Replies to post #16321 on Empire Energy Corporation Intl. (fka EEGC)

[EarnestDD]

There is NO proof that Sure Capital has any financial capability.
Their website is not proof of financial capability.
Sure Capital is an unknown ... their NY office number is really just an answering service.
jmo

you might see big names in middleeast are involved with EEGC. I say that because sure Fund is well established in the gulf region

[BobSinCA]

Important point from your quote from the Sure Capital web page is the following:

the bas structure is securing the principal off all its investor, Sure Asset management traditionally work on a very conservative as far as the Risk ratio is concerned.

It will be interesting to see how this self-stated conservative company evaluates the collateral offered by EEGC, which at the end of the day is a wildcat/exploratory play. Note that Sure Capital is not investing a lot in this project -- the Agreement itself was pretty boilerplate, and per that Agreement, EEGC is paying the cost of Sure's collateral evaluation.

On the other hand, some of the projects discussed on the Sure Capital website look to be ones which were likely not 'principal protected'; not sure why the 'principal protected' approach is being taken for the EEGC project, as described in the July 9 PR.