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Its staring you right in the face.
Empire Energy moves forward at a rapid pace!
What is next?
Will the next announcement be about the restored domes?
Will it include the expanded structure of the company?
How about receiving $45,000,000,(the first funding of the $180,000,000?
Will it address the $300,000,000 for Flare Gas Program?
Will the company announce who the Joint Venture partner is?
Will they talk about the model 1100 drill rig?
Did I leave anything out? Answer: YES! I can hardly wait to see whats in the next PR. Its coming soon and its all good!
Check out 18057 its the link you seek.
The case of Hunt vs GSLM was decided in favor of GSLM by a judge. You can spin your story any way you want it doesn't change the outcome. They filed on the basis of insolvency and this was found not to be true and admitted by Hunt. Those are the facts. The rest of the posts are fantasy.
Empire energy:(EEGC)
The price of the stock is now predicated on 4 different areas contributing to its earnings:
Oil will be the biggest but we have to hit it first.
Flare Gas.
Credit Card and financing.
Waste recycling.
As I have always said in the past, this is a long term hold and based on how each division performs the sky is the limit. Now this is what you have to look out for. If the company prospects are that good then we will be bought out and the time frame to make a lot of money will shorten but so will the payout.
I haven't a clue what the figure will be because it will be determined by the company value at the time.
Its all good. JMHO!
EEGC:
All,
I just spoke with Malcolm who asked that I send out a note announcing that GSLM won its solvency hearing today in Tasmania.
Hunt Energy, who originally filed the wind-up order, formally withdraw their application and submitted an affidavit to the Court in which the Company stated they believed GSLM to be solvent, as determined by their own solvency expert. With no other creditors having lodged complaints, the Judge ruled in favor of GSLM.
Cordially,
Reid Simon
REID A. SIMON
Empire Energy Corporation International
All,
I just spoke with Malcolm who asked that I send out a note announcing that GSLM won its solvency hearing today in Tasmania.
Hunt Energy, who originally filed the wind-up order, formally withdraw their application and submitted an affidavit to the Court in which the Company stated they believed GSLM to be solvent, as determined by their own solvency expert. With no other creditors having lodged complaints, the Judge ruled in favor of GSLM.
Cordially,
Reid Simon
REID A. SIMON
Empire Energy Corporation International
Empire energy:
The price of the stock is now predicated on 4 different areas contributing to its earnings:
Oil will be the biggest but we have to hit it first.
Flare Gas.
Credit Card and financing.
Waste recycling.
As I have always said in the past, this is a long term hold and based on how each division performs the sky is the limit. Now this is what you have to look out for. If the company prospects are that good then we will be bought out and the time frame to make a lot of money will shorten but so will the payout.
I haven't a clue what the figure will be because it will be determined by the company value at the time.
Its all good. JMHO!
Good morning.
A very long time ago before all the PRs told of great potential this company presented I said this is a buy and hold. I never put a time frame on it because I knew it would take many years for a start up company with the resources they had and the potential funding they would need to make a lot of money. This is as always been a buy and hold. It will still be years for the full potential to be brought to fruition. The valuable goods are in the ground and the demand can only grow and so to all stop complaining and use patience. It will take as long as it takes. This company doesn't need good luck, they already have it. They just need more time.
Good morning EEGC share holders.
This appears to be a week of adventure.
Excitement is on the program, so standby as we move forward in our quest to great wealth.
EEGC Company News Reprint
EEGC
Empire Energy Corporation International Other OTC
Back to Headlines | Print Version | ShareThis
Empire Drilling Program Recommencement Scheduled, Financial Structuring Details and Grand Monarch Business Projections
LEAWOOD, Kan.--(BUSINESS WIRE)-- Empire Energy Corporation International (Empire) (Pink Sheets:EEGC) announced on Friday, September 3rd, 2010, that after consultation and coordination with the Company’s drilling contractors and GEFCO, the rig’s manufacturer, and through their renewed confidence in Empire’s financial strength obtained through diversification and anticipated bond sales, Empire has scheduled recommencement of its 12-hole drilling program.
GEFCO’s Vice President of International Sales, Art Kliewer, commented: “GEFCO is confident in continuing our long-term relationship with Empire Energy and are working with Empire on the coordination and purchase of all ancillary equipment to accompany their new Speedstar 1100 drilling rig. We are excited for the Company and its shareholders as we prepare shipment to Australia of the new rig and its components in the very near future.”
Once the rig has completed construction and shipment, Empire’s drilling contractors have agreed to be mobilized to the Bellevue site by mid-November to embark on a summer (Australian summer, US winter) drilling program.
