Replies to post #17602 on Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

So how much stock do you need to own to become potentially wealthy?

That is the question and I don't know but her is a table of guesses!

10,000 shares at $100 a share = $1,000,000 for a cost of $400 at 4 cents a share.

For a $200 investment at 4 cents / share the stock has to go to $200. Still within reason.

Lets go the other way:

For 100,000 x 4 cents/sh = $4,000 cost at $100 / sh = $10 million and at $200 target its worth $20,000,000.

"TO DREAM THE IMPOSSIBLE DREAM!" IS IT IMPOSSIBLE? I don't think so!

[crazyjogger925]

just for the record i find many postings here so disingenuous regarding the efforts of EEGC and MALCOLM BENDALL bringing a
potential WORLD CLASS DISCOVERY to possible fruition by spending to
date a pittance of $50 million with all the testing and research.
lets compare again the many years in KAZAKHSTAN to bring major oil
companies to focus on the 39 million barrels of oil with a potential
9 billion commercial so far..SHELL AS OF 2009 HOLD over A 16% STAKE
yet has spent over $3 billion to date.obvious my point and most
should agree it does not happen overnight...much planning and preparation has to take place..imo


Posts Tagged ‘Kazakhstan’

Low Oil Price, Econ Crisis May Cut Kashagan Costs – Shell
Mar 10th, 2009 by John Donovan. No comments yet


March 10, 2009: 07:12 AM ET

ALMATY, Kazakhstan -(Dow Jones)- Low oil prices and the economic crisis may cut costs of development at Kazakhstan’s largest oil field Kashagan, Royal Dutch Shell PLC’s (RDSA) general manager for the Caspian region said Tuesday.

“The economic situation and low oil prices should allow us to bring the cost down,” Campbell Keir told reporters. “But we’re continuing to invest.”

He said Shell’s annual investment in Kazakhstan was about $900 million.

“You could guess the majority goes to Kashagan,” Keir said.

Shell owns 16.8% in the Kashagan consortium that includes Kazakh state oil and gas company KazMunaiGas, ExxonMobil Corp. (XOM), ConocoPhillips (COP), Eni SpA ( E), Total SA (TOT) and Inpex Corp. (1605.TO).

Keir said the consortium still planned to get first oil at Kashagan, an offshore oil field in the Caspian Sea, in the fourth quarter of 2012.

Kashagan is expected to produce 1.5 million barrels of oil a day by 2019.

[EarnestDD]

$50 Million spent and NOT ONE Drop of oil ever produced.
and
Not ONE well drilled more than 234 meters.

Enough said.
jmo