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"Well me personally I won't be ripped off by this company no more and ask that many others that sit silent here join in to making sure all things in future we put forth to SEC. Believe me they are very familiar with this company."
Would you please tell me how you could be ripped off by this company again?
Isn't it a fact for that to happen you would have to buy shares in the company again. Knowing how you feel do you believe anyone would think you would buy shares again. I don't think so. I believe you want the company to disappear.
I don't want to see the company disappear when there is a chance it could be turned around by Mr. Burton. Can he do it? I don't know! Is it worth a try? Yes!
At this stage of the game everybody that is still a shareholder has nothing to lose and only a possibility of recouping some lost funds.
I am willing to help Mr. Burton in his effort to turn the company around. I don't know if he can but only time will tell.
We have absolutely NOTHING TO LOSE, by waiting to see what develops.
I totally understand how upset the past investors are and I am as well, but that is water under the bridge. Now we seek some positive results that Randall Burton can bring to the company. I support that effort.
Lucy again I'm going with EEGC, thanks
I am not promoting the stock. As far as differences go, Viva la Difference.
I don't care if anyone buys or sells the stock, I am interested in making the company profitable so that the past investor can possibly recoup some of his lost investment. That's all. Its up to the new management.
I expect the lease approval in short order and the start of drilling, but it doesn't end there. I believe a lot more money will be required to drill all of the domes once the wells at Bellevue and Thunderbolt are drilled.
This process of recovering oil from the ground will take more years then I will see in my remaining life time. Each productive dome will require multiple wells and the internal structures will have to be built to house the oil and trucking and or pipelines laid to collecting points likely at the shore line to load the oil on tankers. In time if we can collect enough oil a refinery should be built. It may only be a dream at this point but it could become real as time will tell. So stick around and with a little patience we may all be wealthy some day.
There was never an intention to punish new investors but rather to reward the faithful long term investor. In that respect I believe any un invested rights offering will be made available to investors on a first come first served basis. I do also believe that the entire rights offering will be subscribed entirely. This is a great opportunity for the new investors to buy shares at a cost below the 7 cents but even that is based on the individuals circumstance.
What is important to note is that the company is moving ahead and once MRT approves of the lease drilling will begin and the moment of truth will be upon us.
Good luck what ever you decide.
Its accurate even today. You still have a hard time getting a mortgage and a person is not guilty until tried and convicted. Once they were tried and convicted it changed but at that time it was true and still is true today.
The people removed from management have been replaced and we move forward and hopefully on to make money.
Wrong. A convicted felon can not serve as a company officer. She has resigned previously.
Drilling is where its at. Without drilling and striking oil we are in limbo. Is it worth buying shares at 7 cents when the market is at 4 cents?
Yes and no. Yes if it means that it will provide money to drill where otherwise the money would not be available. Also if a large block were involved the stock price would go up big time if an order were to be placed at 4 cents. It would not be filled. Buying small quantities at 4 cents now is a good idea to increase your holdings and maybe even lower your cost average. Buying at 7 cents provides money to drill and secures the value of your other shares. There is no easy answer on this but a combination of both might be the answer. With the MRT approval the price should rise above the 7 cent price and insure the buyout of the offering then its no contest its a steel. Right now you have to second guess and see what happens in the next week or two.
To answer the question: WHY! Should I buy the rights offering at 7 cents when the current market price is at 4 cents?
First you have about 30 days to exercise your options at 7 cents and I expect the price to go up after the MRT lease approval.
Second when you buy open market you are buying stock someone is selling and this does not help the company to pay for drilling Bellevue or Thunderbolt.
When you exercise your rights offering the money goes into the company treasure and will pay for the drilling.
What you do is your business but you should know the facts first.
People should start to be receiving the rights offering data.
Be alert...the world needs more lerts
I am not promoting this stock, I don't ask you to either buy or sell the stock, I just want the new management to have the opportunity to turn the company around and in this effort I will help any way I can. Enough already about past performance, we all know the complete story and nobody is being taken in.
This is the goodby letter from the person that crashed his plane into the building that housed the IRS
http://www.thesmokinggun.com/archive/years/2010/0218102stack1.html
Mr Burton has stated that there will be transparency and I am sure he will communicate with the public via Press Releases when he feels it appropriate. I have a standing offer to help update the IBOX and aid him any way I can to keep the public informed. Its a push to get the company back on the right track.
Nobody is either buying or selling. For now the company is trying to turn itself around. It doesn't require any buying or selling of stock.
The first steps are in the process of being taken.
A Hedge Fund that had/has a lot of shares
I have just talked with Mr Randall Burton and I am impressed.
We will be communicating in the near future and the IBOX will be updated.
His main goal is to turn the company around.
Things are beginning to look up.
I have no idea. If the amount is greater then 5% of the O/S then they have to file.
I don't second guess Malcolm. He has the future of EEGC well in hand. There is a lot going on that the public is not aware about and in time will be informed. Right now we await the MRT lease approval, From that point a lot will unfold.
