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I think there is a 100% chance that the last 50 posts will contain at least a 75% chance they will be about the 2% chance of hitting oil. There is a 25% chance that I might be mistaken about the 50% chance. If the 2% chance of striking oil if off by even .08% then we will be in trouble of not making the 75%
LOL
Yes, we hit 100 billion barrels of Oil, We have already ran a pipe all the way to the great USA for us to use. The birds are signing and all is great.
IMO, This is still a big lotto play, but where else are you going to find a stock this cheap with a chance to change lives? You invest 1k and you run a risk of loosing it or being able to pay off all your bills.
Worth the risk IMO.
Some of the negitive posts here are so funny. It's easy to pick out the people with questionable motives.
GLTA!!!!
WOW, wish I had that kind of money to invest here. Good to see the word getting around.
GLTA
I agree I was just thinking about it all works.
forgive my lack of knowledge but I thought the stock price will follow the results of the quartly reports and not the overall value of the find? Am I wrong?I know this can be HUGE but it might take a few quarters to get great numbers or would/could it be (like you said) that the stock value would reflect the overall value of the find (in this case we might be looking at 53.5 bil or $123 a share.
could someone shed some light .
Thanks in advance.
Now the most important questions are, Where is the rig, is it under contract with any other company, how long to get it back to the site?
Excited about todays news but will be more excited when we know how soon the back to site agreement can be worked out.
anyone know the current status of the Hunt rig? Is it really getting ready to ship off? only reason I ask is the last rumor of the rig moving to drill for another company a few months ago turned out true. I hate to feed rumors but EEGC can not let that rig get moved off of Tas. We will be back to were we were 2 years ago... except without a lease.
If the rights offering closes on March 15th and Malk buys all the left over shares when will the money be available to secure the rig?
One last thing, If we do have the Flare Gas Tech at our disposal then why have we not made use of it? Why isn't it being marketed to other companies?
Needed to vent... gggrrrrrr
Another month gone and no news. How much longer will this string along?
wow, I'll have to read that later unless someone wants to give the cliff note version....LOL
Merry Christmas everyone
if so then after they finish giving away shares they will do another R/S.
Got to love'em
Only if we have our lease by then.
How much longer will MRT make us wait for a answer? Come on. Lets get this show started already!!!
I don't understand why the long wait?
Wish they would hury up and let us get back making progress......PLEASE
I love this -
Empire has re-commissioned RPS Energy (a world leader in oil and gas valuations) to further evaluate and validate the Bellevue and Thunderbolt structures to underpin the US$3.3 billion (equal to US$10 per share) asset value determined by WHK and has arranged increased accommodation availability at Bronte Park to house the additional workforce needed to complete the work at Bellevue.
Doesn't this sound like the workers might have been put on stand-by??
am i seeing this right??? .065 ask ??? might see that dime after all!!!
I hope your right, would love to see that number after we strike Oil!!
So did hunt get paid? or is this an agreement that they will start as soon as paid... i don't follow. I do agree it looks like a great sign (glad I picked up some yesterday on the dip)
I find it interesting that we stay in the mid 2 cent area. I would have thought we would see a slow slide down with every passing day but we are not. All hope appears not lost and I do hope this will turn out to be a story people talk about for years.
Hope to see some news soon, next bit of info will tell us exactly where we stand.
Plan A) Get rights offering approved, Show MRT the money, Get new license, Drill
My question is - Is there a plan B? What if Right Offering is not approved? What if Rights offering does get approved but MRT decides to go in anther direction?
This stock has become as interesting as mowing my yard but i'll still hold and hope for the best.
Then I must of been mistaken, I thought we were notified of the rights offering sometime last Nov/Dec-ish
looks like we need the planets to align for this to work out. I'm really loosing faith here. We need the rights offering to be approved and we have been waiting for that for a year. We need the Tas to approve a new lease. We need Mal to actually have the money if these two things do happen. And if all this fails Mal might want to hire a little person in hopes he turns out to be a leprechaun.
