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Ore concentrates are priced with a three month and six month price fixing - so with silver and gold miners now closing operations - the reduction of available refinery bullion will start to be felt in the August and September time frame. September is also the time that gold and silver prices traditionally begin to rise - leading up to the PDAC in March. So I buy today to position myself for the September effect - I see scarcity - chops and a much higher prices in gold and silver mining stocks - that become the only available proxy of physical (unavailable gold and sliver coins and bullion).
Meanwhile we read today that many gold and silver miners are temporarily closing production. Smart move - why feed a manipulated market at prices below production cost? Remember it takes the ore concentrates about six months to be converted into refined ingots - so buying one JNUG now should have a focus on August 2020 target - what do you think August 2020 will look like? For August I see global chaos and gold over $10,000 an ounce due to all the QE and unlimited incoming inflation. So today a $4000 JNUG is a cheap ticket to huge retention maneuver to preserve one's wealth. Crazy> Absolutely..!!! But then have your ever met a self made millionaire that was not a bit strange and not part of the herd?
I realize that JNUG is an out of pace - timebomb -- always going off at the wrong time. But look at how wonderfully screwed up the gold and silver market is. The London Metal Exchange is having a problem making delivery and the COMEX is also unable to deliver. Lets not forget all the silver COMEX storage disappearing in Building 7 on 9/11. All the AU/AG manipulators are going insane - LOVELY. This is a rare CHAOS moment to take the bazooka approach - buy a ONE JNUG for $4000 and wake up a couple of months later to see where the dead are lying. the JNUG might be $40,000. It could also be $40. I am betting on $40,000. HAVE FUN WATCHING THE MANIPULATORS DIE OF THEIR OWN POISON.
better yet, send me 1 million shares of eegc stock - the current price is 1 cent a share - so the ten thousand dollars i am owned, I will be happy to take in more eegc stock.
yes, smart win did the classical CHINESE BORDELLO HUSTLE, with a new twist. The bordello hustle is simple. Bring in a young girl, get her pregnant, take the baby away from the mother and mother can only see her baby if she continutes to work in the bordello.
Smart win put up some money to get EEG's dictaor to commit to a drilling program - then our dictator diverted the money to other fun and games - instead of keeping tight fiscal controls to the project -
I heard smart win had a trick provision in the funding agreement; EEGC could not loan money from anyone else - only Smart Win. Sort of like the JP Morgan screwing of Tesla back in 1910. znd a new twist of the bordello hustle.
But EEGC is no angel either. Put money into EEGC's dictaors hand and the first thing he does is fly first class to Monaco and of course his trademake is stayng in $1,000 a night hotel rooms in California;
A couple of years ago I got phone calls from California asking me to do a favor to keep David Valleyreeoh as the CEO of EEGC. The shill was if I would chip in some money - his pals would owe me the money and they would pass on money to David's so he could pay his bills.
I had all the good intentions - I did send off $10,000 and I have never been paid back. Trying to do a favor for EEGC and getting screwed.
So send me the $10,000.
Better yet send a PR that formally comfirms the drill rig purchase, and travel status of the rig; and the milestone chart of what drilling will be done, where and when.
Umm buying a oil rig (and hopefully not a mineral rig) that is currently located in Tasmania would be a smart move. The last time - remebering the Bellview fiasco - EEGC used a mineral rig - they did not have the correct drill bits and also there was a failure to have the pipe on hand - so the lack of logistics planning ate up alot of the daily drilling expenses for the Hunt drill crew.
I hope we are not going to be stupid again and do the same mistakes.
If it is a mineral rig and not a real oil drilling rig - then we are going to end up with another jerk off plan that never gets to depth.
If the oil rig is not physically in Tasmania, but in Australia mainland - the rig will take travel time to the port; then a boat to transport the 27 truck loads of equipment; and then a couple of weeks to inspect the equipment by tasmania health officials. and then it takes about 52 different site plans, pond traps for water from drilling; etc etc to finally begin drilling.
That is what I remember from the Bellview fiasco.
Do we have the right drill bits? Do we have enough pipe? Do we have the technical equipment to measure the size of the dome (if we hit one) to come up with a accurate estimate of how many barrels of oil are in the dome? Do we have all the required permits, permissions and agreements?
Summary assessment: I am unfortunately relying on hope.
Hope is what poor people rely on when they have no other resource for help - like the depositors in Cyprus.
Lenins said: Hope is the mother of a fool.
Being a major stockholder I am voicing my opinion about incompetence - delays - and failure to complete stated tasks.
A year ago my 6.2 million shares of the approximate 430 million shares authorized - equaled about 1.5% ownership of EEGC. I am very certain that Malcomb took 55% of my shares owned, and 55% of the shares owned by everyone else, and gave them to TXO and pals in London -
We have not have a stockholders meeting in years.
EEGC is a listed company in the USA and I resent the fact that a Tasmanian - hiding in London - never convenes a public stockholders meeting in my country - the USA. It is my goverment that gave EEGC the authorization to exist. The authorization is not carved in stone - it is a privilege, not a right - and USA citizens like me - are not happy.
The decision to take away 55% of shareholder ownership and give it to TXO and others - cost me $310,000 using a base share price of ten cents a share.
I see such a manuever like that - the same as the "haircut" the depositors in Cyprus banks suffered.
Over the past eight years, I bought 1.5 percent of the total authorized shares of EEGC and now I have a percentage share of half of that.
Of course if you want to buy me 3.1 millions shares to re-adjust my former ownership of 1.5 percent of the total ownership shares of EEGC - I would accept such shares with joy.
So send me the shares.
sincerely jim krilich aka jim16640
Hi Guys - its been a long time since I posted anything on Ihub. I been holding and occasionally buying more EEGC stock for over eight years - and the failure to accomplish a simple task of drilling one G-- D--- hole makes me extremely angry.
April 22 court hearing - or what ever you want to call the event -is thirteen days away. Where I come from - no one in a fiducuary responsible position ever waits for the last minute to reach a crticial milestone that carries a punative suspense date.
But the Tassmanians never do anything on time, and they always do it at the last minute. In fact - looking back over the past eight years - I cannot think of a single instance when anything was ever done prior to a suspense date. One of these days they are going to strike out. Will it be 13 days from now..?? I don't know. I hope not. But I feel like a fool depending on hope.
