Replies to post #2688 on Empire Energy Corporation Intl. (fka EEGC)

[roger wilco]

IMO the Hunt Rig doesn't have any other work so therefore it is just sitting there. If Hunt was that busy that rig would have been outta there a long time ago. Hunt doesn't appear to be much of a company based on my observations of there website. I sincerely doubt EEGC is paying any substantial amount of rent on the unmanned rig at the moment. It's not like there is any other oil exploration going on in Tasmania. I believe the $10,000 a day fee exists when the rig is operational and fully manned.

Just IMO.

[Howardhaftel]

No worries on the fee for the rig. The original idle fee was changed, I believe.
The cost to the well drilling company to disassemble and truck to another site in a bad business environment is not at all attractive. They would rather leave the rig in place knowing that the work will start sooner or later and their overhead cost are being covered. We should hear very soon about when the work will begin. All the materials needed are at the site and the workers will be recalled when money is deposited into the company account.