O/S- Currently 287,393,190 shares There is a rights offering to shareholders as of 12/08 which allows them to purchase 1 share of EEGC stock at .07 for every 2 shares they own. After the rights offering the O/S will be 421,000,902 shares. The company will raise $9,352,540 by doing this.
1- Our lease in Tasmania is 30,000 square kilometer exploration zone licensed to GSLM. Great Southland Minerals is wholy owned by EEGC.
2. Our first drill site is Bellevue#1-
3. Here are the pictures of the Hunt Energy rig set up on site-
4. Here are pictures taken by EEGC Shareholder and IHUB poster- VincentMertens 4/13-4/29 in Tasmania.
Please note the chart on lower left of mosaic- probability of 90% of hitting 283 million barrels of oil probability of 50% of hitting 620 million barrels of oil probability of 10% of hitting 1.256 billion barrels of oil
Reading of the seismic- Go across the top of the seismic chart- Note the KM scale- 7 kilometers long or approximately 4.5 miles
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