I see that TXO has put a fence around its wallet - no money unless we get the leases extended.
Meanwhile, as Malcomb lives the good life in London, my 6.2 million shares of ownership have been signficantly devalued by his deal to sell off 55 percent of EEGC to TXO and others.
So I have no idea how much of percent my 6.2 million shares represents in total ownership. But it is over a 50% deduction from when the shares outstanding were around 430 million. None of the stock holders even know how many shares are outstanding. Is Malcomb selling shares to buy toilet paper??
So just like Cyprus investors getting their savings taken away - Malcomb has in effect taken away 3.1 million shares from me by selling 55% of EEGC for $100,00 and a promise of funding from TXO. etc.
I too have heard of rumors of two drill rigs; drilling to have started last weekend; going to make alot of money on finding natural gas..... I also hear rumors that nothing has occurred except more trees slaughtered for paper reports to the MRT.
I feel the train has left the station. with all the new oil discovereies else where in the world - and the new huge discovery in southern Australia, ...
I am still holding on to my shares, but my recent investments have been in Iraq. That is where oil is - it will be the wealtest country in the world eventually.
If the Tazsmanians ever learn to do anything on time - within budget, and coordinated with logistics support - I will be very surprised. ps its called program management and systems management ....
I am not a basher - I am just tired of waiting and waiting and waiting for something material to justify my brilliance for investing in EEGC.
So the bottom line is simple. Show me the money, show me the oil drill rigs - show me some g-- d-- oil, or gas. Simple??
sincerely jim krilich aka jim16640
I believe with EEGC being a non reporting company - there is little or no SEC oversight on what a penny stock does.
During the past four months, the following brokerage firms refused to transfer EEGC shares from one of my accounts cleared by Penson.
Scottrade; Schwab.
Those are big companies. I say again, they refused to let me transfer my shares from another account into either my scottrade account or my schwab account. I merely was trying to consolidate accounts to reduce my incoming mail.
I did finally find one small firm that would accept a transfer of EEGC' but I had to deposit alot of money in advance before they would do it to cover their administrative expenses.
"Empire has also moved to secure???
WHAT DOES MOVE TO SECURE MEAN? I WONDER, ARE THESE TRICK WORDS TO MAKE ME BELIVE HE HAS ACCOMPLISHED AN ACTUAL EVENT MILESTONE?
the support???
WHAT TYPE OF SUPPORT: FUNDING? OR MAYBE THE CHINESE SIMPLY PAID A HOTEL BILL FOR MALCOMB TO CONTINUE LIVING IN LONDON?
of an Asian based investment company, NBD Partners as a bidding partner in the application process.
This was accomplished
WHAT WAS ACCOMPLISHED???
after reaching agreement with a NBD Partners to enter into terms
WHAT DOES ENTER INTO THE TERMS MEAN?
for a $50 million JV agreement on Empire’s Tasmania Basin project through Great South Land Minerals Limited
VAGUE, MISLEADING...?? HAS FUNDING BEEN RECEIVED?? WHERE IS THE DRILL RIG?/ WHAT IS THE LEASE STATUS IS TASMANIA?
i will own 4 million shares of EEGC. Lost hundreds of thousands of dollars beliving in Malcolm. My wife died last May - waiting for EEGC to come through - I was a fool to belive in Malcolm now he is going to do someting again in Africa?? What a joke. A sick joke. But then maybe there is a possiblilty that it is true. What are the odds: 1 out of 4 million? Ummm naw, based on past performance of Malcomb I BELIVE HE WILL spend one year in Afaica, while ignoring the leaes in Tasmania because if he does not drill in Tasmania in the next few months )the summer months) the leases expire. THE LEASES ARE GOING TO EXPIRE IN A COUPLE OF MONTHS?? HAS TIME RAN OUT IF HE DOES NOT DRILL IMMEDIATELY?? AND HOW CAN HE DRILL? DOES HE HAV THE MONEY?? DOES HE HAVE A DRILL RIG SITED? DOES NOT THE PROCESS TO INSPECT THE DRILL SITE TAKE A MONTH OF SO? DOES IT NOT TAKE A MONTH OF SO TO TRANSPORT THE DRILL RIG? DOES IT NOT TAKE A MONTH TO DO THE DRILLING?
I AM SICK JUST THINKING THAT MALCOMB HAS RUN OF TIME TO KEEP THE LEASES IN TASMANIA. I WONDER IS HE NOW COOKING UP A NEW POT OF STINK BY KEEPING THE GAME GOING - EXCEPT NOW IN AFRICA....?
I am horribly disappointed after eight years of investing in EEGC. From 20 cents a share to less than 2 cents a share.
loss loss loss loss loss loss and loss
ALL I SEE FOR THE PAST SIX YEARS IS PROMOTIONS, STOCK DEALS, FINANCINGS, LEASE SUBMISSIONS;
NO OIL YET, NO CARBONS YET, NO GAS. JUST FALLING STOCK PRICES, HUGE LOSSES IN MY INVESTMENT IN BELIEVING IN MALCOLM
I do not believe anything Malcomb writes. His words always confuse the present, the past, and the future.
I belive what he really wants to way is:
I found a new "game" in africa. Maybe I can trick you into another scam about resouces in some distant oil lease that I never will drill but I will continue to promote so i can affordto live my playboy life style in London.
In the meantime, i will use confusing words so as to convey the image that I am obtaining $50 million from someone in China.
Everyone knows I failed to get the job done in Tasmania, and if I were honest, i would have stated I had money to drill in Tasmania before I began the lies about some future project in Africa. But eveyone is stupid and i can play the same game over and over agian, but this time in Africa.
Meanwhile I can continue to trick my "true belivers" in our weekly Tuesday night prayer meetings. People that belive in Jesus are so easy to screw out of their life savings.
It is nice that nobody askes me were I am living. Fools all fools, I love them Praise the Lord.
I believe I no longer trust M.
HI.
My last job before I retired was being the Liason Officer of the Secretary of Defense to the Department of Defense Inspector General from 1991 to 1997.
About a year ago, when M was talking to me (he stopped taking my calls and changed his phone number) after I refused to introduce him to some of the high ranking and retired Navy officals I had met when I was working for Secretary of Defense Dick Cheney, Les Aspin; Bill Perry and Bill Cohen.
