Empire Energy Corporation Intl. (fka EEGC)

[oilsleuth]

A comparison of oil exploration with "product development" is hardly appropriate.

If you also have in mind the flare gas technology then that was first announced 2.5 years ago and we had been led to believe it would take $300 million to develop and commercialize it (the recent splurge about how great it will be for the oil discoveries East African Oil will make absentmindedly overlooked the fact that as far as we know it hasn't even been demonstrated to be a commercial proposition as yet). They had better get a move on if they are going to meet your not too rigorous time scale of 4-5 years.

Incidentally, one wonders why Empire should have been talking of doing the deveopmental work off its own bat when it holds only the N and S American rights for the purported technology (is it any more so far than someone's musings on paper?). No talk of the holder(s) of the rights for the rest of the world contributing large stacks of greenbacks. Something funny going on there if the principals can't attend to the full development and instead leave it up to a lightweight licensee to sort out.

No wait, STOP THE PRESSES, the latest is that a facility with a FORTURE [sic] 150 plant manager has been identified in Missouri that is going to take over the development (along with the vaunted FASER) apparently on a shoestring budget. Wow, maybe we get to the finish line just inside your 5 years after all.

Post Script: on further reflection I think a patented invention does require a working model.

sometimes it takes....

4-5 years, or more for product development to occur....eegc's product is developing oil companies/properties and other entities....overnight successes take years...the time is upon us now...