Another month for this company could make or break it. The only thing this company has going for it is an exploration license that expires in September. As far as I know, EEGC does not have any other projects. It takes time to get ready for drilling and it takes time for the drilling to take place. There are many risk involved in drilling a hole deep into the earth. Any one of these risk could delay drilling for a day or a week or perhaps even a month. It has now been seven months since any work has been done on this project. Some may argue that a lot of work has been done behind the scenes but I am talking about work being done on the well itself. There are some, I am not sure of how many, people in the government who are working very hard to strip EEGC from this program. They have a good argument. Ten years and not one quart of oil had been produced. Seven months and the company has not been able to come up with the money to finish drilling their first well. I am sure they will be screaming that it is high time to give some one else a chance. I just am not of the opinion that another month won't make a difference one way or the other.
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