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Good thing I couldn't sleep tonight and decided to stay up and watch the fun with you guys. If we can get on the other side of that MA 200 then that would be good to see. We haven't been on that path for a while.
Empire Lodges Resale Registration Statement with SEC for Final Approval and Plans to Lodge Registration Statement for Final Approval of AUD $11 Million (US $9 Million) Rights Offering Shortly
http://newsticker.welt.de/?module=smarthouse&id=936574
Thanks for posting that video Howard.
After viewing this video I went to the SEC site for:
Frequently Requested FOIA Document:
Fails-to-Deliver Data
http://www.sec.gov/foia/docs/failsdata.htm
I downloaded the latest file and did a quick scan for EEGC. What did I find?
20090721|291648103|EEGC|30883|EMPIRE ENERGY CORPORATION INTE|0.02
20090722|291648103|EEGC|30883|EMPIRE ENERGY CORPORATION INTE|0.02
20090723|291648103|EEGC|55883|EMPIRE ENERGY CORPORATION INTE|0.02
20090724|291648103|EEGC|55883|EMPIRE ENERGY CORPORATION INTE|0.02
20090727|291648103|EEGC|884|EMPIRE ENERGY CORPORATION INTE|0.02
20090728|291648103|EEGC|11002|EMPIRE ENERGY CORPORATION INTE|0.02
20090730|291648103|EEGC|2|EMPIRE ENERGY CORPORATION INTE|0.02
20090731|291648103|EEGC|2|EMPIRE ENERGY CORPORATION INTE|0.02
Maybe us longs should take out our holdings in physical certificates?
A release in the next week or two with something more specific would set things up for another nice advance. A bit of selling off that .03 to get through, so I would expect a bit more horizontal work to go in over the next week. Why would anyone think the game is over? the market has sorted out those who think this was going nowhere. They should be off the boat by now. This thing has only just begun!
We are shaking off the start of the MA50 numbers from that drop from 0.055 a few weeks back. It would be good to see this close off well for the end of the week.
I was expecting this thing to drift down a bit to test the gap - a bit more support during the next session would be good to see.
Thanks Howard for your post on that to reassure us of some good things in the works.
I'm still expecting this thing to go horizontal a bit more or drift down a little to test some of those rising moving averages before we see any push up again. Any major upwards movement over the next day or two would be over extending a bit more than it should be. With more volatility it will just bring in more traders after a few scalps. JMO.
I am looking. Just wondered if it would test the gap.
Any comments on what today might bring?
Some infographic animations for flare gas recovery.
http://vgt.no/default.asp?ID=81&K=46#
Good potential for the future as an additional revenue stream if it can be made to happen.
I noticed a bit more activity in Twitter by traders that picked up EEGC in their stock scanning for possible breakouts. It just had short term front running / trader / program trader all over it.
Well, not much there to comment on over the drilling programme, hence the PPS back to the MA 50.
About the longer term fluffery and "careful consideration"???, how long would it take before any revenue could be gained with Mr B's technology? Does he have any patents on it? I haven't found any so far. Why would someone want to spend any money to buy his super dooper flare gas scooper?
Seems like the PPS has a gas burn off itself - up one day, burnt off the next.
It looks like a bit more horizontal pps for a while till Mr B. can deliver what the market really wants.
Nice to wake up to the day to find out we have an upside breakout. Good strong move and holding above %50 at the close - nice.
I was beginning to get a bit sick of singing that Paul Simon song, Slip Slidin' Away this week.
"Once more unto the breach, dear friends, once more"
Meaning: Let us try again one more time.
I would like to think so as well. Thanks for your comment back on that one.
Has anyone considered the technical setups on the chart as a reason for holding off? would this be a possible reason as well? just something I was looking at but wondered if anyone else had considered that. We have been in such a long falling trend that any positive? news release soon, must surely hope to break that current trend and timing for any release could be just as important.
Anyone seen the Capt? or did we loose him overboard?
Yes I think that is the key here. Don't bet the house on it. If you write off the car, you might just be walking for a while, or taking the bus.
