Empire Energy - 500 Beiträge pro Seite

[invest2002]

Empire & Zeehan Zinc Ltd Announce Independent Median Valuation of A$151 Million (USD $111 Million) and Estimation of the Current in Ground Gross Resource Value at A$1.36 Billion (USD $1.01 Billion)
Thursday December 1, 10:43 am ET

LENEXA, Kan.--(BUSINESS WIRE)--Dec. 1, 2005--Malcolm Bendall, President of Empire Energy Corporation International (Empire) (OTCBB:EEGC - News), today announced that Anderson & Schwab Australia Limited has determined a business value for Zeehan Zinc Ltd (ZZ) to lie within the range A$112.4 Million (USD $83 Million) to A$190.1 Million (USD $140 Million) by substantial geological and financial modeling of the business. Mr Bendall said, "We have assessed the gross value of the in ground resource held by ZZ to be A$1.36 Billion (USD $1.01 Billion) based on current metal prices and exchange rates." ZZ is a mining company in western Tasmania, Australia in which Empire, through a subsidiary, has a 37.5% ownership interest.

The Independent Valuation and Assessment of the Mineral Assets of Zeehan Zinc Limited was prepared by Anderson & Schwab Australia Limited, a well-known and respected International USA-based mine evaluation and valuation firm. The ore is all classified as `near to production` and exploration asset values have been determined by calculation of Net Present Value/Discounted Cash Flows and Exploration Expenditure Multiplier methods and are in accord with industry standards for valuing mineral assets.

The report confirms, based on current London Metal Exchange prices and currency exchange rates and the ore resource as now defined to the Australian Joint Ore Reserves Committee (JORC) standards, that the deposits should be economic to mine and sufficient to meet the requirements of the company`s existing permits. Mining operations are intended to commence during 2006 subject to funding, completion of a flotation plant and the review of mining and environmental permits. Currently there are 3,300 tonnes of hand sorted ore stockpiled on site that have been mined and are ready for processing or sale. An independent consultant has reported a measured and inferred resource totaling 6,765,670 tonnes of ore, as set out in the JORC code, containing grades of 5.2% Lead (Pb), 4.8% Zinc (Zn) and 52 grams/tonne of Silver (Ag). Based on an expected maximum modeled production rate of up to 400,000 tonnes of ore per annum, the mines should see at least 10 years of production.

Mr. Bendall said: "The Anderson & Schwab Report clearly demonstrates our belief that an economic resource exists at the Comstock and Oceana Mines and shows the potential at current metal prices and exchange rates of high returns from the venture. The 6.7 million tonne resource estimate indicates the potential for a 400,000 tonne annual output and mine longevities beyond the 10 year horizon. We believe the 37.5 percent investment in ZZ has been validated and should result in a significant return and benefit for Empire shareholders. The price of the metals is continuing to rise and world demand is increasing. The independent appraisal of this solid asset is anticipated to accelerate the move forward toward financing the business plans of the company."

This Press Release contained forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate,", " believes," "plans" and other similar expressions. These forward-looking statements involve risks an uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Empire`s ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.



Contact:
Empire Energy Corporation
Malcolm Bendall, 913-469-5615

--------------------------------------------------------------------------------
Source: Empire Energy Corporation
http://biz.yahoo.com/bw/051201/20051201005570.html?.v=1


das wurde in der vorweihnachtszeit wohl nicht beachtet...

invest2002

[allornix]

Mußte das sein? Meine Order ist noch nicht bedient. Wer weiß, ob wir da noch unter 0,10€ reinkommen?!! Immerhin hat Mr. Bendall schon fast 10% selbst oder als Treuhänder abgekauft. Mannmannmann. Poste doch zu UCL...

[brainmen1111]

hier die letzte news...

LENEXA, Kan., Jan 17, 2006 (BUSINESS WIRE) -- Empire Energy Corporation International (Empire) (EEGC) announces that it has entered into a Letter Agreement to acquire 51% of a Mauritius corporation ("the Company") which has entered into a Letter Agreement to acquire certain brands and lease certain property, plant and equipment and has obtained an option to acquire a majority interest in Jilin Jimei Foods Ltd. (Jimei). Jimei is a 15 year old China based company with an established history of brand development and food processing, specializing in shelf stable food products in China for both domestic and export markets. ...

aber wirklich viel wird im moment nicht passieren, wer kaufen will, sollte in den usa kaufen, hier in dd wird man kaum bedient, habe es mehrmals versucht und nichts bekommen
und wer will schon mehr bezahlen als notwendig!!!!

viele grüße brain

[allornix]

