Empire Energy Corporation Intl. (fka EEGC)

[oilsleuth]

The licence conditions require the expenditure of $7,550,000 but with the drilling of Bellevue to 2800m and Thunderbolt to 2600m it would follow that that amount should be met.

To achieve drilling those holes and keep Empire afloat the mysterious NBD Partners would probably need to hand over $10+ million (we can dismiss out of hand the absurd $50 million for 14 holes this summer). The chance of success of it happening looks to me to be about 2%