Replies to post #19048 on Empire Energy Corporation Intl. (fka EEGC)

[EarnestDD]

Yes ... November in one more trading day. Then December will come and go and EEGC will still be in LIMBO with NO drilling and NO drill rig.
jmo

[BobSinCA]

It is always good to have a short term deadline to measure credibility, particularly of a new management team.

14 days from Oct 26 is November 9, so the company is saying that by that date, they will have authorization for the $20M LOC required for the financing and will recommence mobilization of the drilling rig by that date.

The company also states that drilling is expected by end of November -- a delay but not hugely so from the mid-November in the early September PR.

The market cap has gone up about $1M since the announcement of progress toward the $3.3B oil reserve (per Mr. Bendall; $5/bbl 600K+ barrels), indicating that a healthy level of skepticism about these dates and financing remains in the market.