Schauen kost nix, ABER wenn`s haben möchten...
Empire Energy Enters into Exclusivity Period with China-Based Oil Company
Empire Energy Corporation International (Empire) (OTCBB:EEGC) announces that it has entered into a 60-day Exclusivity Period with a China-based oil company to allow those interests time to conduct their due diligence regarding the potential oil and gas in the 3,700,000-acre tenement in Tasmania, Australia held by Empire thru its wholly owned Great South Land Minerals Ltd. Subsidiary.
Tad Ballantyne, recently appointed director of Empire, commented: "It is important for the global economy that China`s economic expansion continue and that access to potentially large frontier basins of oil and gas are made available to China. It only makes sense that one of the largest undeveloped frontier basins in the world be considered by one of the largest growing economies in the world. Empire is pleased to provide a China-based oil company with the time they need to assess the potential and we look forward to continuing our already good working relationship with its management."
Prior to Duke Energy Corporation constructing its pipeline over the tenement, Empire subsidiary Great South Land Minerals Ltd. entered into confidentiality agreements to allow the exchange of basin potential confidential information. Empire directors believe entering into these types of confidentiality and exclusivity agreements from time to time with world-class companies provide the needed time to assess the opportunity. The directors of Empire believe entering into this exclusivity agreement will allow the China-based oil company the needed time to assess the confidential information provided and also the time needed to explore structuring with Empire the opportunity the basin presents to the Pacific Rim countries of China and Australia.

[allornix]

Quelle Karstadt ;-) neee, Business Wire vom 23.01.06 Ende März gibts was für Ooostern. we`ll see

[invest2002]

Empire Reports $100 Million (USD) Financing Arrangement and $1,028,000 (AUD) Accrual on the September 2005 $6.1 Million (AUD) Seismic Contract
Empire Energy Corporation International (Empire) (OTCBB:EEGC), having previously announced its Great South Land Minerals Ltd (GSLM) subsidiary`s execution of a September 2005 $6.1 million (AUD) seismic contract, now announces it has accrued $1,028,000 (AUD) expenditure in January under clause 3.2 Payment Terms of that contract. The contractual obligation on GSLM`s 10-year license was renewed in October 2004 for a period of five years. It was understood on the renewal of the contract that GSLM would start the $6.1 million (AUD) seismic survey in this Australian summer period and the company expects an additional accrual of approximately $1.0 million (AUD) on February 1, 2006.

In the circumstances therefore the company believes it has performed all of its obligations under the contract which were in its control. The company has taken independent legal advice as to the fulfillment of these conditions and is satisfied that they have been duly and completely fulfilled and that it is therefore in a position to continue with its operations in respect of such licenses.

Concerning financing agreements, a U.S. director, Tad Ballantyne, reported from London today that he is pleased that the long process of identifying and selecting additional proper financial intermediaries to arrange both bridge capital and IPO capital has been completed and believes the engagement of the intermediaries will provide all the money necessary to bring the Zeehan Zinc Ltd (ZZ) and GSLM operations into cash flow. The numerous independent appraisal reports needed for validation of the enterprise value required by intermediaries have been delivered. These time-consuming reports were critical in pricing both bridge and IPO capital. Any negative effects resulting from the long processing time to generate the appraisals was more than offset by the increasing price of the underlying commodities and the corresponding increase in the underlying valuation.

The company is therefore pleased to announce that it has entered into a letter of engagement with Libertas Capital Plc, a public company listed on the AIM Market of the London Stock Exchange. Libertas Capital is the Nominated Advisor and broker for the AIM process and has agreed to assist the company with the substantial fundraising required to accelerate the company`s business plans.

The Libertas Capital team has a strong record of assisting companies in the mineral resource and renewable energy space in the London and international securities market. As part of the scope of work, Libertas Capital has agreed to expedite the admission of ZZ to trading on the AIM market. It is anticipated that such admission and related GBP 15 million (US$26.5 million) fundraising will take place within the next few months.

Andrew Greystoke, Partner of Atlantic Law Llp, the legal advisors to the Company during the last two years in the United Kingdom in respect to the AIM admission and general matters, commented: "We are pleased that the efforts of Mr. Malcolm Bendall, the Chairman of the Company over a number of years, are now bearing fruition through the proposed flotation on AIM. We consider this a tribute to Mr. Bendall that reflects the substantial of amount of time, money and effort that has been expended in reaching the present situation."

Mr. Noble Trenham of First Global Securities Inc. (FG), a U.S. stockbroker and investment banker and one of the original advisors, noted: "FG had been ready to provide the initial $5,000,000 (USD) to fund the seismic survey to be conducted in the summer of 2005 that was unfortunately delayed by external events related particularly to the strength of the natural resource industry and the unavailability of equipment. FG remains ready to provide the funds for such a survey as soon as such equipment can be obtained on site. FG has already funded the initial seismic planning work."