Empire has secured the engagement to complete the prerequisite requirements for the structured finance, estimated to cost $12 million. This was accomplished through the oversubscription of the Company’s rights offering, which closed last month. These commitments are anticipated to cover the expenses associated with the $180 million financial structuring. Included in this statement of charges are the fees associated with the preparation and issuance of a prospectus for principally protected notes, the purchase of an insurance policy to enhance the rating and quality of these notes, the fees incurred to have the notes rated by an internationally accredited rating agency, the costs related to the placement of the notes with investors as well as management fees for the above Bermuda-based management services.
Subject to the notes being completed and placed, the Company expects to be able to begin drawing down on the $180 million in $45-million-per-year tranches for four consecutive years in the coming months, as the terms of a joint venture with a specific Gulf–based oil company evolve.
In the meantime, Empire is progressing with its reacquisition of Grand Monarch Holdings as a means to obtaining additional diversified revenue streams for the benefit of all current and future Empire shareholders. These added revenue streams have the potential to independently support Empire’s short-term drilling program and the ongoing funding of Empire’s wholly owned Australian subsidiary, Great South Land Minerals Limited.
Grand Monarch operates primarily as a financial services provider through its principal business of issuing low-interest-rate credit cards for which profit is generated through a variety of means. This includes a per-card activation fee, a percentage of each cardholder’s charged transactions as well as development of a bankable asset portfolio based on a set value per card issued. Supplementary to the numerous cards already issued, Grand Monarch confidently expects to issue an additional hundreds of thousands of credit cards within the next year.
In an effort to diversify Grand Monarch’s revenue streams, the Company has recently obtained exclusive licensing and sales rights for an innovative proprietary medical waste treatment platform, whose patents are held by Sanitec Industries, a US corporation. These machines are currently operating in hospitals throughout the United States and 12 foreign countries. Grand Monarch is now the exclusive provider for this product in the states of California, Nevada, Arizona and Washington, as well as the UAE, Saudi Arabia, Qatar and all of West Africa. Last week the Company initiated negotiations on a $3 million purchase order with a private West African client. In addition to providing the machines at a reduced cost/free to some poverty stricken African nations, the Company predicts a sustained increase in sales as it expands this sector of its business operations both domestically and internationally.
Empire is engaged in negotiations with Mineral Resources Tasmania in regards to 10 structures worth over $1 billion, of its original EL14/2009 license application that were not granted to the Company. Today, Great South Land Minerals (GSLM) had a cordial meeting with the Tasmanian Minister of Energy and Resources, the Hon. Bryan Green, who aided in creation of GSLM’s previously successful works program which led to the discovery of Empire’s 12 structures currently valued at $3.3 billion, as well as with key Government personnel to openly discuss these disputed EL14/2009 claims and Empire’s financial structuring deal. The Company is pleased to note that the Government has expressed willingness to consider acknowledgement of any instrument that may be required to facilitate implementation of the securitization requirements associated with the structured finance deal. Both Companies look forward to continuing the positive interactive relationship with Mr. Green and the Government in completion of the Company’s finance deal and drilling its 12 structures discovered with world-class seismic, geological and geophysical surveys.
During the past few months, Empire has focused on developing its financial strength through a partnership for $180 million of structured finance as well as diversifying the Company’s short-term revenue streams with the strategic reacquisition of Grand Monarch Holdings. With the addition of an experienced team of financially, legally and politically well-versed businessmen to Empire’s Board and Advisory Board, including Mr. Mark Cowan, Mr. James Leach and Mr. David Villarreal III, led by Mr. David Villarreal Jr. as the new Chairman-elect, Empire has never been closer to the long-waited realization of its $3.3 billion undiscovered prospective valuation and the discovery and commercialization of the in-ground $50 billion of oil and gas in the Tasmania basin.
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 becoming 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.
There is NO reverse split coming, it was never ever considered and never will be considered. The only splits to be considered in the future are forward splits. Look at Exxon for the shares outstanding. As we move forward and after we strike oil and a dividend is declared people will tend to hold on to their shares for the dividend, This will in turn tighten up on liquidity and thus make it necessary to expand the float. Hence a forward split. But that could be years from now. There is a very good reason why the stock will go to $4.00 and higher but you just have to wait for it.
It isn't $20 million its $45 million. Yes they are floating bonds at $20 million a float but the funding is $45 to EEGC not $20 million. I don't know where you people come up with these things.
Just like most of your ramblings they are wrong. Its obvious those that do it are not friends of EEGC and don't want them to strike oil. Just my opinion.
