Empire Energy Corporation Intl. (fka EEGC)

[oilsleuth]

All the expenditure (purported) on SEL 13/98 is ancient history and has no relevance to the appeal against the Minister's refusal of an extension of EL 14/2009. In any case the required work commitment on the SEL (the drilling of Bellevue and Thunderbolt) was not carried out just as it was not on EL 14/2009. However many times Malcolm claims it was does not make it true.

From the release:

As a result GSLM was placed into voluntary administration at 11am on the 21st June 2012 by its board prior to an order of the Federal Court of Tasmania to appoint a liquidator, at a hearing at 2pm on the same day.

That is untrue. The Federal Court hearing on 21 June was told that the Directors had agreed (by a phone hookup if I remember correctly) to appoint a voluntary administrator and a request was made to the Registrar for an adjournment of one week to allow an appointment to be made. The barrister acting for Dyson Security was opposed to the request stating that it could allow GSLM to appoint a sympathetic administrator to the possible detriment of the creditor. At no time did GSLM's barrister state that the Company had already been placed into voluntary administration. The Registrar rejected the request and placed GSLM in liquidation and appointed a Liquidator in stark alternative.