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We all hope so !
Several people are sending me private messages on this bulletin board. I cannot reply to these messages since I'm not a Premium member. However, I do invite everyone to contact me on vmertens AT gmail.com !
Great weekend to all!
Guys, I was just browsing through some "old" Press Releases and I recommend you to take a look at this PR dated May 2008.
<<<
Tasmanian Government Acknowledges 'Recent Progress' by Empire Energy; Company Expects to Obtain Funding for Tasmanian Basin Drilling by End of Second Quarter
Empire Energy Corporation International (OTCBB: EEGC) today said that the Tasmanian Government has stated it is "pleased to note the company's recent progress" in finalizing plans to commence drilling for oil and natural gas on its onshore Tasmanian Basin license area by August of this year.
These plans, described in a May 6 analyst report published by Beacon Equity Research, projects that Empire, through its wholly owned subsidiary Great South Land Minerals Limited (GSLM), plans to drill eight to fifteen wells on license property believed to hold prospective oil and gas resources valued at $7 to $15 billion.
Tasmania Minister for Energy and Resources, David Llewellyn, stated last week, "Rising oil costs and diminishing world reserves makes the Tasmanian exploration very important. A commercial oil or gas discovery would benefit our economy enormously and assist in meeting Tasmania's and Australia's future energy needs."
Mr. Llewellyn added that the analyst report's geologic research, compiled by independent consulting firm RPS Energy, "is another small but important step towards the possibility that a commercial oil and gas resource exists and could one day be developed by GSLM and its parent company Empire Energy."
Malcolm Bendall, founder and CEO of Empire, welcomed the comments and the support of the Minister and reported, "We are looking forward to realizing success on this project I started thirty years ago. Joint venture discussions with two parties are proceeding 'satisfactorily' and are expected to produce funding proposals by the end of the second quarter. In addition, discussions are in progress with a number of investor groups in Asia and Europe interested in obtaining a substantial equity stake in the company."
>>>
First off all, it's great to see that the government supports "our" company.
Furthermore, notice that all "expectations" mentioned in this PR were "spot on".
Some examples:
*<<<Company Expects to Obtain Funding for Tasmanian Basin Drilling by End of Second Quarter>>>
In July, the MOU between the company and Genesis / New Times (Smart Win) was signed!
Remember, if they ("the Chinese") kept their promise and hadn't stopped paying after 3.9 million, the Bellevue well would already have been drilled...
*<<<to commence drilling for oil and natural gas on its onshore Tasmanian Basin license area by August of this year.>>>
Drilling actually started in August! Pictures of this (drilling the top hole) can be found on www.gslm.com.au .
Stay tuned! Good things are coming soon!
Hahahahaha!!! Thanks for cheering me up, Howie !
Have a great day!!!
I think there's trout in it. Tasmania is the trout fishing capital of the world! I personally also went fly-fishing one day and did catch some trout !
This is great information. Especially this part:
Because water is used in drilling, there must be a source of water nearby. If there is no natural source, a well must be dug.
At the Bellevue site, they use a nearby small lake for this.
A.o. Clive Burrett also already went fishing in this lake !
For me, waiting for news is also EXTREMELY frustrating (I'm a very impatient person), but I do believe the people at GSLM know what they're doing...
Good things often take a long time.
Examples:
*Fast-food <> Real fresh cooked food
*Going to the whores <> Building up a real, strong relationship
*...
This investment will most surely also turn out fantastic! I do look forward to meeting you all in Tassie! What about October/November (Australian spring!)?
Absolutely! We'll all meet in beautiful Tassie as soon as the PPS "explodes"... !
They do have the right people on board!!!
Yeah, that's what the Fibonacci sequence says:
1 1 2 3 5 8 13 21 34 55 89 144 ...
EEGC's PPC will also increase like that.
A rabbit will come out of GSLM's hat soon ...
http://www.magicnevin.com/rabbit%20hat%20clipart.gif
A PR tomorrow would be a fantastic surprise to end the week.
This is an interesting question. Probably "ZequalsZ" on the Yahoo discussion board can answer it.
Call the Hobart office, that's where things are happening...
Maybe they can now use their 10% interest in Geominex as a collateral?
I said MAYBE! This is just a guess...
Good things often take long...
Great post, Marc! I also appreciated our meeting !
Good post! Did you talk to Guy Roberts?
Guiding me !
For those who are interested: recent pictures (taken by me) of the drilling site and rig can be found at:
http://vmertens.be/DrillingSite/
Good Seismic on a potential well does not cost $40 million.
Sure, but they did have to define these "potential wells" first.
Great article! Where did you find this?
They had to do research first to determine drilling locations with a high success-probability.
A lot of people are criticizing Malcolm without knowing what they're talking about.
Excactly, Howard!
I agree for 333% (because 3 is my lucky number, ie 333,333 shares ).
Thanks for posting this Marc!!! And to all the ladies (only Jess Sutton ???) and gentlemen working for GSLM in Tassie (and around the world):
THANKS, GOOD LUCK and KNOW THAT THERE WILL ALWAYS BE PEOPLE (especially Belgians, hehe) WHO FULLY SUPPORT YOU!!!
Vincent.
Very true!
Exactly !
I know people who plan to do the same thing as you, so as soon as they start drilling, the PPS will........ GO UP !
This isn't true at all!!!
All the oil/gas reserves they discover before September 30th become property of GSLM!!!
I'm sure they won't wait till their license is renewed!
I'm jealous! If I had the money, I'd also buy more shares!
What about robbing a bank together, dear compatriot Marc ?
I've already posted pictures of the (independently (government) verified) Lonnevale Oil Seep about a week ago.
This is a high risk-HUGE REWARD stock !!!!
The people at the company are doing everything they can and I'm sure we'll see the results of this reflected in the PPS soon !
Vincent.
I discovered another oil seep in Tasmania !!!
(near Tarraleah)
This seep is even more spectacular than the Lonnevale seep! The oil comes to the surface in barrels!
Watch this: http://img19.imageshack.us/img19/1517/pict0924s.jpg
This new PR is actually very positive the way I interpret it.
You (and Howard) are right and I will return on the 28th as planned.
I might return in the spring/summer (Belgian fall/winter). By then, EEGC will be trading MUCH higher!
What was in that message?
You can e-mail it to me.
I'm not thin-skinned, so don't worry: I won't cry for it
Yeah off course, that was just a joke... I've already posted pictures of the real rig at the Bellevue site.
Do you live in Tassie?
Picture out of the Tasmanian White Pages:
http://img11.imageshack.us/img11/5148/imag0480.jpg
Btw: Their office is now in Murray Street (not Macquarie Street).
Another drilling rig here in Tassie !
http://img19.imageshack.us/img19/9524/pict0694t.jpg
Grtz
Vincent.
Article in "The Sunday Tasmanian":
http://vmertens.be/article20090419.JPG
http://www.themercury.com.au/article/2009/04/19/67855_tasmania-news.html