Replies to post #18836 on Empire Energy Corporation Intl. (fka EEGC)

[roger wilco]

The EEGC Guys are getting the job done!!!!!!!!!!!!!!

Empire’s Board of Directors has commenced a rigorous travel schedule to initiate preparation for the establishment of the Company’s $180 million structured finance facility. Meetings led by Empire’s new Chairman, David Villarreal Jr., have already transpired in Pasadena, California and two additional meetings have been scheduled in both Toronto, Canada and New York City this week. These meetings will allow Empire’s Directors to conference with related parties in finalizing the terms and conditions of the financing and organizing for its disbursement.

Empire’s Chairman, CEO and two additional Directors intend to travel to Saudi Arabia, Qatar and the United Arab Emirates within the next two weeks for a series of meetings with potential joint venture partners. The Company anticipates authorization for an initial $20 million line of credit to complete the conditions precedent to the $180 million structured finance facility and recommence mobilization of the drilling rig within the next fourteen days. Furthermore, the Company believes authorization for issuance of the first of four $45million tranches is expected within the next 100 days.