Empire Energy Corporation Intl. (fka EEGC)

[BobSinCA]

Last summer's PR on flare gas technology merely said that Mr. Bendall had decided to 'offer' North and South American rights (if I remember the geographies correctly), and that a study was being done to serve as the commercial basis for those rights.

This summer's PR discussion simply said that EEGC had an option on the rights, but that is different than having the rights themselves. Must be a commercial negotiation for that to happen, and there would of course be a filing, since Mr. Bendall, who was offering the rights, is a related party. Could be the terms have been negotiated, with financial ability to commercialize being one of the pre-requisites.

As I posted when the $300M commercialization price tag first showed up: presumably, if EEGC spends that money to commercialize, they should receive consideration of some sort for any sales outside of NA/SA, the location of their rights.