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Re: Heraclitus post# 14602

Sunday, 05/02/2010 6:01:03 AM

Sunday, May 02, 2010 6:01:03 AM

Post# of 42997
The Hunt rig #3 and the rig sold are two different rigs but similar in their capabilities. The rig that M. Roberts sold was an illegal transaction. The Hunt situation is different and has nothing to do with the rig we will be getting back. Hunt has a business to run and could not afford to let his rig lay up idle waiting you approvals of the SEC and MRT to approve. Many steps were taken to keep the Hunt available but failed due to the timing of the SEC and Hunt. At the same time all this was going on there was a financial crisis and money was impossible to acquire just making the situation tougher. Don't believe for one minute the rig owned buy EEGC was not able to do the job. That's a story with out fact. All one has to do is look at the history of Mr. Roberts to draw their own conclusions. Do not assume anything because you will be mostly wrong. Look for information released from Empire to be factual at the time it is released. Thing change beyond the control of the company and under the leadership of Malcolm Bendall we are well back on track. He and his dedicated staff ave been working hard to get us to a drilling status. Its very close to happening but before it can happen we need a lease. I expect we shall have said lease this week. (I hope)! All of the talk about what has happened in the past is now water under the bridge and weather or not you believe what has happened is true or not doesn't amount to a hill of beans. What does matter is the direction we are in toward drilling and the hopeful success of finding hydrocarbons. Your understanding of the events of the past are meaningless. Once we get the lease we will continue to move forward. Here is that word again. PATIENCE!
Thats my opinion, accept it or not its up to you.

This is only my opinion!

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