Empire Energy Corporation Intl. (fka EEGC)

[BobSinCA]

My point about the rig was that Australian and other international standards differ from US. And making electrical harness modifications in the field is not a good idea.

Thus, they should be made in the factory. And will not be made until cash has been paid for the rig. Indeed, necessary non-standard parts likely not ordered until cash is received. Net: MAJOR delay in arriving in Oz, since no funding is in sight.

There was earlier discussion from the board's optimists about drilling Bellevue on a new GEFCO rig in October, as spring started. NO WAY. I have dollars (and some wallpaper), anyone have doughnuts?

Recent stock market action, including a 15% drop late today, indicates increasing general pessimism about the EEGC's ability to raise the funding required to buy a rig -- which IMO is a bad idea anyway, for a cash poor company with a two prospect opportunity. But maybe no rig available for the necessary short term lease.

8.6 months left on Bellevue, clock is ticking.