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Re: oilsleuth post# 23669

Monday, 03/05/2012 9:03:21 PM

Monday, March 05, 2012 9:03:21 PM

Post# of 42999
There is getting to be a chicken and egg problem for the EEGC lease.

I have long thought that if there were drilling activity (even if not complete), MRT would let work progress to EEGC's benefit in some way.

However, at this stage I can't imagine anyone investing without iron-clad assurance that this is the case.

Perhaps a way around that could be real investor money in an escrow account with tight conditions about its removal by the supplier -- with release to EEGC dependent upon MRT granting whatever licensure is required.

Note: Letters of credit need not apply....

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