I no doubt will gain alot of criticism for my positive comments which follow. Being retired one likes to dream....
1. The most vital task is to obtain the two new leases from MRT.
2. Rights Offering is commenced.
3. On the sidelines, Roberts hits oil - wow - EEGC stock price will jump upward - making it easy to complete the Rights offering.
4. EEGC hits oil.
5. How much oil....?
Belview 12km x 80km - wow - could be billions of barrels. I believe no one really knows how deep it goes...
6. How much investor profit potential...?
a. rought guess on how many shares outatanding after the rights offering: 500 million.
b. so for each Billion barrels of oil, each share owned would be worth 2 barrels of oil. (for the idiots - simply divide 500 million shares into one billion barrels and you get two barrels).
7. and then there are those - including me - that believe, there might be 10 billion barrels of oil .... or more....
8. and then there are the old timers that own at least one million shares which means each million shares of oil is worth 2 million barrrels of oil...
9. and then we guess at how much two million barrels of oil is worth..
10. and if we discover EEGC/GSLM has ten billion barrels of oil, I(not counting the future underwater lease) then the million share owner has twenty million barrels of oil.
11. and twenty million barrels of oil, at the Boone Pickens price of $250 a barrell in 2015 equals five billion dollars.
12. and then there is the natural gas patent. I suspect anything that increases gas production has the interest of Russia - which will be the exclusive source for natural gas after 2035.
So you say, too much dreaming... fine. Ten percent of five billion dollars is not bad either...
respectfully
Colonel Jim Krilich, USA Retired
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