on Perenco and its secrecy with the existing government. The people who are in...read more
3 stars

RE:RE:RE:Hydrocarbon law delayed again-reason why there is no deal?

There are many reasons a deal might not work out. Beyond the fundamentals which are excellent regarding lotshi, meaning geology and logistics since we are 30 miles away from perenco terminal, the most...read more
3.5 stars

RE:RE:RE:Hydrocarbon law delayed again-reason why there is no deal?

its called corruption  rate and reply
3 stars

RE:RE:Hydrocarbon law delayed again-reason why there is no deal?

We dont know but all these years Energulf could have had several interested companies willing to sign a deal,only waiting for the new law. If im not mistaken the summer session of the parlament ends...read more
0 stars

RE:Hydrocarbon law delayed again-reason why there is no deal?

No idea why its so difficult for them to agree on a new law.In most countries it would take maximum a couple of months.in Dr Congo they have debated the new law for years.From what Im hearing several...read more
0 stars

RE:RE:RE:Some hard questions

Today is the last day the managements of Energulf and Columbus Copper should be satiesfied with their dd on the other part.Maybe a connection to the increased volume? "The Acquisition is subject to...read more
0 stars

RE:RE:Some hard questions

Nice volume is coming up  rate and reply
0 stars

Hydrocarbon law delayed again-reason why there is no deal?

According to earlier information the much delayed hydrocarbon law should have been adopted in  march-early april.It seems its delayed again. According to some info Cohydro the Congolese state company...read more
0 stars

RE:RE:Some hard questions

The company is Africa Onshore Drilling http://www.africadrilling.com subsidary toFortesa with main activity in Senegal. Energulf and AOD had a nonbinding agreement for a drill rig.At that time on...read more
0 stars

RE:Some hard questions

Farm-in partner Lotshi; some years back ENG came out with the message that stated that a South African company, don't know the name anymore, was suppost to drill at lothsi. On the company's website...read more
0 stars

Some hard questions

What is puzzling is that ENG has been trying to get a partner since 2011.  What on earth could be the problem??? I mean really, if the Lotshi block was as explosive as we are expecting it to be then...read more
0 stars

RE:RE:Buyout target?

I was not aware of any debt by Columbus Copper.Still with a debt Energulf is cheap,especially if they are trying to get a farmin partner to reimburst what they have payed until now.  rate and reply
0 stars

RE:Buyout target?

C1494, CCU could have a 10 million (CAD?) debt from negative cash flow shown on their latest financials. If this is correct, a buyout after the merger would require this debt to be assumed by buyers...read more
0 stars

Buyout target?

At these low lewels its almost a better deal to buy Energulf than to get in to a farmin deal for any company interested in Energulfs prospects. Some Columbus Copper shareholders expressed their...read more
0 stars

52 wk low....

Looks promising.   Where are all the buyers taking advantage of these low prices? Waiting for lower?  rate and reply
0 stars

RE:RE:RE:RE:RE:Energulf owns Gazania 148 ?

Gazania isnt worth anything without seismic or drilling at 1711.Its a big question if the Namibians will pay 25-40 million$ for seismic as required.Probably they hoped they would find farmin partners...read more