What you saw was a very old article dated August 28, 2007
Michael was fired shortly thereafter and is in no way connected with EEGC
Tuesday, August 28, 2007
Empire Energy gets new chairman, CEO
Kansas City Business Journal
Nonsense.
You ain't seen nothing yet...Just wait till MRT delivers the lease approval. TO - DA - MOON Alice.
I have just called the transfer agent and confirmed these current share numbers:
Outstanding 102,543,338 as of February 16, 2010
Authorized 250,000,000 as of February 16, 2010.
The IBOX has been updated
TEGR up 71% today
Empire $9M Rights Offering Approved by SEC, Begins February 16, 2010
Date : 02/16/2010 @ 8:48AM
Source : PR Newswire
Stock : (EEGC)
Quote : 0.041 0.0 (0.00%) @ 2:05AM
Empire $9M Rights Offering Approved by SEC, Begins February 16, 2010
LEAWOOD, Kan., Feb. 16 /PRNewswire-FirstCall/ --
Empire Energy Corporation International (Empire)(OTC:EEGC) (BULLETIN BOARD: EEGC) announced the beginning of the $9 million Rights Offering on February 16, 2010. The Securities and Exchange Commission allowed the Registration to become effective February 12, 2010. Mailing of the rights certificates, and the prospectus which will accompany the distribution of the rights certificates by Interwest Transfer Company, Inc, to all of Empire's shareholders of record as of December 18, 2008 began on Saturday, February 13, 2010. The offering period will close March 18, 2010.
Shareholders of record December 18, 2008 will receive a Rights Certificate for the number of shares they are entitled to acquire based on one (1) share for each two (2) shares owned on the record date. In other words, if 200 shares of EEGC common stock were owned on December 18, 2008, the certificate will reflect a right to acquire 100 new shares at a purchase price of US$.07 per share. Shareholders who would like to exercise their rights to purchase shares provided for in the certificate must fill out the Subscription Certificate included in the mailing and deliver the completed form along with the subscription price to our transfer agent by the end of the subscription period on March 18, 2010.
Additionally, assuming all of the rights holders do not fully exercise their privilege to acquire shares, rights holders that did exercise all of their rights will be permitted to participate in the follow-on oversubscription privilege to acquire additional shares at the US$.07 price. Rights holders that qualify for the oversubscription privilege will be notified of the number of shares available under that privilege at the close of the initial period March 18, 2010 and will need to provide an additional subscription form and payment during an additional oversubscription period.
The Tasmanian State Government is currently in a 'caretaker period', however, executive government continues to operate and Ministers remain in authority. The Minister's statutory responsibilities, especially those with time limits, are not affected except to the extent that any decision that is within the discretion of the Minister must be considered in the context of the caretaker conventions. Otherwise the normal work of the State Service including operational and other activities continues without interruption.
This includes the Minister making a final decision for the Exploration License 14/2009 application.
RPS Evaluation
As advised previously, Empire has received an independent expert valuation for the Bellevue and Thunderbolt Prospects. RPS Energy a global leader in Oil and Gas valuations has completed an independent study focusing on Empire's Bellevue and Thunderbolt prospects. The base case EMV (Expected Monetary Value) for Bellevue and Thunderbolt Prospects is a positive USD $ 50.9 million. The EMV is the sum of the risked NPVs for all outcomes of success and failure. RPS has valued the unrisked NPV10 of the Bellevue Prospect at USD $ 2.97 billion and the Thunderbolt Prospect at USD $ 0.99 billion. This is very positive for Empire Energy and gives the company added confidence to proceed with drilling. Empire CEO Malcolm Bendall commented that the report was very good news indeed and confirms the long held view by Empire that Bellevue and Thunderbolt are prime locations representing great opportunities in the search for commercial quantities of oil and gas onshore Tasmania.
10 Year Exploration Report - SEL13/98 Final Report
As reported previously and posted on our website last year a copy of the Final Report for SEL13/98 (Exploration Activity of GSLM and its predecessor companies, 1984-2009) will be forwarded to shareholders shortly. This report is for information purposes only.
The Final Report details the past 10 years exploration activity and expenditure and show that Empire and GSLM have expended in excess of AU$50 million of capital investment in Tasmania, meeting all the license conditions set by Mineral Resources Tasmania for SEL13/98.
Operations and Drilling Update
As previously stated, the Bronte Park accommodation near Bellevue #1 has also been upgraded and will accommodate the drilling crew, contractors and GSLM staff.
Empire Energy Corporation is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Tasmania's central and northern basins.
This press release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Empire's ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements. For a more detailed discussion of risks and other factors related to Empire Energy Corporation International, please refer to 10-K and 10-Q reports filed with the U.S. Securities and Exchange Commission.
Contact: Malcolm Bendall 877-663-2310
DATASOURCE: Empire Energy Corporation International
CONTACT: Malcolm Bendall of Empire Energy Corporation International,
1-877-663-2310
Good Morning:
The rights offering is being mailed today.
There are people that are worried about the Tasmanian government won't grant a license because its an election period. Not true!
