Empire Energy Corporation Intl. (fka EEGC)

[oilsleuth]

I have some difficulty deciphering your meaning, however, since Terrex Seismic has supposedly been contracted and mobilised to Tasmania (not by Empire though!) I don't see how capital raising through an AIM float to fund the surveying is at all feasible. The $2 million spoken of is apparently to come from NBD Partners (the same crowd who is supposedly going to fund the East Africa fun and games). Also if the coal seams at and around Mt Lloyd are as thin and faulted as the literature describes I don't see that seismic would prove very much at all - the profiles would likely resemble a bowl of Korean noodles.

Get it?
SPV, Special Purpose Vehicle to develope identified black coal potential... that the company is willing to spend 2 million to define and float the cost of production through APA (Alpha) reasonably) through the AIM, which is a brilliant proposition, knowing it's value based on it's seismic data reasonably not privy to the last lease holder wherein, even Empire admits