Empire Energy Corporation Intl. (fka EEGC)

[big gttom]

Oh ok. I spent like 20 minutes finding this stuff in my country on the web:
Most of these rigs include the substructure, mud equipment, etc. that you so eloquently speak of for less than 1.5 m.

http://www.kruseasset.com/Detail.aspx?AuctionID=75

http://www.kruseasset.com/Detail.aspx?AuctionID=68

http://www.kruseasset.com/Detail.aspx?AuctionID=86


And this guy finances rigs right in EEGC's backyard:

Bruce A. Kessler
KESSLER CAPITAL

11701 Wedd Suite 4

Overland Park, KS 66210

913-661-0301 Office

913-302-3127 Mobile

[e-mail]

Also, Rigzone has 69 rigs for sale on their site and most of them come with the stuff AND pipe: http://www.rigzone.com/market/Results.aspx

Here is an interesting one for sale: http://www.rigzone.com/market/Detail.aspx?aid=12651

Or, here are some more:
http://www.sunmachinery.com/rigmonth.htm#NATIONAL_370_(Ref4421N)


And with at least 10% worldwide unemployment, I don't think its hard...well, if Malcolm needs a few drillers, engineers...etc, to just place an ad here:
http://www.rigzone.com/jobs/search_job_results.asp?JobCategory=3

It just seems to me with a million or 2, EEGC could easily own an acceptable rig with everything on site...

And so, IMO EEGC either pays approx 3 million to Hunt(approx. 1.5 owed, 1.5 to drill) and puts the 20 million collateral shares back in the treasury or pays approx. half that cost to own one and to drill in house...
...and if they hit oil, they simply pay Hunt off with their elevated collateral share price.
To me, that is a better business decision with limited funds available and I wouldn't think it would take more than a few weeks to procure, a month to ship from the US and a few weeks to set up/certify. Or, maybe he just wants a new shiney Speedstar to drive Tatiana around in.


Geez, I don't know. I don't run an energy company. But, Malcolm does...