The government saw this in the past as a possible problem and addressed it with the "Caretaker convention 2006".
It is available for viewing on line but its too long to post here.
Empire Energy Corporation International (EEGC), is not in the poultry business. We seek oil, gas, coal/methane and also marketing Flare gas nanotech licenses.
Hmmmm. Maybe I know something you don't. Then again maybe not. Its up to you to do research for your own comfort.
This a partial reprint of the PR. Read every word then do it again and again.
Now we wait to see if he can achieve some results. Till then cool it!
(PINKSHEETS: PCSO) announced it has named Randall G. Burton Chairman and President effective immediately. Burton has been tasked to focus on specific issues that are facing the company as he endeavors to rehabilitate its corporate
image and provide clarity around the current portfolio of loans, the Series A and B Preferred Shares and the 21 outstanding Funding Commitments with non-affiliates that were issued in 2004 - 2005.
Speaking about this assignment, Burton commented, "I am pleased to have the opportunity to lead and reorganize Protective. One of my first endeavors is to improve communication and transparency while I evaluate the opportunities presently available to Protective. In conjunction with a new management team, I look forward to unlocking the unrealized gain on the PCSO shares in order to increase the value to shareholders."
Its not a difficult problem to solve. All one has to do is form a joint venture with a company with a license.
Sayings of the Jewish Buddhist
If there is no self, whose arthritis is this?
>
Be here now. Be someplace else later. Is that so complicated?
>
Drink tea and nourish life; with the first sip, joy; with the second sip, satisfaction;
> with the third sip, peace; with the fourth, a Danish.
>
_ Wherever you go, there you are. Your luggage is another story.
>
Accept misfortune as a blessing. Do not wish for perfect health, or a life
> without problems. What would you talk about?
>
The journey of a thousand miles begins with a single Oy.
>
There is no escaping karma. In a previous life, you never called, you never wrote,
> you never visited. And whose fault was that?
>
> Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.
>
>_ The Tao does not speak. The Tao does not blame. The Tao does not take sides. The Tao
> has no expectations. The Tao demands nothing of others. The Tao is not Jewish.
>
>Breathe in. Breathe out. Breathe in. Breathe out. Forget this, and attaining
> Enlightenment will be the least of your problems.
>
Let your mind be as a floating cloud. Let your stillness be as a wooded glen. And sit up straight. You'll never meet the Buddha with such rounded shoulders.
>
> Deep inside you are ten thousand flowers.
> Each flower blossoms ten thousand times.
> Each blossom has ten thousand petals.
> You might want to see a specialist.
>
>_ Be aware of your body. Be aware of your perceptions. Keep in mind that not
> every physical sensation is a symptom of a terminal illness.
>
> The Torah says, Love your neighbor as yourself.
> The Buddha says, There is no self.
> So, maybe we're off the hook.
>
>
> .
EEGC for me Lucy, thanks
If as you say they had no income how could they have made themselves rich.
I can't answer the questions that all the investors ask but I am on a hunt for answers. You have to wait till we find the answers. The new CEO will be making statements in the future as to where we stand. Till then you have to wait.
Its your question you find it. As far as the company collecting on loans its too soon to tell. I will wait and see what happens, I have nothing to loose but some time.
Randall G. Burton, is the CEO,
Carol Johnson resigned as CEO and this was stated in a previous PR.
The Johnsons have no connection with any management position in PSCO.
Go back and read all the previous PRs.
Good morning
The company would be the one qualified to answer your questions, my answers would be just a guess.
I believe we will see MRTs approval of the lease very shortly as they know we are ready to drill short of providing the funds to do the job. Now with proof of the Rights Offering and $9 million US the Hunt #3 rig can do the job. Don't forget the government gets 12% of the revenue and so they are the biggest investor so to speak.
Everyone want EEGC to strike oil and the share price should continue to rise as the company announces progress.
With the share price below 7 cents many won't buy but I believe we will rise above the 7 cents shortly. Its a question of timing and should the price fail to reach the above 7 cent mark, Malcolm stands ready to buy up all the unexercised Rights.
We are well on the way to rich rewards in my opinion just keep the faith and patience.
Good Morning;
This week is the time to be looking for the rights offering to arrive either in your mail box if you hold certificates or your brokerage account.
The mailing is set to go out Tuesday.
The ride begins....Strap yourself in and off we go!
I am using common sense. I have nothing to loose and all to gain if the new CEO can pull a rabbit out of a hat I'll be here to cheer him on.
"I think a big determining factor for any shareholder is: do you trust your CEO? For me, if you can answer that question honestly, taking into account all the facts at hand, then a decision of positioning can be reached. gl all"
This was a post from another board I ran across and think it applies here. I also think the answer here is I don't know but time will tell.
If its not a business then why install a new CEO. They must feel there is money to be made or they wouldn't bother. Also there was funding of past deals and I don't know which are credible at this point. I need time to develop the companies potential if there is any. Time will tell. Nobody is investing any more money in it so your down side risk from this point is zero. What do you have to loose? Maybe something to gain!