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Microcap & Penny Stocks : EEGC- Empire Energy and the Potential of the Tasmanian Basin
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From: Jerseyfish5/7/2015 11:16:20 AM
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Its a fact that Smartwin was desperate to get control of the oil drilling in Tasmania. They waited till the last minute to pull the plug on financing just to get malcolm back to the negotiating table. They studied the seismic research EEGC completed and they wanted control in the worst way. Well it didn't work out the way they planned but they changed direction and shook hands with Malcolm in an effort to resume drilling. There is big money to be made in Tasmanian oil. All the bashers will scream scam because they are getting paid to dump Malcolm and take over the drilling for big oil. With the new agreement in place we are set to resume the exploration and pump oil and generate big money for all concerned including the shareholders.

From the estimates I got from Mark Callaway before he past away, he said there was in excess of 30,000,000,000 barrels of oil in the ground in Tasmania.

If you just place a mear $50 a barrel the value over the life of the drilling would be $3,641 per share, just 100 shares would be worth $364,100 over the life time of the drill program.Actually it may well be double that as that is conservative. I base these calculations on 412 million shares o/s. And so shareholders we have a lot to look forward to.
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