Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

Sorry but a poor comparison. EEGC well will drill less then 1/2 the 22,000 foot depth you compared against and your well that was already explored in the 1980s and no mention of that cost. The Bellevue/Thunderbolt sites have been in research mode for years and as time progressed new methods were developed and oil locations that should give us a much higher return were discovered. Even with all the research we can not tell of the quantity that exists below the surface. We do know the potential of Natural gas exists and either oil or gas will be a welcome discovery.
We are moving ahead and the light at the end of the tunnel is drawing closer and equally collecting of hydrocarbons.
People should also address the value of an oil/gas discovery is beyond just financial reward for the people of Australia as well as the investors.
The security of the entire part of the globe will be enhanced as it will become a strategic refueling station and add to the security and defense of the area.