Replies to post #5893 on Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

I am looking for an explosion on Monday. Pieces of EEGC will be flying into many new accounts. Good luck to all longs and stay for the show.
I have fixed my selling price at what ever gets me to $10,000,000 of share value, so don't look for my shares very soon.

[roger wilco]

A 50 Million dollar credit line assures Empire will be able to drill several sights that has been Malcolm's goal all along. With the rig being in Tasmania the company should be able to drill the rest of the locations with the money they have obtained.

Eight exploration wells are planned for the GSLM drilling program. These include: Bracknell #1, Butlers Rice #1, Hummocky Hills #1, Bellevue #1, Interlacken #1, Cressy #1,Thuderbolt#1 and Quamby #1.

Drilling
costs for each well are estimated at approximately $2.5 – 5.0 million. If commercial
quantities of hydrocarbons are found, EEGC estimates additional spending of $1.5
million to complete each well before production can begin.