Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

I am only guessing but I doubt they will tax oil because once oil flows and revenue is generated Tasmania gets 12%. Till now there has been no oil revenue from GSLM/EEGC. The government wants that revenue and needs that revenue and I doubt they will do anything to stifle oil exploration. However you never know till after the fact and a 40% tax on zero is still zero and a 40% tax on oil revenue we never had before is still 60% cash we never had before. So lets see what happens before we jump the gun.