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roger wilco

07/28/10 12:25 PM

#16690 RE: Howardhaftel #16687

Howard,

One of the nicest things about oil exploration in Tasmania is that economy is completely dependent on other world wide sources for it's petroleum needs. The oil can stay in Tasmania/Australia and become the major supplier for the region. Oil that doesn't have to travel by boat long distances means lower costs and higher profit margins... I see a bright future here for EEGC when they start producing domestic oil supplies...
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invest2002

07/28/10 1:58 PM

#16692 RE: Howardhaftel #16687

i am since years invested in this company, so i am a longtime investor as you know but that is one of my badest investments i ever made until today
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rigman

07/28/10 7:08 PM

#16707 RE: Howardhaftel #16687

IMO Empire will have a lot of problems finding a rig in Australia that is avaliable and can drill to the required depth.