Are we to take THESE at face value as well? How long are we to wait for the Hunter Wise $200 million that we were assured was a done deal? Or the Sure Capital $180 million? Empire even filed the "loan" documents as part of the 8-K.
Every word in those PRs and 8-Ks was a lie.
July, 2010 "On June 30, 2010 Empire Energy Corporation International entered into an Asset Management Agreement with an international finance company, Sure Asset Management (www.surecapital.org) to provide structured financing in the sum of USD$180 million... $45 million per annum over a four year period to support the Company’s license applications and the resumption of its drilling operations. "
December, 2010 "Empire Retains Hunter-Wise Companies, Inc. for USD$200 Million Capital Raise... proceeding with the Empire capital raising efforts of an initial USD$200,000,000.00 (two hundred million dollars US)"
June, 2011 "Empire Signs USD $5M Convertible Loan Agreement for Bellevue #1 Drilling... Empire has secured several strategic commercial partners in the United Kingdom... Empire has sold a 49% stake in return for USD $5 million funding "
September, 2011 "Empire and a London based partner, TXO Plc, an AIM listed company on the London Stock Exchange, have concluded negotiation of the terms of a Joint Venture and Administration Agreement (JVA) for the proposed drilling of Bellevue and Thunderbolt oil wells in Tasmania Australia... these funds are expected to allow us to complete our audit for the year ended December 31, 2010 and therefore to file our 10K and interim quarterly reports on Form 10Q. The parties to the Agreement plan to drill both giant domal seismically defined targets this spring and summer..."