M was talking to me about the same idea of trying to talk the US Navy into looking at Tasmania as a re-fueling port facility. I told him the Navy would not be interested until it is proven that oil is in Tasmania.
I should have told him that I also did not want to risk my reputation of my 40 year career - with senior policy makers - by bringing M into meeting them.
I also should have told him that he is dumb to go around the Australian Royal Navy - imagine, forsaking your homeland of Australia and going to foreign military power?
Senior policy leaders in DOD want to know in advance who they are talking to; the known person, someone that has had access to cooridor E, that wants to bring in an unknown person -- risks his career if he brings in someone that is flakey.
The credability problem with M is that I believe he is incapable of following a specific outline and keeping to the subject. If he were able to get cleared to talk to someone like the Assistant Secretary of Defense for procuurement, or the Petrolium Procurment Staff, he will be looked at like a fool and all discussions - if he did not keep to the agenda - are curtailed.
When ever I meet someone of high power, I always premail a complete written statement - in advance - of what I am specifically going to say in the meeting. No one wants any surprises. I also include a list of references - that I know that the offical already knows - with the phone numbers; and I pre-coordinate with those references why I want to talk to the senkor official in advance - that way, again, there are no suprises.
I also believe M would never pass a security background check because the number one criteria is being credit worthy; and then a review of his past associates and family members.
How would M ever obtain a Insurance Bond to do any business with the US Government? If he can't get financing, he sure in hell will never get a business bond. (Business bonds are required to cover the cost of the contract in the effect of non-performance). I believe Non-performance is M's reputation.
I believe M would be doing better to ask the Russians if they are in favor of having a oil refueling port in Tasmania; that is if any Russians are willing to stick his neck out for M and it looks like, after two years of marriage - that has not happened. Putkin does take betrayal seriously, deadly seriously. I guess the Australian Navy does not.
The criteria that I listed in my previous post, is the background details to obtaining access into cooridor E, the inner security zone of the Service Department Secretaries (eg Navy, Army, etc) and also the Secretary of Defense.
I might be dumb enough to invest in EEGC, but I would never risk my 40 year career reputation - with a former TOP SECRET LEVEL 5 security clearance (1997 era) - as a character reference guaranteeing the credability of M to even a Seaman E-1 - most junior enlisted rank in the US Navy.
I believe M owns many people money and I believe his promises are not kept;
I believe M had disqualified himself as untrustworthy to be permited the privilege to serve as a member of the board of directors of any public traded company - listed in the any stock exchange under the authority of the SEC.
I believe that if an investigation were conduced by the SEC, and a detailed audit were conducted of the claimed expenses that justified the large purchase of Malcomb of EEGC stock, that the expenese might be found to be disqualified. Specially if those expenses cost continues First Class Air Travel, $1000 a night hotel rooms in Monte Carlo, Las Angeles, London...? If so than he might be found in violation of Sarbanes Huxley and that might cause him to be removed by the SEC from all Board of Directors of any listed trading US Stock - and perhaps even barred entrace back into the United States.
I believe there are also similiar problems waiting for M in his country of origin.
sincerely
James Krilich
I believe Malcolm has disqualified himself to be a member of any board of a public listed company in the United States.
This most recent news release regarding the US Navy interest in EEGC is hard for me to believe.
Malcolm Bendall to do business with the US Government has to register as a Foreign Agent to legally meet any member of the US Congress;
No DOD official will meet with anyone without Congressional liason in advance;
No foreigner will be admitted into the Pentagon to discuss any commercial project without the following background information submitted in advance: the Flag officers will be demanding to know in advance "who in the hell is this guy?"
The suffering junior staffer will be required to put together a clearance request and based on the level of security, the following is usually required to be submiteed by Malcolm to his handler:
1. he will have to submit at least a five year history of all his international trips - stating the dates; countries visited; hotels stayed in with the address and phone number; list the names of the peopleme meet with, including the name of their business, address and phone number and nationality; and the purpose of the meeting. Each person listed and their family members will be traced - ti see the organizations they belong to; known arrests or security file data; and if any person that Malcolm associates with is a known terrorist or someone deported from the USA - Malcolm will most likely denied clearance. If Defense Intelligence Agency digs up alot of terrorist contacts - no matter how innocent; Malcolm could even be barred from re-entry into the USA.
2. He will have to list every place he ever resided - in exact order - no time gapes; with address and provide three references including their name; address and phone numbers that know Malcolm at the time that he was living at that residence. That is each location - including friends homes, hotels residence, apartment residence since he was born.
3. To officially meet with any US Government official, a itinery must be written in advance to include the purpose of the meeting; the request must go through channels for approval; meeting minutes must be taken, to include a address contact information of each attendee.
4. He would also have to submit a list of all judical proceedings, arrests and outstanding warrants.
5. He will also have to submit a list of all organisations that he has ever belonged to - including current organisations; their address and phone numbers.
6. A complete list of all immediate famiy members. That might cause some excitment within US Security agencies due to his father in law in Siberia.
7. Depending on the level of security required to discuss strategic plans such as fuel depots on foreign shores; even more information may be required.
8. Credit worthiness check. Depending on the level of clearance required - highest level clearances involve interviwing all references; and a detailed credit check. Credit worthiness is the major reason for US citizens being denied security clearances; anyone that ever filed bankruptcy or refused to pay a credit card debt will never get a US Security Clearance. I am not sure how it would apply to a foreign national - but basically the more negative the information, the more likely the suspiction of unreliability, and no creditability.
If such a meeting to discuss US Navy interest in oil exploration in Tasmania was held - I suspect Senator Rockefeller would start collecting the decapated heads of Navy Admirals for his ranch out in Jackson Hole Colorado. I suspect American oil interests would want to be the deal makers and not inexperiecned Admirals that know nothing of the real world of oil politics and ownership of the seven sisters interlocking global dynasty. Senators approve the selection and promotion to Admiral. Now you know one of the reasons why.
Frankly, with the cost of oil as it is, there should be no shortage of credable investor interest.
Macolms attempt in this latest news releases makes me believe he is simply trying to ride the shirt tails of the US Navy so as to pull his weight around the investors who are fed up with his incompetence.
