We all know that sooner or later EEGC will issue a PR. However, we can almost be sure that when it comes out it will have no relation to any previous PR issued. This has always been the pattern at EEGC. The recent example is the PR about the team going to the Middle East to finalize financing followed by a PR which stated they were now working with a new company to arrange financing. The previous PR said they planned to start drilling at Bellevue in November followed by a PR which said they planned to start drilling during the Tasmania summer. What is needed is some real activity and not PRs which talk about things that never take place. Some of us have been waiting for over 10 years. A few years ago they came within a few thousand feet of finally providing us with a real answer as to whether or not there is oil in Tasmania. The amount of money it would have taken to reach that answer was not 200 million dollars but less than one million. Instead we are told that they are off trying to raise 200 million. Sooner or later this will have to end one way or the other. I would rather have them drill and find nothing than to never have drilled at all. Let's hope and pray that something happens soon.
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