Replies to post #18263 on Empire Energy Corporation Intl. (fka EEGC)

[BobSinCA]

Where were all these 'wealthy EEGC investors' at the time of the R.O.? Less than $100K in cash raised.

If they have come in since the qualifying holding date for the RO -- why not lend the company a little spare change to buy a rig and pay a drilling crew for three months?

And, certainly you can't call Mr. Villarreal (GMH) an investor -- EEGC is buying his company, not the other way around.

And why do you keep saying EEGC is in the flare gas technology business? Even the company itself does not claim that, their most recent PR discussing it simply claims to have an option to be in that business -- and we know from the August 2009 PR that Mr. Bendall will put a price tag on exercise of that option. Even if exercised, EEGC won't be in that business until they have raised the $300M to commercialize the technology.

[rigman]

In a recent post it was claimed that Empire was "into" the following:

* Oil exploration
* Flare Gas recovery
* Medical waste recycling
* Credit Card finance

IMO none of this is correct. Empire have not drilled an oil exploration well and despite all the PR's I think it is unlikely that they ever will so they can't be said to be in the oil exploration business yet. As I understand it Empire only has the option to the right for this so called "Flare Gas recovery" but does not actually own anything. In addition IMO it is going to take a number of years to develop and cost $300 mil and even then will be competing with several other similar technologies that are already in place and have better funding to develop further. At the moment Empire has not bought GMH and until the do so (which, IMO, will probably never happen) they are not "into" the medical waste and Credit Card finance business.

[oilsleuth]

Now that Empire Energy has decided to become a large profitable conglomerate I see endless opportunities for further diversifications and the sky must be the limit. For example I would hope we could set up (or buy with the funds that are going to arrive very soon) a travel consulting business drawing on our CEO's very extensive experience and I am told that there is big money to be made in nightclubs and stripclubs. If we don't get the offshore licence the Empire Seismic Challenger could be chartered for luxury cruises (especially to the well heeled directors and billionaires in our organisation), and with out experience in holding barbecues at Bellevue there must be ways of getting into the profitable barbecue hardware side of things.

I am putting this post in bold to show how important I consider it to be.