Empire Energy Corporation Intl. (fka EEGC)

[crazyjogger925]

judge oing has clearly defined that sw breached the contract.imo



." The judge noted that, for purposes of a summary judgment motion, the fact that Empire's prediction that the initial drilling costs might exceed AUD $ 5 million did not entitle Smart Win to "turn off" the funding "spigot" of up to the AUD $ 5 million commitment even if Empire, as it pursed its drilling efforts based on Smart Win's commitment of as much as $ 5 million, faced the possibility of cost overruns beyond the AUD $ 5 million."