Empire Energy Corporation Intl. (fka EEGC)

[oilsleuth]

Some comments:

GES does not consider an overall play chance for the Larapintine system in Figure 13 but goes directly to the prospect factors. However, is it really true that a prospect in a virgin Basin stands the same chance of success as a prospect with the same prospect factors that is located in a proven and perhaps prolific Basin? I would take a lot of convincing of that. Surely an overall Basin risk factor should be applicable, subjective as it might be.

Where prospect chance factors are directly comparable (Trap and Reservoir) it is evident that GES is prepared to assign significantly higher chance factors than is RPS Energy.

The matter of possible double risking by RPS Energy to one side it would seem that GES has itself applied rather rose-tinted spectacles treatment to Bellevue and Thunderbolt.