Empire Energy Corporation Intl. (fka EEGC)

[missouri]

A barrel of oil is selling for somewhere around $54 at this time. How much longer do you suppose it is going to stay that way? I feel fortunate that I have been able to purchase gasoline for $1.85/gallon for the past few months. There are slight signs in the economic indicators that the economy could be turning the corner and heading back into black territory. Most of the respected economists believe by the end of this year we should be back on firm ground. Oil prices and good economic performance go hand in hand. Oil is going to go up. And in time it will probably exceed last years highs. Just the thought of a large find of oil that could be selling for $150 a barrel has to be a tempting endeavor. Geominex was certainly interested. If Zamayi Sithole has the bank ties (which he does) he and Malcolm are not about to let this opportunity get away because of a September deadline. The way I see it the only obstacle is the collateral required to secure a loan to drill Bellevue. Does anyone have a guess as to what that collateral might be?