I have been doing some research on EEGC going to the Nasdaq.
There are many qualifications they must be met and 4 different groups that can be met to get listed but in all of the groups the initial listing the company must have a bid price of $4.00. There are many other qualifications and they are no big deal but the $4.00 is common to all four groups.
Now the question you have to ask is how a company that is priced at $.02 at the bid is able to get the Bid price to $4.00. I figured it out and you can too all you have to do is think about it.
EEGC for me. Thanks
Seek and thou shall find!
EEGC! Looking forward is the only way to look. Backward is past and no money there. So what do we have looking forward! Loads of Money and I do mean loads. Big fat bank accounts.
Just look at the overlooked Flare Gas part of the business. If you have a nice amount of EEGC stock the Flare gas division will generate a nice fat dividend.
Oil is a gamble but not as much as one would think. We don't use divining rods to find it. We have moved ahead out of the stone age and use newer methods. Now we wet our finger and hold it up to the wind. Just kidding! Seismic research has brought us a long way toward eliminating mistakes. The company spent a bundle doing this research but its worth it if we bring home productive wells. Time will tell and the time is now. This is the beginning of the future. The days and weeks ahead will make a lot of people very happy also some unhappy.
"IT'S WHAT YOU SCATTER..... .
I was at the corner grocery store buying some early potatoes... I noticed a small boy, delicate of bone and feature, ragged but clean, hungrily apprising a basket of freshly picked green peas.
I paid for my potatoes but was also drawn to the display of fresh green peas. I am a pushover for creamed peas and new potatoes.
Pondering the peas, I couldn't help overhearing the conversation between Mr. Miller (the store owner) and the ragged boy next to me.
'Hello Barry, how are you today?'
'H'lo, Mr. Miller. Fine, thank ya. Jus' admirin' them peas. They sure look good.'
'They are good, Barry. How's your Ma?'
'Fine. Gittin' stronger alla' time.'
'Good. Anything I can help you with?'
'No, Sir. Jus' admirin' them peas.'
'Would you like to take some home?' Asked Mr. Miller.
'No, Sir. Got nuthin' to pay for 'em with.'
'Well, what have you to trade me for some of those peas?'
'All I got's my prize marble here.'
'Is that right? Let me see it' said Miller.
'Here 'tis. She's a dandy.'
'I can see that. Hmm mmm, only thing is this one is blue and I sort of go for red. Do you have a red one like this at home?' the store owner asked..
'Not zackley but almost.'
'Tell you what. Take this sack of peas home with you and next trip this way let me look at that red marble'. Mr. Miller told the boy.
'Sure will. Thanks Mr. Miller.'
Mrs. Miller, who had been standing nearby, came over to help me.
With a smile she said, 'There are two other boys like him in our community, all three are in very poor circumstances. Jim just loves to bargain with them for peas, apples, tomatoes, or whatever.
When they come back with their red marbles, and they always do, he decides he doesn't like red after all and he sends them home with a bag of produce for a green marble or an orange one, when they come on their next trip to the store.'
I left the store smiling to myself, impressed with this man. A short time later I moved to Colorado , but I never forgot the story of this man, the boys, and their bartering for marbles.
Several years went by, each more rapid than the previous one. Just recently I had occasion to visit some old friends in that Idaho community and while I was there learned that Mr. Miller had died. They were having his visitation that evening and knowing my friends wanted to go, I agreed to accompany them. Upon arrival at the mortuary we fell into line to meet the relatives of the deceased and to offer whatever words of comfort we could.
Ahead of us in line were three young men. One was in an army uniform and the other two wore nice haircuts, dark suits and white shirts...all very professional looking. They approached Mrs. Miller, standing composed and smiling by her husband's casket.
Each of the young men hugged her, kissed her on the cheek, spoke briefly with her and moved on to the casket. Her misty light blue eyes followed them as, one by one; each young man stopped briefly and placed his own warm hand over the cold pale hand in the casket. Each left the mortuary awkwardly, wiping his eyes.
Our turn came to meet Mrs. Miller. I told her who I was and reminded her of the story from those many years ago and what she had told me about her husband's bartering for marbles. With her eyes glistening, she took my hand and led me to the casket.
'Those three young men who just left were the boys I told you about.
They just told me how they appreciated the things Jim 'traded' them. Now, at last, when Jim could not change his mind about color or size......they came to pay their debt.'
'We've never had a great deal of the wealth of this world,' she confided, 'but right now, Jim would consider himself the richest man in Idaho ..'