In the meantime, the Company, in collaboration with the federal government, has been able to improve its seismic data acquisition parameters and generally to develop the geological information relating to the site and its oil-bearing potential together with the circumstances under which such potential can be realized.

Mr. Keith Laing, Chairman of Empire, who had been present at the original financing discussions two years ago in Europe, stated: "I am delighted by recent developments and that all of the company`s operations continued as rapidly as possible within the contractual framework which, as noted above, remain effective. Recent increases in oil and gas prices and in mineral resource values will, in the light of current circumstances, substantially benefit the company and its operations. The availability of the leases and licenses to which the Company is legally entitled will enable the Company to proceed and in due course realize substantial shareholder value."

Mr. Michael Roberts, President of MR Associates, LTD (MRA), stated: "GSLM has done extensive work to evaluate the property and has provided access to their substantial library facilities and experienced staff. This has encouraged MRA, not only to farm into the block but also to begin preparations for permission to drill additional wells within the farm-in area."

GSLM entered into a contract with Terrex Seismic Limited (Terrex) in September 2005 to produce an additional 1,400 kilometers (900 line miles) of seismic survey over the property of the Company. Initial planning is complete and awaiting permitting. Mr. Steve Tobin, President of Terrex, said: "We are pleased to undertake this exciting work for GSLM. The acquisition of seismic data in Australia has significantly increased during the past summer season but unfortunately equipment and personnel have been in short supply due to industry demand and this has had the effect of delaying the operations of the Company. GSLM has previously paid over $3.5 million (AUD) for earlier seismic work on this part of the property. Additional equipment has now been acquired for the 2006 survey and the Company views the outcome of the survey with confidence."

The monies to be arranged by Libertas Capital, which are expected for both natural resource projects, are expected to be in the order of $133,000,000 (AUD) which will be utilized partially to accelerate the development work on the leases by both the extended seismic work which has already been contracted, and the drilling and development work which has been planned to be undertaken.

Jakob Kinde, the Executive Chairman of Libertas Capital, stated: "We are delighted to have been appointed as Nomad Broker and Advisors to these two very exciting projects. We believe that these two assets will be received very positively by the international investment community."

Dr. Clive Burrett, Director and Chief Geologist to the Company, expressed his view that the prospects for the Company`s property compare favorably with areas in which some large discoveries such as the South Oman Basins and the Cooper Basins have been made. He considers that this property represents an outstanding opportunity for the Company to capitalize on the time, money and effort that has been invested in its development over the last 20 years and looks forward to the commercialization of the possible recoverable three billion barrel (Oil Equivalent) potential. The Tasmanian government, communities and people stand to benefit from the twelve percent royalty that may be collected from any commercial production.

Dr. Burrett stated, "The recent data obtained by the Company and its consultants has also confirmed the over $1.2 billion dollar (USD) zinc/lead/silver resource of the Company`s properties on the West Coast of Tasmania."

Mr. Bendall said, "I praise God for his supplying of the highly qualified personnel and funding to complete the execution of the vision and I thank the Tasmanian Government and shareholders for their continuing support."

This press release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Empire`s ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.


Empire Energy Corporation International
Malcolm Bendall, 913-469-5615



Source: Business Wire (January 31, 2006 - 2:26 PM EST)

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www.quotemedia.com

invest2002

[invest2002]

From the Stockhighlights report:

>We believe that Empire`s acquired interest in Zeehan Zinc ltd. alone, gives this company a gross value of $370 million dollars and thats not including any operational work.<

What a laugh. Zeehan Zinc is the biggest con job of the lot.

The $370 million figure is obviously a 37.5% multiple of the in-ground resource valuation which is just meaningless hype. There is no profitable mining operation in sight for Zeehan Zinc, it`s all stockmarket bait being dangled before naive and greedy dreamers. This one could well earn a place in great Australian mining scams.

aus dem rb board und die aktie steigt

invest2002

[invest2002]

Antwort auf Beitrag Nr.: 20.380.829 von invest2002 am 25.02.06 14:04:00

kursanstieg von über 12%.. gab es news???

invest2002

[invest2002]

Antwort auf Beitrag Nr.: 21.044.466 von invest2002 am 02.04.06 12:58:57

und weiter geht es...schlusskurs in usa 0.2399 usd...

invest2002

[invest2002]

Antwort auf Beitrag Nr.: 21.218.856 von invest2002 am 18.04.06 06:40:50

0,26 usd wochenschluss

invest2002

[brainmen1111]

Antwort auf Beitrag Nr.: 21.282.514 von invest2002 am 22.04.06 12:44:46

ich dneke mal bis mitte des jahres kz über 0,50$, hier ist sehr viel phantasie drin

[invest2002]

Antwort auf Beitrag Nr.: 21.290.068 von brainmen1111 am 24.04.06 08:25:24

und heute 0,289 usd

invest2002