Replies to post #25545 on Empire Energy Corporation Intl. (fka EEGC)

[oilsleuth]

Clarification:

Figure 13: Geological Risking & Volumetrics (GES, 2012, Appendix 21) on page 22 of the Annual Report is a comparison of the RPS and GES models for Bellevue and Thunderbolt prospects. The essential difference is that RPS employed a two stage model while GES used the Chevron Model (1997). There is no indication that GES used any new data but instead a different approach to the same base data and they contend that RPS double counted certain risk factors which resulted in an erroneously low overall prospect risk.

At least this is proof that a review by GES actually does exist.