Empire Energy Corporation Intl. (fka EEGC)

[oilsleuth]

El 14/2009 was granted after SEL 13/1998 had expired on the basis of Mal having a $50 million personal line of credit he was going to use for its exploration and drilling, however, unfortunately his unknown benefactor inconsiderately died before it could be drawn upon. Nevertheless Mal proceeded to claim he expended $8.05 million on the licence during its 2 years term and that it should therefore be renewed but for some unfathomable reason MRT did not believe him.

The fact that Mal serendipitously came up with his $50 million and EL 14/2009 was granted following the Smart Win imbroglio kind of shoots down the argument that SW put paid to any chance Empire had of continuing on with the project.

3 years ago the same banter here that eegc would never get the leases renewed and the mrt did renew