Replies to post #40875 on Empire Energy Corporation Intl. (fka EEGC)

[pitts77h]

Interesting...how odd that, with all that oil apparently just sitting there, Madmal has failed to find a single drop! Even WITH Divine Guidance!

there is [sic] billions of barrels of oil.

What nonsense.

[oilsleuth]

Ah yes, the ghost of the dead accountant won't rest peacefully and is back with us again.

It's basic geology that all folded rocks do not contain petroleum, in fact the vast majority of them do not. Folding evident in seismic data does not automatically equate to oil/gas.

Oil baby oil is not a viable business plan.

I have seen the seismic- there is [sic] billions of barrels of oil.

[crazyjogger925]

too bad this oil saga in tasmania has lasted so long .one of the big mistakes[eegc and sw] i feel was the very bad choice in choosing hunt energy[budget issue no doubt]in 2008 for bellevue and thunderbolt.the hunt #3 rig could never have drilled 8-9000 feet and even with a better choice of drill string. i believe the #3 had a max depth of maybe 5000-6500 ft on its best day?the company ,one of the jv partners for ardilaun energy in fermanagh n.ireland,tamboran resources sydney drilled in beetaloo north australia with success a 12,000 ft well using a drill rig of ENSIGN ENERGY OF CANADA AND HOUSTON,TX.i guess the adage applies" you get what you pay for."imo

credit should go also to santos energy the farm in with tamboran in beetaloo n australia.go eegc.imo