EEGC is in no rush to drill but not because of money or equipment. Its the WEATHER! Bellevue is 4,000 feet above sea level and snow is not uncommon right now and I believe there is some on the ground from a snow shower. By November mid to late, the snow should be gone and more conducive to drilling. They have secured a line of credit for $20,000,000 to pay for the new rig and continued operations till the first part of the $180,000,000 is delivered. They have multiple drill rigs to choose from and likely when they strike oil they will use all of them to speed up production. They will need many drilling teams and the reason for a Joint Venture to manage the operation. This is a far more complex operation then appears on the surface. Don't post hasty opinions because you just don't know. There are continual meetings going on all over the world as we speak for different requirements and ventures of the company. Its developing very fast now and we should see results soon. How soon depends on the success of the talks. Before this is all over many billions of dollars will be spent. Those funds will come from Joint Ventures, cash flow from on going operations and cash flow from new discovered hydrocarbons. Its all good and a very bright future is facing us.
