Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

Lets talk about OIL and EEGCs part in the development of oil fields in Tasmania.
It doesn't matter weather you are for or against EEGC on the CEO or even little old me. The real reason to be here is to make money. Thats is really the goal and oil is just the commodity to make said money.
So I say to the Naysayer disparage away but be smart. While you are trying to sink the company maybe you should buy some shares. I know that you want to make money as does the rest of us so why gamble when the downside risk is nil. Mark Callaway said there is more then 30 billion barrels in Tasmania from the seismic graphs. I have heard there is as much as 100 billion barrels but the fact is we just don't know. So here is your big gamble for an investment of 3.5 cents per share down side risk what is the upside potential.
At 100 billion barrels and 412 million shares o/s that comes out to 242 barrels per share x the net profit of $50 a barrel that comes out to $12,100 per share. OK say I am full of crap lets say there is only 1 billion barrels using the same math that's 2.42 barrels per share x $50 per share thats a return of $121 per share. Hmm why would anyone invest 3.5 cents to get a return of $121. Answer is its the sane thing to do.
Is there oil in Tasmania. Yup sure is. Remember those oil seepage pools. That's not Dingo pee or alligator spit, its oil. Oil has already been discovered off shore and the research by EEGC shows there is oil on shore. So my conclusion is that it doesn't matter if you hate the company or love it you should be a share holder because there is little or no risk.