Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

Just another 2 weeks to put the rights offering to bed and I would not expect an announcement before July 30, the expiration date in order to allow those still eligible to purchase shares. They must comply with the SEC rules. I don't doubt Malcolm will buy up all available shares at 7 cents. All the money goes into the company treasury to be used for corporate purposes. I would expect notification after the data is compiled usually with in 3 business days if not sooner.
The real spark to the price of the shares will come when they announce they struck hydrocarbons.
I think you will see spurts in the stock price as we progress with news like we purchased the new rig and its on the way to Tasmania and the drill site, like the announcement of a Joint venture with a world class Oil Drilling and Management company, Like the renewal of the missing sites omitted from the current lease, like the issuing of an exploration license for offshore exploration.
It all looks great in my opinion.