Replies to post #4974 on Empire Energy Corporation Intl. (fka EEGC)

[roger wilco]

I suspect that when EEGC hits oil they will be bought out....
That's as far as this play needs to go... Companies like BP will suck these guys up and Malcom will retire a multi millionaire.

[Heraclitus]

EEGC is drilling for Oil & Natural Gas (commercial quantities not proven yet), I am touting CSG for now as it has been proven and Pure Energy's buyout price in this economic environment has set a precedent for valuations. I know Ms Z is getting her panties in a knot over this CSG business over at Yahoo, ( and some Dolertie should not deter investigation, remember EEGC is onshore, not expensive offshore) but it just makes business sense to chase this for now. Obviously, whoever does not understand this at Yahoo, has never run a business to keep it afloat. Some people I guess are kamikaze pilots in business, not me.

Hunts current rig in Tassie is too big for CSG drilling as depths of 200m-1000m are only required and takes too much time to set up and $.
After the Blvu oil drill and if it is not promising, EEGC needs to get some descent collateral ( CSG ) behind them, and then go for the multi oil drilling campaign, subject to an extension of time from MRT and CSG acceptance ofcourse.

Unless, there is good funding now.