Empire Energy Corporation Intl. (fka EEGC)

[Drunken Sailor]

based on the golden auras post things look good

You have clearly been influenced by what looked like an semi- official release by someone with valid contacts in the company.

I believe GoldenAuras may be posting his stuff with the best of intentions and not deliberately throwing out concrete life belts, but he has no inside info, indeed he has very limited understanding of the whole oil and coal business, which is why he makes a number of very basic mistakes like misinterpreting 300m thickness of coal measures as 300m thick coal seams and claiming the 2% COS is a 2% risk of failure.

I know it is much easier to allow yourself to be influenced by people who are saying what you really want to hear. It is also easy to do irrational things as some sort of weird revenge on people who tell you things you do not want to hear.

The licence expiring on 16 May is a fact. You know that a rig has not yet been mobilized. You know that one would have to come from Australia at the nearest. So why not do a bit of working out for yourself, try and find some other projects that have drilled or even go back to when the Hunt 3 rig did show up at Bellevue and try to work out what a realistic timeline would look like assuming the rig is mobilized tomorrow - today is finished in Tasmania. The rig needs to travel to a port, get shipped, disembark, get to the site, be set up and inspected by MRT and cleared to drill. It then needs to be able to drill to a depth of around 3000m through hard dolerite, with a 200m head start and all that need to be possible before 16 May or MRT will not approve the plan in the first place. See what you come up with.