With loving gentleness she lifted the lifeless fingers of her deceased husband. Resting underneath were three exquisitely shined red marbles.
The Moral:
We will not be remembered by our words, but by our kind deeds. Life is not measured by the breaths we take, but by the moments that take our breath.
Today I wish you a day of ordinary miracles ~ A fresh pot of coffee you didn't make yourself...
An unexpected phone call from an old friend.... Green stoplights on your way to work....
The fastest line at the grocery store....
A good sing-along song on the radio...
Your keys found right where you left them.
Send this to the people you'll never forget. I just did...
If you don't send it to anyone, it means you are in way too much of a hurry to even notice the ordinary miracles when they occur.
IT'S NOT WHAT YOU GATHER, BUT WHAT YOU SCATTER THAT TELLS WHAT KIND OF LIFE YOU HAVE LIVED!
EEGC coming events. Lets see how can I put it..Hmmmm lets try baseball to show what's about to happen!
George Herman Ruth, (The babe), is at the bat. he bangs his cleets to dust them off, now he is in position. Pitcher is at ready. Round comes the arm, in comes the pitch, SWUNG ON! Its a long hard drive, GOING, GOING, GOING GONE into the upper decks of right field. ITS A HOME RUN WITH BASES LOADED!
That's your opinion I believe he got advise from council not to do it. Its all a guess on both of our parts so just realize it is not going to happen and Malcolm chose a different avenue to follow. The reasons were not shared. He is following the path of a Joint Venture and that relieves him of financial liability and it ends up with almost 4 times the amount. He may have jumped the gun with good intentions but was advised not to go that route. Neither you nor I know what changed his mind.
Yes conditions change and it may be the same reason not to use the line of credit to buy the rights as drilling. it could turn into a financial nightmare. I see no problem if the line of credit were to the company. If the line is personal, payments will start and without income it would continue to snowball his debt. Using a personal line of credit for company business is not a good idea. If no hydrocarbons were discovered he would be on the hook for the loan. If the company were on the hook they could wipe out the loan or float stock to cover the payments.
Lets do a little reverse. You use your personal funds to determine if hydrocarbons are present. Not logical or smart.
As far as Hunt vs GSLM, Malcolm doesn't seem worried so why are you.
What the hell happened, The stock collapses just because I go away for a few days. There is nothing wrong with it. Just wait till the next fight is announced you will all wished you loaded up at these prices. This is a stock with a nickel written all over it. Now lets get out there are buy the hell out of it for the gipper.
The $50 million line of credit is a personal line and he chooses not to disclose what he is doing with it. If he uses it he has to pay it back with interest. Its better to run funding through the company and eliminate personal liability. Besides he needs a lot more then that and the reason for the $180,000,000 with zero personal liability. I would say that's a dam good reason to use the big money rather then your own funds in that quantity. he may consider using it when his back is against the wall but its obvious it isn't.
They have stepped up and have been keeping this company alive, and they continue to do so till the big money comes in
They are both right. The past was the past and the future begins now. And yes you absolutely can have it both ways.
I don't see raising $12 million as a problem at all. Each one of the directors is either a billionaire or well up there. Also Malcolm has many close friends that are very wealthy and are also shareholders. In the past it was difficult if not impossible to raise large sums of money, but that has changed. The commodity EEGC is involved in is in eye range of many investors and that's about to become public with the next few PRs. It only takes a short term loan till the first stage of the funding starts.
Good morning Hot Stock Stalkers. Keep you eye on EEGC, (the good eye), for news about to arrive. The heat in the east has broken so have a great day.
EEGC/GSLM is the only topic for this board. If you are getting private messages from anyone and you wish for it to stop use the ignore feature. It is totally effective and will prevent you from responding and getting your message deleted.
OK enough on anoying posters now lets discuss whats coming.
You are all aware that many people bought this stock at much higher prices and many are pissed off that it keeps falling. Its the typical process because without the company providing results and current information to spike the price up it causes frustration.
I am here to tell you a press release is coming and although I don't know its content based on what they have been doing it has to be good. All your frustration will not make it go any faster. The well will be drilled without a doubt. For the well to be drilled money will be raised and a Joint Venture will happen and the oil rig will be bought ans shipped. There is still way more then enough time to accomplish the companies goals.
Now the addition of a new Chairman of the board is not to raise money for the oil rig but to give stability and round out the company with financial talent ato the top and have geological talent doing the oil exploration. The very reason to go the route of a Joint venture is to bring expertise in drilling to the company. With these additions we now have all three areas covered, Finance, Geology, Drilling and Management.
So sit back and relax because good news is about to arrive.
