Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

I have addressed in previous post, the potential of EEGC/GSLM and the inability to find a real number or value because of lack of information. As we approach the time we will actually start the drill turning the company is adding and additional source of revenue, that of Flare Gas technology.
Flare Gas is waste gas that in the past has been burned off. This has always been a problem in that it creates pollution and is a source of lost revenue. The new process allows this waste gas to be recaptured and liquefied and shipped via tanker to all parts of the world. This additional source of revenue will add billions of dollars to the company and enhance shareholder value. The company will receive certain TAX Benefits due to controlling pollution.
Estimating the ongoing value of oil is a problem because each dome has its own value determined by the volume and at the time of sale the market value of a barrel of oil. As we move forward and the demand for oil continues to go up so does the price per barrel.
Each dome is like a business on its own with some showing more promise then others. The top picks are Bellevue and Thunderbolt and even with that information we don't know how much commercial value of oil is in each. By just focusing on Bellevue the dome is so big that its estimated more then 100 wells will have to be drilled in that dome alone. Each well drilled will be used to drain a area of several hundred acres. We don't know the depth of each pool so we can't guesstimate the volume.
For those that have decided to buy and hold on I feel this is a once in a life time investment that has the potential to make the investor very wealthy.