Empire Energy Corporation Intl. (fka EEGC)

[BobSinCA]

EEGC historical pps chart: http://finance.yahoo.com/q/bc?s=EEGC.PK+Basic+Chart&t=5y

The stock was actually in the .15 - .18 range summer/fall of 2008 when oil was over $100/bbl and drilling looked imminent, then plummeted to the .05 level by the end of 2008 when the SmartWin deal fell apart and oil prices dropped.

It was last at .20 at the beginning of 2006.

With 50% more shares outstanding (and much more expensive dilution -- either shares or gross margin -- likely with any financing) and oil prices well below 2008 levels, the price levels you suggest may be optimistic until oil is actually discovered. Although, we would all appreciate the opportunity to test your hypothesis!