Believe me - no one in the US Department Defense would ever meet with Malcolm without the Australian Royal Navy in attendance. Also due to our great relationship with the Australian Royal Navy, it is to the advanage of the US to let the Australian Navy deal with Malcolm's dreams of a gas station in Tasmania; the US Department of Defense does not want to get involved in management of anything in Australia, specially when the Austrain Royal Navy is so wonderfully manned and equipted.
Again, my experience in coordination; the US Navy is very tied into great relations with the Australian Royal Navy and they would never be present in a meeting a foreign national from Tasmania without strong represenatation from the Australian Defense Ministry at that meeting and specailly the Australian Royal Navy.
I believe after being an investor for six years and a owner of four million shares; MALCOLM DOES NOT GET IT.
please do not complain about my typos I have three bandaged fingers. also this message board does not have a word check.
Sincerely
James Krilich
POWERFUL and EXPERIENCED BUSINESSMEN CAREFULLY CHOOSE THE RISKS AND REWARDS OF BEING A BOARD MEMBER OF ANY COMPANY.
We sure have a top notch Board of Directors. Best ever.
Now we even have the Flare Gas expert. A total surprise to me all these new names. Wow.
sincerely
Colonel Jim Krilich USA Retired
New Chairman, David Villarreal and Three Additional Directors Appointed to Empire Board, Three Advisors Join Advisory Board
LEAWOOD, Kan.--(BUSINESS WIRE)--Empire Energy Corporation International (Empire) (Pink Sheets:EEGC) announced on Wednesday, September 28th 2010 that four new directors have joined Empire’s Board of Directors. David Villarreal Jr. will replace CEO Malcolm Bendall as Chairman with responsibility for leading the Company’s now eight directors, including new directors Mr. James Leach, Mr. William Keating and Mr. John Essmyer, and promoting shareholders’ interests. Mr. Bendall will retain his role as Chief Executive Officer.
Mr. Villarreal submitted the following acceptance letter:
“It is with the utmost regard for the historical efforts of the Great South Land Minerals and Empire Energy management and Board of Directors that I accept the honor of serving as the new Chairman of the Board. I believe that in today’s marketplace within the oil exploration environment, Empire is positioned to extract qualities from its new Board of Directors makeup that will drive and facilitate the long awaited exploratory processes to become a reality.
While Empire’s business road to this juncture has been one with potential and promise, a more defined and tactical approach complimented by broader business, legal and strategic planning experience may well be the defining step to realizing both the company’s mission and shareholders realization to uncover the oil resources in the Tasmanian Basin that Empire has diligently pursued.
Additionally, while the concerted focus and pursuit of Empire’s core and primary commitment to oil exploration will be foremost, it is also the development potential in the recovering financial markets that present an opportunity for Empire to maximize its public trading vehicle by engaging in other business opportunities with capacity for success. One such enterprise is in the recovering financial services arena facilitating credit card opportunities to specialized markets. As another accessory to expanding and diversifying Empire’s base of operations is the expanding global market for medical waste treatment currently under development within the Grand Monarch Holdings, Inc. structure.
My interest is in the deployment of successful strategies and implementation of ideas and concepts that create results driven to satisfy the interests of all at Empire even with the full knowledge of its history of challenges and obstacles. An expression I heard and remembered many years ago said, “Encouraged people achieve the best; dominated people achieve second best; neglected people achieve the least.” So with respect to its author, I suggest that we at Empire encourage all of our investors, shareholders and supporters, dominate those that challenge our mission and neglect those that would claim or attempt to take that which they have not worked for and disrupt our due success.
I welcome the challenge and task ahead to create new and broader opportunities and therewith a propensity for greater success with the Board of Directors leadership and insight for all at Empire Energy Corporation International.”
Respectfully,
David Villarreal, Jr.
Mr. Villarreal has spent his career building and successfully managing companies primarily in the financial services industry as well maintaining significant long term organized labor and political relationships. He is the current President and Chief Executive Officer of Grand Monarch Holdings Incorporated and has been the Chairman of the Board of American Union Financial Services, Inc. (“AUFS”) since he founded it in April 2004. Previously, from 2000 to 2005, Mr. Villarreal served as the Chief Operating Officer of American Residential Funding, Inc., a multi billion-dollar national real estate and financial services company. From 1992 to 2000 Mr. Villarreal was President of L.S. Inland Ventures, Inc. which developed commercial real estate and moderate-income housing developments. Between 1998 and 2000, he was President and CEO of Solomon Trust Foundation, a philanthropic charitable organization providing direct financial assistance to low and moderate-income families to facilitate home ownership opportunities. Mr. Villarreal also served as Human Resources Director and National Director for the Immigration Reform and Control Act of 1986 for a subsidiary of W.R. Grace & Co. during his tenure from 1980 through 1988 for which he received a Congressional Office Distinction of Service Award. From 1976 to 1980 Mr. Villarreal served as Administrative Assistant to former Los Angeles Mayor Tom Bradley with responsibility for all organized labor relations and employees of the City of Los Angeles. Prior to recruitment into his Mayoral office responsibilities Mr. Villarreal was the youngest Field Representative for the Laborers’ International Union of North America (“LIUNA”) from 1973 to 1976 and attended California State University Los Angeles where he studied Business Administration and was a 1978 Trade Union Fellow at Harvard University - Graduate School of Business and John F. Kennedy School of Government.
Mr. William Keating maintains a diverse wealth of experience in financial management and business development with unique familiarity of the energy industry. He commenced his professional career in 1981 as an auditing specialist at Price Waterhouse Coopers. From there, Mr. Keating spent nine years working for Royal Dutch Shell in a corporate accounting role and then later switching to downstream retail management for the oil company. He then spent two years working at AMCOR Limited in a national sales role followed by another two years in business development at Ernst & Young. Since 2000, Mr. Keating has worked as a management consultant specializing in corporate recovery and business development for various consultancies and companies worldwide. Most recently including two year long roles as CEO for manufacturing businesses in Australia and New Zealand and for an autonomous software development company in the United Kingdom, Australia and the USA.
