Empire Energy Corporation Intl. (fka EEGC)

[jerseyfish]

The company spent over $50 million developing over 18 sites to drill. The money was used to do seismic research. In the early years there was no intent to drill a well to bring up oil only to develop the sites. If you went back far enough the government of Tasmania provided a grant as well. If you read the reports and did proper research you would know the research went on for years and was in the final stages and had the Hunt #3 rig in place at Bellevue and was about to drill for the money. Hunt withdrew the rig when the Joint venture partner failed to pay the final $1.1 million. If you go to the website you can see a picture of the drill rig ready to drill. There is also a big report over 100 pages prepared and submitted to MRT and was the reason they granted the new lease. There is now new money to replace Smart winns. EEGC took Smart winn to court and won and they are on the hook for an enormous penalty. EEGC doesn't need that money to do the initial drilling. There is so much you do not know but that information is available if you know where to look. The employees of the company are tops in their field and would not stay with the company if they were not on the up and up. Your opinion is unfounded to say the least.