Replies to post #16709 on Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

The company EEGC is buying it from says the ship time is 6 weeks. I have no reason to doubt them. We may not use the new rig for Bellevue. The rig was ordered for another reason about a year ago.

[EarnestDD]

Rigman ... like you I have heard that Hunt did everything EEGC wanted ... EEGC just did NOT have the money to pay them.

Hence the creditor suits. Hunt is still owed in excess of $1.5 Million. I am sure this will get nastier as time goes on.
jmo

[wshaw14]

Rigman, so are you saying we should follow their lead and drill a dry hole. That is comical. No thanks, I would rather own a company that has a hard time raising money than one that uses a divining rod.