Mr. Keating received a Bachelors of Business in Accounting in 1983 from Royal Melbourne Institute of Technology (RMIT University), a Post Graduate Diploma in Marketing from Monash University in 1998 and became a member of the Institute of Chartered Accounts in 1984 of which he was a member until 2000.
Mr. Leach currently serves as the Senior Managing Director of National Trust, LCC a subsidiary of the Leach Family Trust, one of New England’s largest real estate developers with over 2.5 million square feet currently under development. Since his recognition in 1997 by the Environmental Protection Agency (EPA) as a pioneer in the reuse of Superfund Sites his ongoing work has been adopted by EPA and currently serves as the nationwide model for the Federal agency’s billion-dollar Superfund Program.
For nearly two decades, Mr. Leach has imparted corporate guidance to a wide array of companies. At present, he is serving his 18th year on the board of The Oster Group, a privately owned investment banking operation specializing in providing capital and business management to emerging companies and his 6th year on the board of Kenney Manufacturing Company, a leading manufacturer and distributor of household products established in 1914 and among Rhode Island’s largest employers. Mr. Leach graduated from Nasson College in 1983 with a Bachelors of Science degree.
Mr. Essmyer is an accomplished inventor and entrepreneur with more than thirty years experience in developing, manufacturing, and marketing his own designs for equipment and materials for the health and personal care markets. In 1982 he founded Alternative Design Systems Inc. (ADS). ADS focused on numerous unique products invented or extended by Mr. Essmyer, which were designed, tested, and moved through the FDA’s 510K approval system. Of particular note, was Mr. Essmyer and the Company’s development of three key patents (#4684558, #4706680, #5622168) for a groundbreaking hydrogel technology. Johnson & Johnson as well as Becton Dickinson are currently using this and some of Mr. Essmyer’s other innovations.
Mr. Mark Cowan of Washington D.C.’s Patton Boggs law firm will serve as an advisor to the Board. Mr. Cowan brings with him more than 35 years of experience working on complex domestic and international public policy issues to counsel a broad range of clients, advising corporations, government entities and foreign sovereigns. Mr. Cowan previously served as President of Columbus Public Affairs, CEO of Newmyer Associates, Vice Chairman of Cassidy & Associates and was founder and CEO of the Jefferson Group. In addition to two US Presidential appointments, Mr. Cowan also served as Counsel to the Committee on Standards of Official Conduct (ethics) of the US House of Representatives as well as the Assistant Legislative Counsel to the Director of the Central Intelligence Agency (CIA).
Mr. Peter Lansell and Dr. Chuck Flynn will join Mr. Cowan as additional advisors to Empire’s Board. Since application of his first patent at eighteen, Mr. Lansell has been a prolific inventor for alternate energy processes and the water industry. As the driving force behind flare gas alternative processes Mr. Lansell brings a wealth of experience and knowledge to the advisory board. Mr. Lansell has owned and run mines in South Africa, Zambia, Borneo, and Australia ranging from oil, to gold and other precious metals, utilizing efficient and environmentally safe methods for ore recovery. Mr. Lansell is expected to guide the effectiveness of the Tasmanian Oil Drilling Program as well as the development of the Flare Gas remediation technology.
Dr. Chuck Flynn maintains experience as both an engineering management advisor for McDonnell Douglas Corporation for both the Saturn V Rocket and DC10 airplane and as a business ethics pastor and lecturer. Dr. Flynn received a doctorate in Theology in 1965 from Vanguard University.
Mr. Bendall commented, “This new Board leadership has armed the Company with an amalgamation of political, legal, and financial as well as business expertise. With completion of the acquisition of Grand Monarch Holdings Incorporated, Empire will have expanded the breadth of its business and provided the Company with short-term, diversified revenue streams. With this new arsenal of ability Empire will not only develop the depth of the Company’s new expanded business but is now poised to undertake an aggressive posture to realize commercialization of oil and gas in the Tasmania Basin using its $3.3 billion valuation.”
Management intends to shortly be traveling to Saudi Arabia, the United Arab Emirates and Qatar for a series of meetings to finalize its $180 million structured finance, secure the first $45 million disbursement and complete the $300 million investment in development of the Company’s flare gas remediation technology – to be rolled out in tandem with drilling operations in Tasmania. Additionally, the Company intends to meet with its potential joint venture partner to solidify contractual terms.
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.
NEWS RELEASE
Wonderful news, completion of two year effort to legally acquire more shares by Mr. Bendall. sincerely Jim Krilich
Empire Rights Offering Closes Over-Subscribed, New Directors Invited to Join Board, Re-Listing Process Started
Date : 08/10/2010 @ 3:15AM
Source : PR Newswire
Stock : Empire Energy Corporation International Common Stock (EEGC)
Quote : 0.025 -0.001 (-3.85%) @ 4:02PM
Empire Rights Offering Closes Over-Subscribed, New Directors Invited to Join Board, Re-Listing Process Started
Empire Energy Corporation International Common Stock (USOTC:EEGC)
Intraday Stock Chart
Today : Tuesday 10 August 2010
Empire Energy Corporation International (Empire) (Pink Sheets: EEGC), with its wholly owned Australian subsidiary, Great South Land Minerals, Limited (GSLM) announced on Tuesday, August 10th 2010 that as of July 30th the transfer agent, InterWest Transfer Company, informed the Company that the USD$9.8 million rights offering had officially closed and was over-subscribed.
An unexpected number of eligible shareholders worldwide took up additional shares while CEO Malcolm Bendall honored his prior pledge to purchase all unsubscribed shares at the closing of the 2nd round. In the 2nd round Mr. Bendall converted $5,845,453.18 of personally held Empire Energy debt into equity shares at a price of 7 cents per share. Mr. Bendall stated, "My purchase of all available shares from the rights offering is now complete. This purchase speaks to my confidence in Empire's strength and our recent financial partnership. I expect progress to quickly accelerate as Empire moves into a new phase in our quest to discover and commercialize oil and gas throughout the Tasmania basin. Over the next few months I anticipate the Company will complete purchase and shipping of its new GEFCO SpeedStar 1100 rig, close its USD$180 million structured finance deal and ultimately re-commence drilling. Additionally, Empire is advancing with the commercialization of the proprietary flare gas technology for which it has access to. Details regarding a USD$300 million investment in the technology will be forthcoming."
