Empire Energy Corporation Intl. (fka EEGC)

[oilsleuth]

I have thought about it - it didn't take long - and concluded that TXO could not come up with the funds on its own account to drill in Tasmania (it was first "sold" a 49% stake in June) and it has apparently come unstuck betting that some obcure mob it is pals with somewhere in Asia would put up the startling sum of $50 million to drill 14 impossible holes. That doesn't look like very savvy knowledge of the oil business to me.

As for "expanding" into Africa it is not possible to expand a big fat zero and that is just another one of Bendall's attempted distractions. The hype about using the famed GTL technology (which Empire does not hold the rights to) to ginger up oil production from undiscovered oil fields on non-existent tenements that have not been drilled with 10% of the imaginary profits going to the Ugandan people (assuming they were ever to make it past the guys running the country) ought to be sufficient clue as to how much nonsense that is.

Think about it.