Replies to post #16798 on Empire Energy Corporation Intl. (fka EEGC)

[roger wilco]

After taking a closer look at that chart it sure appears the US Government thinks there is oil in Australia. I guess that means we should all load up some more EEGC shares especially at today's bargain prices.

Especially considering that off shore oil production is under fire from the recent Gulf of Mexico disaster.

[Howardhaftel]

The entire world is watching GSLM and if and when the discover oil they will be flooded by governments trying to get in on the windfall.

All the big oil companies have an interest in it. Their producing wells are depleting and they need replacement oil to keep their earnings up and growing. They let the junior oil exploration companies do the grunt work and then they pounce on it. That way they don't divert their resources to wasted efforts and even though they pay more they get results.