It can't be categorically stated there is no oil, however, the chance of success of the structures Empire intends drilling (if it ever obtains the funds and a drill) for discovering commercial oil is extremely small.
Some very wild chance of success figures one sometimes read are completely off the planet. The 65% figure that is conjured up out of thin air in the final report on SEL 13/1998 is completely delusional and one reason why Empire's credibility is so low.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.