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Tuesday, 08/03/2010 11:37:23 AM

Tuesday, August 03, 2010 11:37:23 AM

Post# of 42997
Where did anyone get the idea that the $50 million spent was to drill and bring up oil. The licenses received by EEGC/GSLM and granted by MRT was to explore and locate oil. The license would have been upgraded to a production license when the research was completed. Its a fact the MRT gave GSLM a grant to do the exploration and they knew full well what was happening. Only at the very end of their research in 2009 did they have a collar and drilling take place. They went down about 900 feet and the rig was replaced by a Hunt #3 rig to finish the well. It was at that time that the Chinese investor reneged and left GSLM stuck. Hunt was waiting for the last $1.1 million payment. The drill was in place as pictured on the website. So enough of this broken record bullsh#t about spent $50 million and not one well drilled. So for all of you that keep pushing that BS give it a rest because it makes you look stupid.
We are moving ahead in spite of the setbacks and we should be drilling somewhere about October.
My suggestion is when you see the same crap about $50 million spent and not one well drilled is put them on ignore because all they are doing is aggravating investors and it won't get them to sell.
EEGC will make many of us wealthy if you have the patience.

This is only my opinion!

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