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April update. Drilling soon to start in Tasmania.

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jerseyfish   Wednesday, 04/11/12 07:09:23 PM
Re: None
Post # of 42995 
April update. Drilling soon to start in Tasmania.
Monday, Apr 09 2012 by GoldenAuras

Malcolm Bendall (EEGC CEO) & Tim Baldwin (TXO CEO) have returned from several weeks of meetings in Korea with business partners, which my sources say went well.
Myself and other investors will be looking forward to several Press releases which will be out soon with the outcome of the Korea meetings and information on the mobilisation of oil rigs and other progress made.

April and May should be exciting months.

A note to other Investment readers: Be patient. Investors and General public are really the last to know about proposals for Licences, start dates etc… due to the fact that that there are many people involved; Business partners, Creditors, Local Government and other regulatory authorities. Press releases can not often reveal this information until transactions have been made or contracts signed as it could potentially jeopardise deals until they have been completed.

These companies are legitimate businesses who act with their own ongoing success and Investors success in mind. They are not scammers Here today, gone tomorrow, running away with investors funds. There is too much at stake for them, they are also regulated by by local governments and other agencies, and in order to operate their research has been independently verified.
Please refer to http://www.gslm.com.au/ 'Competent Persons Report - Assets of Great South Land Minerals Limited, Tasmania.' Prepared for Empire Energy Corporation International and its wholly owned subsidary Great South Land Minerals Ltd of Hobart.
This is a very in-depth report which was independently done and was a requirement for Empire to get it's initial Licence granted by the Australian Government.

There have been several articles referred to on Interactive Investor referring to Low yield Coal which was not economically viable. These are outdated.
Coal is graded and High yield Coal is rare to find. High yield Coal typically has a TOC value below 100. But even Low yield coal is useful. It's economic viability is then determined by the size of the deposit and how easy it is to be extracted. Note that both mining equipment & techniques have improved and Transportation services have improved since early reported findings by others years ago. Core samples from various sites have found Coal with varying values from Low to High and Coal seams varying thickness. Some coal seams were found up to 300 metres thick. One core sample revealed Coal of Type III with a TOC of up to 188 which is a very high value and has great commercial value.

I have had an apology that the company's web site is very out of date. Unfortunately they have been very busy with the preparation for drilling and the web site has been neglected. However, once the drilling commences soon, then the web site will be given a lift and should maintain regular updates on the drilling progress.

Oh! Faser technology patents.
Has anyone stopped to think what a ridiculous request it is to ask for proof of Faser Patents.
Since our topic revolves around Tasmania I will use an Australian car for my analogy. Would you ask the mechanic, about to service your Holden Commodore to produce patents for the Engine tuning technology. First, they would probably look at you blankly. Secondly, it would be quite some feet to produce such a request. As it is not just one tool like a spanner with a patent, that make up the tuning equipment, but a whole range of equipment, many which are complex and have many patents, some of which may be owned by Holden themselves, but parts may be patented by IBM, Motorola etc….

Like asking the late Steve Jobs for a patient for the Apple iPhone. The first iPhone came out with a couple of hundred patents. This has expanded many times as the iPhone has evolved.
"Yet the iPhone, even with its 200 patents, is still a simple product with few components. A telecommunications network, like the 4G wireless network new and ongoing development, has so many moving parts that it depends on tens of thousands of individual patents to keep the entire machine running. As of 2008, there were 18,300 patents and 16,254 pending applications particular to the development of a 4G network. While 4G offers innovation, it hasn't reinvented the wheel and still relies on the over 80,000 patents that form the backbone of telecommunications connectivity." http://www.iptoday.com/issues/2009/11/articles/how-many-patents-take-build-iPhone.asp

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