Empire Energy Corporation Intl. (fka EEGC)

[OilStockReport]

Seems like they have a pretty ambitious plan. It will be interesting to see how this ends up panning out.

Management intends to shortly be traveling to Saudi Arabia, the United Arab Emirates and Qatar for a series of meetings to finalize its $180 million structured finance, secure the first $45 million disbursement and complete the $300 million investment in development of the Company’s flare gas remediation technology – to be rolled out in tandem with drilling operations in Tasmania. Additionally, the Company intends to meet with its potential joint venture partner to solidify contractual terms.