Replies to post #22682 on Empire Energy Corporation Intl. (fka EEGC)

[pitts77h]

Don't forget the combination Faser Factory & Medical Waste disposal plant in Missouri. Perhaps that mighty Korean Konglomorate "NBD Partners" has a secret plan C already in place, which is the REAL reason for the $50 million.

I'm suprised Jerseyfish hasn't heard back from EEGC yet.

[oilsleuth]

This one was on another board today:

"On the positive side, I'm not discounting the funding coming through in the form of a JV, I just think NBD might be more inclined to agree to Africa over Tasmania given the petroleum systems already found in Uganda/Tanzania etc. I would be happy if they had $50m to drill in Africa, even if Tasmania is a non-starter."

The notion here seems to be "Sorry EEGC we don't like the look of your Tasmanian prospects but here is the $50 million anyway for you to go looking for oil on some acreage you don't hold somewhere in East Africa."

Nope, I think we need a Plan C.