Empire Energy Corporation International (OTCBB: EEGC) has received an updated rating with a $0.94 Target Price by Beacon Analyst, Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com/main/Covered-Companies.
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In the report, the analyst writes, “In June 2008, EEGC released an updated analysis of seismic and geophysical data gathered by Solo Geophysics (gravity), Terrex Seismic and GSLM. The analysis indicates that EEGC’s Tasmania Basin wells may have significantly higher commercial value than previously announced. The analysis suggests that EEGC’s Bellevue and Interlaken well sites may have undiscovered prospective petroleum resources of 665 million barrels, which is four to 10 times the initial estimates we discussed in our original report on the Company.”
Other companies in the independent oil & gas industry include: Devon Energy Corp. (NYSE: DVN), EnCana Corp. (NYSE: ECA), Occidental Petroleum Corp. (NYSE: OXY) and CNOOC Ltd. (NYSE: CEO).
Beacon Equity Research Disclosure
The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BeaconEquity.com is a wholly owned entity of BlueWave Advisors, LLC, which has been compensated ten thousand five hundred dollars from Bismark Consulting, a shareholder of EEGC, as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our Web site, BeaconEquity.com, for complete disclosures.
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Empire
Energy Corporation International
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Eisenberg
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Rick Eisenberg, 212-496-6828
