Empire Energy Corporation Intl. (fka EEGC)

[sopmodman]

The next PR’s will include progress to bring oil to the surface. Here is a summary of what they are working on as per their PR's.

- As of July 30th the $9.8 million rights offering had officially closed and was over-subscribed.
- CEO Malcolm Bendall honored his prior pledge to purchase all unsubscribed shares
- In the 2nd round Mr. Bendall converted $5,845,453.18 of personally held Empire Energy debt into equity shares at a price of 7 cents per share. This purchase speaks to my confidence in Empire's strength and our recent financial partnership.
- Empire is also proceeding with issuing formal invitations to Mr. James Leach to join Empire Energy's Board of Directors and Mr. Mark Cowan to join as an advisor to the Board. Shareholders have never been in better hands.
- Empire through a firm, write application for listing on the National Market System. The Company anticipates being listed on the full NASDAQ shortly.
- Over the next few months I anticipate the Company will complete purchase and shipping of its new GEFCO SpeedStar 1100 rig
- Close its USD$180 million structured finance deal.
- The new financial capacity will enable EEGC to drill and test a minimum of 12 of its highest priority oil and gas targets.
- Empire is advancing with the commercialization of the proprietary flare gas technology for which it has access to. Details regarding a USD$300 million investment in the technology will be forthcoming."
- GSLM is preparing a submission to the Tasmanian Government for expansion of its licensed areas under both Exploration License (EL) 14/2009 and reinstatement of the Special Exploration License (SEL) 13/2009 area.
- Advance its early stage discussions to create a Joint Venture with a gulf region oil company to manage the business operations for the full development of oil and gas in the Tasmania Basin

A very exciting time for Empire and its shareholder.