Now that the rights offering has successfully closed Empire is also proceeding with issuing formal invitations to Mr. James Leach to join Empire Energy's Board of Directors and Mr. Mark Cowan to join as an advisor to the Board. These two outstanding individuals bring years of diverse insight into the business operations of public companies. Their guidance will be invaluable in the management of the more vigorous requirements of corporate governance and structure demanded by the size of the project the Company is now undertaking. Shareholders have never been in better hands.
Empire has additionally engaged the services of a private firm to organize and manage Empire's application for listing on the National Market System. The Company anticipates being listed on the full NASDAQ shortly.
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 Bendall913-663-2310
SOURCE Empire Energy Corporation International
Empire Energy Corporation Internation News of 9 July 2010
From: James Krilich
I think today's news release is great news for all investors. If you add up all the financing totals - EEGC is raising $480 million or about one dollar a share.
Details:
$180 million for drilling 12 oil and gas targets.
$300 million for Flare Gas Technology.
$480 million total funding.
Divide $480 million by 480 million outstanding shares (post rights offering).
We are raising $1.00 share based on financing alone.
With the rights offering closing the end of this month, I anticipate Malcolm buying up all the available shares at 7 cents.
This stock is so far underpriced it is unbelievable.
Also do not forget the oil value and the Flare Gas Technology value based on the current valution reports, which amounts to over 7 billion dollars and a extremely understated oil estimate.
I currrently own 3.4 million shares.
sincerely
James Krilich
HOW SWEET IT IS...!!!
FOR THOSE OF YOU THAT HAVE BEEN WITH ME THE PAST FOUR YEARS - CONGRADULATIONS.
3.5 MILLION SHARES.
Costs to maintain a website: I have a website for business, it costs less than $200 a year for all sort of support I get from godaddy.com see www.krilichmosaics.com and see for yourself.
http://www.empireenergy.com - I HAVE NO PROBLEMS GETTING THE WEBSITE. You guys need to spend some money on a decent computer, and stop loading down porn.
Thanks to Mr. Noble Trenham.
Today's news release would have happened without the huge help and vital financial assistance provided by Noble Trenham of Pasadena California.
What a wonderful financial advisor....!!
sincerely
Colonel Jim Krilich, USA Retired
update: 3,267,500 shares
This is what I hope will happen in the future.
"e" goes away.
Current lease application approved.
Rights offering closed fully.
Reapplication of lease area of the 15 other domes.
Reapplication of the coastal shallow water lease.
Purchase of new drill rig.
45 days later drilling at Belview
Huge discovery of oil at Belview. +/- 10 bbs =
10 bbs = 20 barrels per outstanding share of stock (post rights offering).
Two reapplication leases approved.
Nano Gas Technolgy contracts commenced.
I buy a Gulfstream Jet and fly to Tassi in style, then travel in the jet all over the world.
sincerely
Colonel James Krilich USA retired
FIRST - WE NEED THE OIL LEASE/LICENSE.
I believe Howie has a good idea what could happen this coming week.
a. Tuesday: The Tasmania PM is sworn in; his key appointees are announced;
b. Tuesday - Wednesday: Celebrations.
c. Tuesday - Wednesday - Thursday - Government leaders start.
d. Hopefully MRT signs lease/license by Saturday....?
Until the lease/license is signed, we as investors are stuck twisting in the wind.
The good news, is that there are much larger owners of stock than me - that are working to help Malcom.
Malcolm (as of two days ago) was in the LA area - where 60 billionaires live. I hear he has met a few of them during the past couple of weeks.
I believe Malcolm travels according to where he is best needed. He has a dedicated group of employees in Hobart - convinced there is oil in Tasmania, that meet government officials as required, per his directon.
Hopefully we will soon have the lease/license - then I am sure there will be ALOT of NEWS to read and talk about.
Sincerely,
Colonel James Krilich, USA Retired
Thanks Howie. I keep forgetting the profit potential of the Flare gas Nonotechnology and that EEGC will have ownership of its licensing in North and South America.
Something about converting the natural gas into a liquid and also elimiating the burning of gas into the atmosphere at the well head.
There by being green in science and green in dollars.
sincerely
Colonel James Krilich, USA retired.
All good points H.
I always try to keep myself open to all comments and opinions.
Trying to survive as a oil patch investor does get frustrating.
When I hear something that fits into a logic basis, I try to size it up and in some cases let others know in a manner that does not cause me legal problems.
I "feel" we will get the (smaller) lease - I hear that there were no comments submitted; i also hear that the usual practice is once a recommendation was submitted the approval is issued 28 days later. I think we passed the 28 day date, and now we are twisting in the wind, waiting for the appointment of signagure authorities by the new government. and than it gets more confusing because it sounds like the incoming government is the old government. So i wonder what was accomplished by the election....?
I also believe we are entitled to the rest of the area where we did sismic testing - the 15 other domes.
I think the new board of directors will give Malcolm alot of assistance, maybe direction is a better word.
For four years I have been steadily increasing my shares, giving up alot of other pleasures in live, and postponing some things I should be doing - to increase my ownership in EEGC.
I have also significantly benefited from the assistance and advice of my financial advisor, Noble Trenham, who lives in Pasadena California.
Noble is working on a couple of companies that are not oil related; which I want to buy into with hopeful profits from my investment in EEGC.
I do believe that Belview has alot more oil then the published estimates. I remember talking in person to Mr. Callaway, and he told me that he was thrilled with the seismic testing that showed a feature many kms wide and many kms long, similiar to the dome he worked on in Asian Minor, that proved up 30 billion barrels of oil.
Also James Leach is a new director. I know the town he lives in, its Newport Rhode Island. He owns one of the largest estates there. I earned a master's degree from Salve Regina University which is in Newport Rhode Island. Mr. Leach would not tie his reputation into a losing situation. I think we as investors in EEGC will all benefit from his contribution and comporate leadership. Maybe he is the hookup to a future joint venture with a leading oil company, if we hit oil at Bellview.
And there are alot of oil patch guys here in the USA that are of the opinion that there is alot of oil in TASMANIA.
So now at 65 - I have bought alot of EEGC penny stock - and if we hit oil, I will be able to do alot of good things with the money -
I have a huge desire to create a "skunk works" or research company that designs and manufacturers free energy generators for homes.
sincerely,
Colonel James Krilich USA retired.
