Replies to post #18418 on Empire Energy Corporation Intl. (fka EEGC)

[rmanton]

$25 a share on the NYSE ... humm.

Could you please show how you calculated that. Fully diluted makes the company worth $10B.

[EarnestDD]

EEGC has been attempting to get financial partners for Years and has been unsuccessful in achieving that to Drill even ONE well.

These potential partners have seen the "research" done by EEGC and have elected to pass on investing.
Value is $0.02 per share and EEGC might be overvalued at that.
jmo

You have to know what the asset value is and to date it has not been published and only known to the company. They have the results of the research.

[rigman]

There is no "asset value" because Empire has virtually NO ASSETS. All they have is a license to drill two wells and unless they find oil in economically producible amounts (which is by Empires own admission very unlikely) they do not have an "asset".

To talk of a $25 share price is also IMO very unrealistic when you look at the share price of other companies who have recently found oil (E.g. Stuart Petroleum, Vic Pet, Central Petroleum etc).

[oilsleuth]

When you say the "asset value" that would make the stock be worth $25 on the NYSE is known only to the Company (and to yourself) has the Company been drilling holes in secrecy and will shortly be releasing the astounding results to the stockholders?