Chairman of EEGC:
"Chairman is certainly a big deal position for a guy that we don't know much about.. I'd also like that question answered. Thanks"
I wish I could tell you a lot about him but I know almost nothing. I can tell you that Tad Ballentyne, a director of EEGC knows him and likes him and that he has an MBA in finance I believe. He is middle aged and highly thought of.
So why bring on a Finance expert? Malcolm knows oil, hes big in geology but hes not an expert in finance and his connections are with experts in geology. Now with smart people in both areas it becomes a dynamite combination with exposure to both fields. It can only be a positive combination. JMO
I expect a new PR either this week or beginning next week.
Just to throw a bit of a road block into Earnies line of thinking.
EEGC.PK is a company that is not required to file reports as they did when it was a BB company. They did have financials and they were completed by a CPA but until they are on the BB I don't know what they are required to file if anything. Application to go on the OTCBB is either going to be made or was just made. In which case they will have current reports that are acceptable to the SEC. They would have to be audited financials with full disclosure.
Remember the old adage, "What you don't know can't hurt you!" Its not true. What do don't know will hurt you. You are tossing out rhetoric based on past PRs. We have come a long way in accomplishments since the last one. So what ever your JMHO is its wrong as usual. You want the facts well I'll give them to you and everybody else at the same time. Sorry you have to wait though till the company posts them first.
Ha reverting to the old link ploy. Sorry I don't share that information. You can't prove I am wrong but in a short time I will prove I am right. I never do research for anyone else. Asking for a link is a desperation move. Sorry.
LIKE I SAID, WRONG! ITS A DONE DEAL
Wrong. The cash due is a done deal!
The Rights offering ended by being oversubscribed and the actual cash received has not been posted. Many shareholders that were eligible exercised their option and bought. Details were not released.
GSLM/EEGC quote from The Mercury Newspaper,
"GSLM's Hobart-based chief geologist Clive Burrett said company founder Malcolm Bendall was in New York securing finance for the drilling program.
Dr Burrett said a drill rig from Oklahoma would arrive in the "next month or so" and drilling would begin some time after that."
OOPS! Did the good Dr. Burrett let something slip. We have to wait and see.
This is all posturing for position. Hunt will never see a piece of the company unless they buy stock. They want the future business. Their claim is offset by their failure to perform so just wait to see the results because I don't know how this will progress although as I said I know the outcome. Work backwards for the true picture.
In addition the lease will do Hunt no good because they don't have the funding to support the drilling on their own.
DarKnight's 'Nude Nuns With Big Guns' US Premiere September 24, 2010
Date : 09/07/2010 @ 9:15AM
Source : MarketWire
Stock : Camelot Entertainment Group, Inc. (CMGR)
Quote : 0.076 0.0 (0.00%) @ 9:16AM
DarKnight's 'Nude Nuns With Big Guns' US Premiere September 24, 2010
Camelot Entertainment Group, Inc. Common Stock (OTCBB:CMGR)
Intraday Stock Chart
Today : Tuesday 7 September 2010
Click Here for more Camelot Entertainment Group, Inc. Common Stock Charts.
Camelot Entertainment Group, Inc. (OTCBB: CMGR) ("Camelot") and DarKnight Pictures ("DKP") announced today that DKP's Nude Nuns with Big Guns will have its US premiere on Friday, September 24th at the Arizona Underground Film Festival in Tucson.
"This cult-film festival is the perfect platform to unveil the long awaited US premiere of 'Nude Nuns with Big Guns'," commented Camelot VP of Marketing and PR Jessica Kelly. "With films like Machete doing well here in the US, we expect solid results for 'Nude Nuns'."
In its third year, the Arizona Underground Film Festival is an eight-day, non-profit film festival whose sole mission is to showcase the work of filmmakers with defiantly independent visions.
Nude Nuns with Big Guns is a Freak Show Entertainment Production written and directed by Joseph Guzman. The film tells the story of Sister Sarah as she seeks revenge against a sinister clergy and a rogue motorcycle gang after she is drugged, raped and left for dead.
ABOUT CAMELOT ENTERTAINMENT
Camelot Entertainment Group, Inc. (www.camelotent.com) is a US publicly traded company (OTCBB: CMGR) with four divisions: Camelot Film Group, Camelot Distribution and DarKnight Pictures, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Camelot is a member of the Independent Film & Television Alliance (IFTA).
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Contact:
Jonathon Russo
Camelot Entertainment
Email Contact
(772) 919-8747 begin_of_the_skype_highlighting (772) 919-8747 end_of_the_skype_highlighting