Empire Energy Corporation Intl. (fka EEGC)

[BobSinCA]

Empire Energy Corporation International (Empire) (Pink Sheets: EEGC.pk - News) announces that the $100,000 option fee has now been paid to Empire by Nemo Partners Energy (Nemo) thereby consummating the $50m USD convertible loan note option and joint venture agreement as previously announced.

Glad Nemo has an option, now a mere matter of exercising that option with $$$.

Let us also hope that Nemo and EEGC, unlike SmartWin and EEGC, have a shared vision of what it means to have a 'consummated' joint venture agreement (PS, does anybody know if this JV agreement must be filed in an 8-K, as was the Sure Capital agreement? Would certainly be interesting reading).

I do have to credit Nemo for their $3.3M proof of funds in support of the coal mining application, if an accurate representation -- hopefully we shortly have a version of that for oil exploration, EEGC's basic business.

Overall, certainly a lot of activity for EEGC's PR department and lawyers, now all we need is cash in hand for drilling.