Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

Its obvious that with no revenue coming in the burn rate still must be serviced.
To service the over head and future costs revenue has to be produced. This is to be done with the sale of oil and gas. Until we get to that point loans and Joint Venture income will be necessary.
I don't see a positive cash flow till we bring in an oil strike and the Flare gas will take some time as equipment will have to be acquired and the project marketed.
This company is in the burn money stage but that will change. If you are looking for a date for that to happen....Good Luck...you tell me!