Empire Energy Corporation Intl. (fka EEGC)

[zequalsz]

Read it again, it doesn't say Hunt is mobilizing back onto site, it says there is a signed back to site agreement. The agreement could simply amount to "If Hunt is paid within x months then it undertakes to move back onto the site.". The agreement is almost certainly conditional on substantial payments being made to Hunt and a licence being granted. It is possibly a formalisation by Hunt of how long it is prepared to remain on standby before it departs the scene for good.

If advice has been received from MRT that EL 14/09 has been granted it would have been joyfully announced. There is no possibility at all that Hunt will mobilize before an EL is effective (advertising and appeals process required first before the actual grant). The approval to drill at Bellevue expired with the SEL and a new one might well be required also.

Further evaluation by RPS Energy can achieve nothing and is just padding to make it appear that great developments are afoot. RPS has already done two reports and there is no new data to appraise. Massaging the existing data to yield an increased "valuation" (a rather innovative use of the term) of say $4 billion would be essentially meaningless. The Bellevue drill site is already committed to and nothing additional RPS might have to say would change that. Likewise for Thunderbolt.

Re-commissioning RPS gives the game away that nothing is really going on as it's only a transparent ploy to make it look like something is.

The Final Report on SEL 13/98 has been submitted - so what? It's a routine matter and hardly worth a song and dance in a PR. If the Company were unable to competently write and submit the report then God help us all.

All in all the PR looks to be yet another deceptive piece of sleight of hand.