Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

The Bellevue assumption by RPS Energy PTY Limited is as follows:

"The Bellevue Prospect contains a Mean Case Prospective Resource volume of 359 MMstb (un-risked) in the Upper and Lower Units of the Gordon Limestone. Assuming the Bellevue Prospect contains a medium gravity crude od approximately 30 deg API with a moderate water drive, an average drainage area per well is expected to be 40 acres. Therefore, using the mean area of the reservoir of 58 sq km, 360 vertical wells are required to drain the reservoir, equivalent to 1.0MMstb per well."