Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

Everybody must realize that nobody spends millions of dollars on a whim.
No! Not a chance! Its about having control of the company and preventing a hostile takeover.
Who would want to take over a non producing company? Nobody right now but that could change as early as this year. Why? Because if as management suspects, ( or I should say as research dictates) there is oil in Tasmania, and a bunch of it. Maybe even more then a bunch. maybe a heap and a bunch and that's a lot.
The value of an oil find I have been using a figure of $50 net profit per barrel, and that according to all reports see the price of a barrel of oil rising to about $100. With a net profit rising to about $75 a barrel and an increase of 50%. All this and we haven't even started to drill yet.
Looks like this investment is looking better and better.