Beacon Equity Research Featured Company: Empire Energy Corporation International (EEGC.OB)
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…