Empire Energy Corporation Intl. (fka EEGC)

[BobSinCA]

Hopefully, no-one cares what language SureCapital speaks, so long as they are able to offer dollars to drill on reasonable terms.

I will say, however, that I do have experience negotiating business in the middle east, and it is generally not a quick process -- if you want a good deal. 'Leverage' is well understood. On the other hand, bad deals can be done quickly.

That is another reason why it is important for the remaining RO shares to be bought with cash. GEFCO has been clear that cash is required for the rig to be prepped and shipped. Given lead times for shipping, 'Australianizing,' and operations versus the remaining time for Bellevue to be completed, EEGC would not be in a good negotiating position if the gulf funding had to be completed prior to purchasing the rig.