I think Malcolm needs to remember that a larger company would have done alot more work during the past ten years - then he did. but then I heard they only wanted 80 percent of the oil for their help. and I think malcolm told them he wanted to keep the oil for his investors. So Malcolm took the hard road, but the one most rewarding (hopefully) for investors like me.
Oil patch has strange politics.... all serious and deadly.
sincerely
Colonel James Krilich, USA Retired
From my sources - about ten years ago, a international oil company - whose first letter is "S----" paid "N--- R---" to continually discredit Malcolm so as to encourage the MRT to license "S----" for the oil leases that Malcolm was trying to obtain.
From my sources, the politics at the time in Tasmania, wanted any discovery of hydro carbons TO BE DEVELOPED QUICKLY. The thinking by the Tasmania public officals might have been a fear of the big international oil company, discovering oil, and then putting a cap on the well, so as to keep it in long term reserve, and not IMMEIDATELY DEVELOPING THE DISCOVERY.
I believe the waiting period that we have been going through to get the lease, is a way of the Tasmania Government to sternly tell Malcolm to make drilling for oil - his number one project, not wander around, stick to business of developing Tasmania oil and revenues.
Its is very nice to see Mr. N--- R--- now having repeated legal problems with the Tasmania Government. What goes around, comes around.
Now is agood time for EEGC to make charges against Mr. N--- R--- , add more misery to his plate of dog do-do.
sincerely
Colonel James Krilich, USA Retired
2.9 million shares.
EMPIRE ENERGY (EEGC) INVESTMENT OPPORTUNITY OF A LIFETIME
Its 17 March 2010 morning, before the stock market opens here in the USA. I see the mist rising over the calm Chesapeake Bay similar to the day after the Battle of the Bulge.
Last evening the Tasmania Government announced that our oil lease application has been scheduled for approval.
After years of struggle, those that believed in Malcolm Bendall - and his white knight investment advisor - Mr. Noble Trenham of Pasadena California, our small oil company is on the launch pad getting ready to take off with funding and drilling.
For those of us living in the USA - our decision to invest in Australia may prove to be a very lucky decision.
Six years ago who would have thought that the US economy would be as bad as it is right now, the unemployment is soaring, foreclosures are increasing and interest rates are about to rise.
Empire Energy (stock symbol EEGC) provides the chance of a lifetime to protect against the lose of value of the US Dollar as debts continue to overwhelm the US economy; and investing in the natural resources in Australia, gives the US investor a safe political economy that does not confiscate wealth by extreme progressive legislation.
Some US investors have been converting their old IRAs into Roth IRAs and now purchasing EEGC in their converted Roth IRAs.
If EEGC hits oil in Tasmania, the US economy will have access to a huge supply of oil - making Australia and the USA independent of Middle East oil.
I predict that Malcolm Bendall will become the man of the year in 2010 throughout Australia if EEGC discovers a huge reserve of oil in Tasmania this year.
Sincerely,
Colonel James Krilich, USA Retired
Yes, and for those of you that enjoy saying bad things about Mr. Bendall and this company, you can jump up and down with joy - knowing I increased my share holdings to over twice as much as what I had owned in December 2008.
Sincerely
Colonel Jim Krilich, USA Retired
I no doubt will gain alot of criticism for my positive comments which follow. Being retired one likes to dream....
1. The most vital task is to obtain the two new leases from MRT.
2. Rights Offering is commenced.
3. On the sidelines, Roberts hits oil - wow - EEGC stock price will jump upward - making it easy to complete the Rights offering.
4. EEGC hits oil.
5. How much oil....?
Belview 12km x 80km - wow - could be billions of barrels. I believe no one really knows how deep it goes...
6. How much investor profit potential...?
a. rought guess on how many shares outatanding after the rights offering: 500 million.
b. so for each Billion barrels of oil, each share owned would be worth 2 barrels of oil. (for the idiots - simply divide 500 million shares into one billion barrels and you get two barrels).
7. and then there are those - including me - that believe, there might be 10 billion barrels of oil .... or more....
8. and then there are the old timers that own at least one million shares which means each million shares of oil is worth 2 million barrrels of oil...
9. and then we guess at how much two million barrels of oil is worth..
10. and if we discover EEGC/GSLM has ten billion barrels of oil, I(not counting the future underwater lease) then the million share owner has twenty million barrels of oil.
11. and twenty million barrels of oil, at the Boone Pickens price of $250 a barrell in 2015 equals five billion dollars.
12. and then there is the natural gas patent. I suspect anything that increases gas production has the interest of Russia - which will be the exclusive source for natural gas after 2035.
So you say, too much dreaming... fine. Ten percent of five billion dollars is not bad either...
respectfully
Colonel Jim Krilich, USA Retired
i believe we will end up with a lease with the word special removed; e.g. SEL vice SE - after all, we did find 15 domes and spent over $50 Aus - and the partial drilling of Belview was over and beyond the mandatory task of the SEL.
Plus there are 2200 tasmaniam citizens that own stock in EEGC and they would probably show alot of anger to the mining ministers if some other company maneuvered to take over the oil rights we discovered.
And perhaps the legislature is word smithing its mining lease laws to clairfy the decison process of mining ministers in awarding leases to applicants, shich may protect EEGCs past investment and effort, so as to continue forward to drill the 15 domes we discovered...???
Sincerely
Colonel Jim Krilich, retired.
Being a long time invester in EEGC - i am happy to see that "PERHAPS" we have reached a milestone.
Right now I am so confused - I hope that the investing public will act on the new PRs. ...but...
The average reading rate in the USA is age 12, 7th grade level.
US Army written documents are composed under the concept of KISS (KISS - KEEP IT SIMPLE STUPID)
If I were writing PRs for EEGC - (and I do not asking to be given that task) I would want to issue the PRs in the following simple outlined.
1. PURPOSE: the purpose of this pr is to inform investors of the following new material fact(s):
2. BACKGROUND: To clarify the importance of this news release, the following historical information is delineated below that explain the major accomplishsments achieved to date per our Mangement Plan.