Still think that R/S was a good move Toyshare????
What a way to kill a good stock, they could have actually made some money at the time. They listened to the wrong advice.
oh, well
Am I correct in thinking that we are about 6 weeks from drilling only after the rights offering is approved and license approved? We must have both items before we can move forward. After that, then we have to wait 30 days for the rights offering to complete, then at least 2 weeks to recall crews and maybe another 2 weeks to get the rig set back up.
so I guess 2 months after we offering and license approvals...right?
One thing that continues to bug me is - If Mal had the money to keep EEGC afloat for months then why did he not fund the 700k it would have took back at the beginning of the year to drill?
We came so close just to give a crew practice setting up a rig and taking it down.
Before I start holding hands, building statues and singing songs about Malcolm I want to see some Oil flowing. Until we have some oil then i'll just continue to hope for the best while fearing that our best days are behind us.
But I have some funds sitting on the side to only be used if something happens here but not until.
" So your telling me there's a chance"
God, I love the movie Dumb and Dumber
The chance of there being any commercial oil at all in the Bellevue dome is calculated to be only 2%. The 90% figure you quote relates to the probability CAPACITY of the reservoir which says nothing at all about the LIKELIHOOD of oil being present.
I have a couple questions if someone could help -
1) Once the Rights Offering has been approved how long before people get the letters?
2) How long does MB have to wait to buy all of the Offering that was not purchased by shareholders? In other words how long does he have to give shareholders to make up their mind to purchase or not? and will the money be available to the company immediately?
Thank you in advance.
After all this time the only thing we find out is that the rig is still in Aus.
At least we know why there has been no PR's, they have had nothing to say. No advances made in the last couple months.
I'm not saying this game is over but its 4th and 50yds to go. Only thing left is a Hail Mary pass and pray. I hope this quarter back can still throw the ball.
I hope something is still going on that might save the day.
Delay in report also. Not big news b/c only drilling news will move this stock.
Notification that Quarterly Report will be submitted late (NT 10-Q)
http://ih.advfn.com/p.php?pid=nmona&cb=1250532827&article=39076861&symbol=NB%5EEEGC
For some reason the message was deleted before I could read it. Whats all the talk about Talisman Mining????
What would you say is the finish line? The line (date) that either we must have financing to recall the rig and crew, or we are finished due to lack of funding.
When is the point of no return? If you were to ask me back in January I would have said June or July at the latest.
I figure it will take 3 to 4 weeks to get the rig back set up and crew recalled.... right?
I hope your right. I would love to see this thing moving. Just with every passing day I get a little more worried.
Still hanging in.
I would say you have a 95% chance of loosing here... BUT, the remaining 5% chance of success would be a huge reward.
This gamble is big, very high risk with a large reward.
odds might be a little more like 98% to 2 % but we will see. I'm going to ride it out.
I see after another week we still have nothing. Whats the status of the LOC or has it been determined that the LOC was another false hope.
The big news today is, we have no news.
We have been waiting since January for good news so we will wait another week.
Next PR better be something more than the typical, we are just waiting on the funds.
I'm so ready for this stock to do something. Sink or swim
We could have paid a guy $8.00 an hour to dig the hole with an old rusty shovel and he would have been done by now.
Rights offering will do nothing if Malcolm is still waiting on the LOC to happen.
Only news that would be considered good is
1) LOC is in place and first 5 million draft has been made for a loan to EEGC from Malcolm. With this money the Rig is on its way back, the crew has already been recalled and a drill start date announced.
2) Extension on the current lease.
Only two things I could think of that would be considered good news. ANYTHING else and it will be considered another b/s PR.
Here hoping for the best.
At this point we need to start something. 5 million would be easier to start with and then he could continue work to free up the other 45 million.
Earlier in the week it was reported that the rig should be back on Friday, Do we have the rig back??? Can anyone confirm if the rig has been winterized and is now being set back up?