Yes - but hey, anything bad happens I'll just chalk it down to a learning experience. No use selling at this point in time.
Not much volume but a bit of movement. Calm before the storm?
I have had a few black eyes over this thing, but no one is going to get my holding given to them cheaply. Doesn't matter what people say good or bad, or what people think MC has in his pocket. We have been down here (Oct 08) before and gut feeling tells me this cat still has a bit of bounce in it to come.
Thanks Howard, I was thinking maybe a week or two to do that type of job.
I would hope that the improved efficiency benefit from the update will make a big difference.
I think it could make an interesting script as well, but better to wait and see how it plays out. I prefer happy endings.
3 Day Snow forecast for Tasmania. This might help show how much snow is falling in the area.
http://www.snow-forecast.com/maps/static/tasmania/next3days/snow
General Weather.
http://www.snow-forecast.com/maps/static/tasmania/3days
It should of been done before as you have pointed out. Time will tell.
I hope that there shouldn't be any more reason for delay after the mast gets the update. I guess MB is looking for breathing space till he sorts his money out.
I looked at the Tasmanian weather report yesterday and did see a few warnings on there, so it's no wonder that with more winter weather and cold blasts on the way that the mast gets a bit of winter maintenance and a safety update. I would imagine it would not be a great job to be up that thing on a cold winter day. Any problems during winter drilling and they would have the Tasmanian OH&S over them. Most of the sites on the Hunt web page for the rig just looked like outback ones where there isn't the same wintery problem. Maybe Hunt is just taking the opportunity to have the best industry record for "Accident free days"?
(note: picture thanks to Vincent, so note that the day number would be much higher now.
I hope we get to see some better change next week after this big recent dump.
I picked up 110k off the bottom here just to bring my average down. I was aiming for 333,334 (one more than Vincent and his lucky number?) lol, but got past that quite easily with the drop.
I'm working late 4:23am NZT and decided to check in on you guys. This was not the direction I was wanting to see it go. I am just waiting on funds to clear and maybe a news update before I jump in again on this.
Great to see on that chart at the end with a nice little pop, even with the downward test for today. I think there is still a bit of a headwind there from all of the previous sell off, but it will be nice once it all starts to go in the same direction and builds in more of a change of trend on the upside! The hockey stick chart will come later.
I just hope that the written approval will turn into a real account deposit and then some real drill rig action. It should only take a day or two to clear an electronic bank transaction?
Good to see a positive key day. I hope all those who picked up yesterday and today at the lower pps are those who will hold for a while. Best of luck to you.
I can't believe that some of you still have some spare cash round to keep picking up more on this - good luck, but I am at my holding limit at the moment. There might be a few like me downunder buying off US trade accounts where the lower USD is helping at the moment.
He probably brought them back at 13.50 a number of years back and kept holding.
My partner is a bit of a psychic and scares me some times with what she predicts, like telling a friend a couple of days ago he was going to win $500 of his scratch lotto - and he did, and then telling me it will still be a year before I get rich. If EEGC is not going anywhere at the moment then maybe that is the one that will get me there in a year or so?
Good point Howard, thanks for that
With the way that this thing bounced off the 0.035 mark to close up well against the past few days, then I believe something is up. Even if its the start of a run to pull it out of the recent downwards congestion.
We need to see this thing pull out of the downward drift, so I hope that the announcement will be made shortly to help pull it back off the bottom and will get Hunt drilling.
"Negotiations for this funding are well advanced on a number of fronts and a further announcement is expected shortly. The Registration Statement includes 20 million Empire Energy shares provided as security to Hunt as part of the agreement with GSLM."
Thanks Vincent for your reassurance. I have a bit less than you but I have had some spare cash on the side and undecided about putting that in. I just missed out the other day. Other than that old oil drum, have you found any other interesting rock formations and seeps in the area?
Yes I would agree on that point since it is only those who stay up late or early in the morning in this part to trade online for the US session. With many holding, there hasn't been the impact as I expected either - and we have something to be positive about again.