3. GENERAL TASKS IN THE FUTURES: The following is a sequential list of the general tasks to be accomplished for the next 12 months, with bugetary costs and the milestone dates to be accomplished.
a. Receive funding via rights offer $9m 15 Nov 2009
b. get new lease to upgarde SEL. 31 Nov 2009.
c. fund Belview drilling. $2mn 7 Dec 2009.
d. commence Belview drilling 31 Dec 2009
e. curtailment of holiday leave to take advantage of warmer weather.
f. commence Thunder drilling 31 Jan 2009.
g. Annual Stockholder meeting, location: date:
sincerely
Colonel Jim Krilich, retired
Yes, it was me - as a buyer - not a seller.
About 2 oclock i go to my bank and wire some money into my schwab roth ira. then i go back home and turn on the computer about 3:15 and the money has not yet arrived at my schwab roth ira.
umph getting a bit antzi as we approch the close, around ten minutes before the close, my money has finally tranferred into my roth ira. so now i got some ammo to fire.
so i put in a buy at at .019 - for enough shares to fire up all my ammo, and guess what....?
I only got 5000. and then the offer jumps to .2, so I am stck with a decision to chase the offer now at .2 or say screw it and go have a Budwiser.
I decided to chase it..... why?
I think Malcolm is close to getting done all the things he is working on; registration; funding and turn on of drilling and also saving our lease by drilling. and getting the two new leasers. etc. etc. IF MALCOLM PUTS OUT HOT NEWS - we may be looking at 30 cents a share. So just in opposite of dat traders that do not old a position over the weekend; i could not afford to not increase my position - with a hunch that Malcolm may fire off a hot pr and the share price might be alot higher after the 4th of July.
So with about 1.5 minutes left - before the close; i change my order - increase my limit price to buy to .2 and forty seconds before the close i pick up another 74,000 shares.
Just like the movies ... at the OK Coral, you want shares you fire off the ammo.
Those of you sneaking around trying to buy on the bid - makes me LYAF.
ADMF
Colonel Jim Krilich, retired.
Hi - who's been buying the shares...?
I been buying some shares;
I am guessing the nobel money crowd around pasadena california has been buying some.
And then there is also the undisclosed $50m LOC source; Imagine loading Malcolm up to $50m and in the meantime buying around 25 million shares; and if we hit oil, the cash outlay by loaning $50M is recouped by the rise in the share price as when it hits 2 dollars a share.
Not insiders - just long time investors - quietly loading up and averaging down and realizing 2 cents is cheaper than 7 cents.
I am among those that are waiting and hoping Malcolm is going to do lot more than simply have EEGC SURVIVE.
Also, instead of waiting for my 500,000 shares rights offering at 7 cents, i decided to use some pocket change and bought 500,000 shares 2 cents. but then, i still have the rights offering to buy more if we get some upward swing in the stock price if good news hits us soon.
sincerely
Colonel Jim Krilich, Retired
Congrats Howie. Nice to see you back. I still own all my shares. jim
Dear Heraclitus:
I thank you - very much - for the name of the company.
I also sincerely APPRECIATE receiving your comment "..... it would not be wise to implement a capitalist strategy that you (Jim Krilich) have mentioned, as it will be seen that he [Malcolm Bendall] had financing in place and withheld drilling to keep PPS down so that investors prior DEC 18 (including myself) do not excercise our placement rights so that he may allocate more for himself. SEC will definitely find him anywhere globally and lock him up...."
HERCLITUS, I do hope that Malcolm reads our posts here - I hate to see him get into trouble with the SEC.
I too would love to see him move ahead rapidly to commence drilling as soon as possable. Like you, I bought alot of shares (post Dec 18 2009) hoping that they would jump up a couple of dollars - with the achievment of hitting oil DURING the first rights offering. And with those additional shares - I would love to sell them at a huge profit to further fund the purchase of more EEGC shares under the rights offering.
The Tasmania government's recent decision to disapprove all the recent applications of EEGC - because of its inability to prove that it has financing -- makes me wonder what MB's next move will be. I hope it is choice "a" and not "b".
choice a. Use the LOC to put money into EEGC so it can start drilling and then see the stock hit the moon if it hits oil;
choice b. Use the LOC to simply buy the rights offering - phase one and phase two - and then let the drilling commence.
meanwhile, it looks like we are running out of time.
I WONDER WHAT MALCOM WILL DO NEXT.
Heraclitus - again, your comment below is very timely.
" ....if Macolmb was seen to withhold drilling to keep PPS down so that investors prior DEC 18 (including myself) do not excercise our placement rights so that he may allocate more for himself. .........SEC will definitely find him anywhere globally and lock him up...."
I do hope Malcolm does the right thing and we do not run out of time.
sincerely
Colonel Jim Krilich, Retired
I believe that MB is waiting for the SEC approval of the rights offering registration.
I expect MB to use the $50m LOC buy the rights offering.
After the 30 day rights offering has expired; I expect MB to use some of the $50M LOC to buy the unsubscribed shares of the follow on rights offering.
I believe funding will be sent to commence drilling - after the first rights offering has been completed.
I admit I would love to see drilling start before or during the 30 day period of the first rights offering. But if I were MB I would use the money to buy the righs - then send money for drilling.
Who wants a bunch of low life swine - day traders - screwing up a logical and concise rights offering in which the CEO is willing to pay 5 cents higher than the current market price of 2 cents a share?
No doubt the low life day traders are reading this post.
Regardless, I was happy to buy stock at 2 cents last week. not the 7 cents that MB will be paying after the rights offering priod commences.
The next key event is for the SEC to approve the Rights Offering.
The rights offering creates the rare opportunity for MB to become one of the richest men in the world. If we drill and if we hit oil.
I say welcome to all the new investors that bought the 33 million traded shares these past two weeks.
Sincerely
Colonel Jim Krilich, Retired
Heraclitus:
Please tell me the name of the company, its stock symbol and the exchange it trades on: per your statement:
" What would Hunt do if a company in their backyard is putting out tenders to drill about 12-20 holes in the next 6-8 months with over 30mill in their acc now just for drilling, and the top 20 investors in the company are institutional and multi millionaires from mining."
i would like do buy some shares,
sincerly
Colonel Jim Krilich retired
you are proababaly a member of the US congress. the rights offering is limited to only have of the outstanding shares of 18 dec 2009 which amounts to around 180 shares.