Empire Energy Corporation International (EEGC.OB) is an oil and natural gas exploration company. In 2005, the company acquired the publicly traded Australian Company, Great South Land Minerals Limited, through a reverse merger. Empire has raised $12 million of capital since January 2007.
Empire plans to explore and develop projects in onshore areas of Tasmania in Australia. The company has exploration rights to an onshore petroleum license in Tasmania through their wholly owned subsidiary, Great South Land Minerals Limited.
The company is hopeful the Tasmanian property will yield as much as 3 billion barrels of oil equivalent. The license allows Empire to explore public and private land within the licensed 15,410-km² area in the Tasmanian Basin.
The company has plans to commence drilling in August 2008 on eight to fifteen wells. Empire has conducted extensive research and compiled a database of seismic, gravity, magnetic, geochemical and geophysical data. The company has also paid for independent expert reports to prove the potential for large oil and natural gas resources on the Tasmanian property.
Let us hear your thoughts: Empire Energy Corporation International Message Board