EEG 0.00% 34.5¢ empire energy group limited

story is unfolding-are you in for the boom ?

  1. 1,296 Posts.
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    Ok so for all those that are not that well versed on the shale boom that is taking the world by storm, I strongly reccommend viewing the link below which was presented at rice university for a through analysis of why shale is the new gold to the energy world- and how fortunate eeg is to be holding substaintial land in prime shale potential

    http://www.akronnewsnow.com/news/itemdetail.asp?ID=45081

    Food for thought as some light reading-

    MUST MUST READ- A STUDY ON THE FRACTURED SHALE POTENTIAL IN NEW YORK STATE -

    http://treichlerlawoffice.com/radiation/HillNY.pdf

    OR-


    Potential Utica Shale Oil Boom Draws Questions

    "From all of the data and well bore penetrations that we have, all indications point to oil, yes," Sordoni tells AkronNewsNow.com. "That has to do with the thermal maturity of the rock, the depth of the rock, but all indicators exclusively say oil."

    "The Utica Shale is a geological horizon or formation of tight shale, that is holding hydrocarbons of dry gas, wet gas and oil character."

    http://www.akronnewsnow.com/news/itemdetail.asp?ID=45081

    MUST READ IMO- "Will the Utica Shale Surpass the Barnett and Marcellus? "

    http://seekingalpha.com/article/255525-will-the-utica-shale-surpass-the-barnett-and-marcellus

    ANOTHER MUST READ- showing that the utica shales in new york is becoming hot hot topic of late and definantly should rerate this small o+g producer/explorer

    http://nyshalegasnow.blogspot.com/2010/11/new-wells-in-new-york.html

    AND ANOTHER RECENT PRESENTATION- note that this company ( norsen energy is a company that should be watched closely- sure that if shales start to get proven, they will be looking for more acquisitions to complement their existing land in the area-

    http://www.norseenergy.com/media/Penn_Dixie_Final_Presentation_3-11-11.pdf

    the potential is amazing- what is even more amazing is the fact that

    i) not a lot of shares on issue in comparison to other oil and gas explorers/producers

    ii) zilch-zero no value is accredited to our current utica and marcellus shale plays so if the new york ban gets lifted- ( as most sites and industry experts predict) a re-rating is bound to occur short-medium term

    iii) we are a producing o+g company moving forward , helping us to source exploration work longer term from revenue. Which also leads me to mention that the significant backing of Macquire shows great confidence in our forward strategy and financial support to support exponential growth planned over the next 3-5 years -

    Ingredients for success have been cememented imo- now lets just let things unfold to benefit from the plan set in place. Definantly accumulation time for me- everyday I see how undervalued and overlooked it is on our local markets-

    Time will tell -






 
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