Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

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

"The Thunderbolt Prospect contains a Mean Case Prospective Resource volume of 88 MMstb in the Gordon Limestone. Assuming the Thunderbolt Prospect contains a medium gravity crude of 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 12 sq km, 74 vertical wells are required to drain the reservoir, equivalent to 1.2MMstb per well."