Empire Energy Corporation Intl. (fka EEGC)

[puravida19]

There are lots of problems as I see it, and the number of them make a big barrier to getting this project started -

1. August in Tasmania is like February in Canada.
They can't drill till "spring" - maybe October?
2. Deadline for renewing SEL is coming up.
3. Can't sell the rights offering unless present stock is up in price to .07 cents at least. He tried to do it by guaranteeing the offering in the PR, and the price bounced up, but he had nothing to follow it up, and the price came down to earth again.
4. Can he get the drill back? Hughes told me they hadn't been paid since December. Then they pulled their drill "for winterizing".
5. Can he get financing? That's the strangest thing. If the project was so good, why can't he get financing? Do the funders not believe or trust Malcolm? Why? Has he burned too many bridges in his time? Also, Malcolm said he already had the financing approval. I don't see any financing.

Don't rely on anyone else. Ask yourself the questions above and decide for yourself.