Replies to post #16803 on Empire Energy Corporation Intl. (fka EEGC)

[EarnestDD]

Obviously the Flare Gas Technology is IMMATERIAL or the company would have had to disclose it.

No patents ... no information ... just more FLUFF from EEGC.

It would be wrong for the company to be providing valuable insider information.
jmo

[BobSinCA]

Howard, I think you are misinformed about EEGC's ownership of a flare gas nanotechnology patent. You effectively quote internal knowledge, but the existence of such rights would have to be made publicly known, so color me skeptical.

To further discuss, it is worth reviewing the history of our knowledge of EEGC's participation in this technology.

In an Aug 2009 PR, EEGC said

Mr. Bendall has offered, after long and careful consideration, to bring into Empire the North and South American rights for a very significant proprietary technology

. Note no indication of any plan for EEGC to have a patent -- or even that a patent exists! The PR continues:

Valuation, validation, commercialization and implementation are now being quantified by an outside party to set commercial terms for the transaction. Results contained in this report are expected to be quite substantial on an annualized basis.

This report has not yet been made visible -- which it certainly could have been, even if unique aspects of the technology were kept deliberately obtuse to avoid intellectual property theft.

Certainly, the company was not bashful about sharing the RPS Energy report regarding the value of the 13/98 leasehold.

The February 16 PR announcing the RO going live did not mention these rights, and the company's self-description in the PR left little room for commercialization of such rights:

Empire Energy Corporation is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and to become a leading low-cost finder of hydrocarbons.

Indeed, my research says flare gas technology has been missing from EEGC's public information since the initial August 2009 PR, only re-appearing in the July 9 PR (emphasis added):

a proprietary flare gas technology for which Empire has first option on the North and South American rights.

So, on July 9 EEGC had only an option on rights, not ownership of a patent; do you believe something has changed since then? If so, I would expect disclosure, particulary if it is so valuable that it would require $300M to commercialize it and someone might actually consider investing.

As Sure's business model is to issue 'principal protected' notes -- that is, against verifiable collateral -- I would not expect $300M any time soon. EEGC is likely struggling to find collateral for the first $20M, much less $180M, for oil exploration and likely the $300M valuation would only occur after Bellevue and Thunderbolt actually 'hit' and were developed, thereby perhaps moving toward the $2.2 valuation often quoted by Mr. Bendall.

[EarnestDD]

Well ... the Flare Gas Technology must be IMMATERIAL or the company would have had to disclose it.

No patents ... no information ... just more FLUFF from EEGC.

No links or proof of any Flare Gas Technology.
Just another Red Herring from Malcolm.
jmo