Empire Energy Corporation Intl. (fka EEGC)

[righty]

Oil exploration in Tasmania, has many similarities to the New Zealand efforts.

GMP puts $225 target on New Zealand Oil Play

Those familiar with the eegc story as it has developed in tazmania will find this story and it's similarities,.... very interesting.

from oil seeps, to low oil finds at first, to lengthy exploration and dry holes, non domestic operators,

hell..."The impression that only gas could be found in New Zealand persisted for several decades."

http://www.teara.govt.nz/en/oil-and-gas/4

Then

"Discovery of KapuniIn 1954, the Todd Brothers company obtained government leases to explore large areas of the North Island, and it involved two overseas oil companies, Shell and BP, in the work. The first large-scale seismic surveys were carried out in Taranaki farmland, revealing a promising underground structure near Kapuni.

One Sunday morning in 1959, a drill rig at Kapuni struck gas at a depth of 4,000 metres. The pressure was such that it forced the drilling mud back up the shaft, plastering the rig and workers with muck. Kapuni was only a moderate-sized gas field by world standards, but it was large enough to meet the country’s requirements for gas.

Kapuni gas replaced the gas produced from coal, which led to the demise of gasworks throughout the country. A gas treatment plant was built to reduce the water and carbon dioxide content of the gas before it was reticulated to users. High-pressure pipelines were laid to take the gas to Wellington and Auckland."

Now anybody hear a familiar tone?
I sure do...skeptics skeptics skeptics...theres no oil!!!!!

Years and years and multi millions of dollars were likely expended before....click click boom!