Replies to post #22310 on Empire Energy Corporation Intl. (fka EEGC)

[pitts77h]

Yes, "JV" announcements have been quite slippery.

It seems to be a favorite tactic - to announce that EEGC is traveling to someplace exotic to "finalize" the terms of the JV, but then never specifically announcing that the negotiations were successful, that the JV exists or what the terms of the JV are. Later PRs about other projects then go on to discuss the JV as if it HAD been finalized and funded.

The Sure Capital "funding" of $180 million is a great example. EEGC even posted the "contract" in an 8K. Of course, there was no funding.

I challenged anyone to point to the 8K announcing the successful completion of either the TXO JV, or the NBD JV. Nobody has been able to. The best I got was a lame "the company is currently defining the content of the contract"

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70825399

and a weak "the party's [SIC] are working on the terms in relation to the Tasmanian Basin project as well as others."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70827290

and still, that poster would not acknowledge that the JV did not in fact exist, insisting that "the 8k says otherwise." He never did say what 8K he was referring to.

[goingUPagain]

oh well, eegc either is a hero co. or a zero co. , we shall find out soon enough. meanwhile, better stocks out there to have in one's portfolio.

when the drill is turning over bellevue, i will be interested more. my breath is not being held, however.