Empire Energy Corporation Intl. (fka EEGC)

[BobSinCA]

I am aware the bonds are $20M, and that the annual tranche is $45M; indeed, when the $180M announcement was made I mused (post 16128) as to why it would be done that way -- to provide the first tranche, Sure has to place three bonds. How will interest get paid to the lender onn the full $20M, if EEGC only has $5M of the third $20M raised?

Didn't make sense, at least to me, perhaps someone else can explain the logic.

But, these things can always get modified; depending on funding availability, one way to modify may be to provide EEGC with funding as available, so provide the first $20M when available. I can't imagine EEGC saying they won't take any $ until the full $45M is available.

You can drill a lot of holes with $20M.

And, a Bellevue well needs to be completed in the next 8.2 months, per lease conditions.