Empire Energy Corporation Intl. (fka EEGC)

[Freddy1]

If I were part of MRT I would give them a conditional approval now. As a condition I would say you have 12 months from formal approval to drill two wells. If you complete the two wells we will approve your remaining applications. Until then they are on hold.

After two wells we either have something or we don't. The company has either proved they have the capability to complete two wells or they don't. They will either find oil/gas or the company is dead.

Waiting until March or post election puts them into winter again before they could start drilling. Fall would be a much better time to drill.

This is a no risk solution for MRT. We either strike oil and Tasmania starts getting their percentage or after one year they are rid of MB forever.

JMO