Empire Energy Corporation Intl. (fka EEGC)

[BobSinCA]

wshaw, great observation:

normally expanding the board of directors could be a sign that financing or investment is a done deal.

Looking at Mr. Leach's background, EEGC would certainly seem to fit the the target customer of The Oster Group, another board seat he holds:

For nearly two decades, Mr. Leach has imparted corporate guidance to a wide array of companies. At present, he is serving his 18th year on the board of The Oster Group, a privately owned investment banking operation specializing in providing capital and business management to emerging companies.

However, the PR indicates that EEGC is returning to the mideast to work with Sure Capital. A bit of a surprise, since the September PR was so sure that financing was already done that it announced drilling to begin in mid-November, and subsequently a prominent poster with close ties to the company posted on September 6 that funds would be in EEGC possession 'in a week or so.'

Indeed, the decline in the pps is likely a result of this very clear indication that funding is in fact not immediate.

However, perhaps Mr. Leach's Oster affiliation can provide a back-up.