Malcolm Bendall (EEGC CEO) & Tim Baldwin (TXO CEO) have returned from several weeks of meetings in Korea with business partners, which my sources say went well.
Myself and other investors will be looking forward to several Press releases which will be out soon with the outcome of the Korea meetings and information on the mobilisation of oil rigs and other progress made.
April and May should be exciting months.
A note to other Investment readers: Be patient. Investors and General public are really the last to know about proposals for Licences, start dates etc… due to the fact that that there are many people involved; Business partners, Creditors, Local Government and other regulatory authorities. Press releases can not often reveal this information until transactions have been made or contracts signed as it could potentially jeopardise deals until they have been completed.
These companies are legitimate businesses who act with their own ongoing success and Investors success in mind. They are not scammers as 'Drunken Sailor' may lead you to believe. Here today, gone tomorrow, running away with investors funds. There is too much at stake for them, they are also regulated by by local governments and other agencies, and in order to operate their research has been independently verified.
Please refer to http://www.gslm.com.au/ 'Competent Persons Report - Assets of Great South Land Minerals Limited, Tasmania.' Prepared for Empire Energy Corporation International and its wholly owned subsidary Great South Land Minerals Ltd of Hobart.
This is a very in-depth report which was independently done and was a requirement for Empire to get it's initial Licence granted by the Australian Government.
There have been several articles referred to on Interactive Investor referring to Low yield Coal which was not economically viable. These are outdated.
Coal is graded and High yield Coal is rare to find. High yield Coal typically has a TOC value below 100. But even Low yield coal is useful. It's economic viability is then determined by the size of the deposit and how easy it is to be extracted. Note that both mining equipment & techniques have improved and Transportation services have improved since early reported findings by others years ago. Core samples from various sites have found Coal with varying values from Low to High and Coal seams varying thickness. Some coal seams were found up to 300 metres thick. One core sample revealed Coal of Type III with a TOC of up to 188 which is a very high value and has great commercial value.
Please do not pester Paul Heath and others quoted by 'Drunken Sailor' on the Interactive Investor site. Paul Heath is primarily a Geologist, and although he is involved in other aspects of the company, he is not in a position to answer Investors questions. There is however an Investment Liaison person, the correct way to contact if required is through the http://www.gslm.com.au/ website, [Contact Us] link and fill out the online form, or alternatively E-mail: firstname.lastname@example.org
I have had an apology that the company's web site is very out of date. Unfortunately they have been very busy with the preparation for drilling and the web site has been neglected. However, once the drilling commences soon, then the web site will be given a lift and should maintain regular updates on the drilling progress.
I have done my research and know exactly who you are "Drunken Sailor". A bloke who several years ago was up to no good and ended up head to head with Malcolm Bendall. You lost! But rather than tucking that tail between your legs and disappearing, you have become bitter and vengeful and have made it a life mission, to get in your own mind, revenge. For several years you have blogged on several of Malcolm Bendall's companies and his business partners sites, using multiple aliases and changing your server address to avoid being located.
Oh. I find your comments to my last post on this site funny. You remind me of Gollum from 'Lord of the Rings' sitting in your dark cave having conversation with your self about your 'Precious' and how you can get your hands on it. With your split personalities talking to each other; 'Oil Baron1' & 'Drunken Sailor'.
For other readers you will note the same language being used and he is just trying to support his own comments, as if it makes him more credible. There are also multiple Aliases on the Interactive Investor site http://www.iii.co.ukand several of the companies web sites which he uses. Unfortunately Drunken Sailor and his alleged 1 share he owns (Humpff. As if. Lie!!!), is not going to go away. He is so caught up in his perverted and malicious ways. I just hope other readers will be a little more astute and can overlook his comments with the knowledge of where they originate from.
I know who Drunken Sailor is but I am not here to name names. I do not want to get personally involved. I'll leave this to Malcolm Bendall, Tim Baldwin and the Authorities to sort out. I believe in Karma, Drunken Sailor will get what's coming for him. Perhaps he could have been successful if he were not wasting so much of his time in being a bully, trying to take what's not his and trying to use deception and intimidation.
Drunken sailor acknowledges he is not liked by Tim & Malcolm. Not surprising!
Wed 11:19 Re: Empire Share Price Yesterday drunken sailor
Why not drop Tim a line to ask him
Funnily enough I am not flavour of the month with him.
Oh! Faser technology patents.
Has anyone stopped to think what a ridiculous request it is to ask for proof of Faser Patents.
Since our topic revolves around Tasmania I will use an Australian car for my analogy. Would you ask the mechanic, about to service your Holden Commodore to produce patents for the Engine tuning technology. First, they would probably look at you blankly. Secondly, it would be quite some feet to produce such a request. As it is not just one tool like a spanner with a patent, that make up the tuning equipment, but a whole range of equipment, many which are complex and have many patents, some of which may be owned by Holden themselves, but parts may be patented by IBM, Motorola etc….
Like asking the late Steve Jobs for a patient for the Apple iPhone. The first iPhone came out with a couple of hundred patents. This has expanded many times as the iPhone has evolved.
"Yet the iPhone, even with its 200 patents, is still a simple product with few components. A telecommunications network, like the 4G wireless network new and ongoing development, has so many moving parts that it depends on tens of thousands of individual patents to keep the entire machine running. As of 2008, there were 18,300 patents and 16,254 pending applications particular to the development of a 4G network. While 4G offers innovation, it hasn't reinvented the wheel and still relies on the over 80,000 patents that form the backbone of telecommunications connectivity." http://www.iptoday.com/issues/2009/11/articles/how-many-patents-take-build-iPhone.asp
Drunken Sailor is just attempting to throw another Spanner in the works. Faser technology has a vast number of patents involved. Some owned by Empire Energy for parts they have designed themselves. Some owned by other companies. Some Faser equipment is designed by Empire, some has been acquired in the past from a take over of another company (announced in a previous Press release), some is leased from other companies such as Shell.
Just trust that the relevant patents are there. If they were not and Empire and TXO had done something wrong they would be finding themselves dragged through Hot Coals and into the courts.
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