EGO - Empire Oil

[DAZT49]

I am confused, isnt the "Fast Eddie" proposal due for some kind of resolution this week?

[The Darb]

I am confused, isnt the "Fast Eddie" proposal due for some kind of resolution this week?

The Supreme Court Ruling the validity of the first requisitions to be held on 26 September

[The Barbarian Investor]

The Dump was always going to happen. I am waiting to see how low it will go then i will buy some more .
With all the permits that EGO have and the drills planned . The price should recover

Will be interesting to watch it pan out

[DAZT49]

meeting called for 30th Oct.
its wierd with no discussion on EGO on HC and Topstocks.
Absolutely disgusting that management has gone down that road.

[DAZT49]

question for joeblow if he is looking in.
any pressure on ASF from company re EGO posts?

[Joe Blow]

question for joeblow if he is looking in.
any pressure on ASF from company re EGO posts?

No, I have not been contacted by anyone regarding this thread.

I will happily defend the right of ASF members to participate in any reasonable and responsible discussion on this or any other company listed on the ASX. That is, after all, the purpose of forums such as ASF. However, please note that defamatory posts will not be tolerated under any circumstances, so I urge everyone to stick to discussing the facts.

[DAZT49]

thanks joe,
Being careful with our posts on ASF.
There was a LOT of vitriole over on HC (and no wonder) but no excuse for the stand EGO took,
it may come back and bite them big time at the AGM.
Unfortunately now important info is not getting out to shareholders
daz

[The Darb]

Confused
I am unsure What to do about the General meeting.
After reading both sides of the debate I still wont be able to tell until the day I vote .
This is a very Important decision and requires alot of emotion be left out of the vote.
Which ever way it goes I hope the share price does improve . I am one of those (Mum & Dad )
investors that people talk about .We intend to hold for The Long term and hope that with future Drilling
of The Large Permits Empire have .We will one day be sitting on a large win and possibile dividends.

[DAZT49]

darb,
I am a LT over 6 years now, my shares a worth 1/3 of the price I paid.
How long can I be optomistic for??
They should have been producing 2 years ago.
Unfortunately the current challenge has only strengthened thier resolve to brickwall
shareholders.
You vote how you feel you should but I urge you to revisit all the points of discontent that have been brought up in the last few years and ask yourself if thats the way your investment managed.
If you want to ask questions about the challenge try www.empireoil-changenow.com
Of course you can also EGO questions too. www.empireoil.com.au good luck with that one.

[river10]

darb,
I am a LT over 6 years now, my shares a worth 1/3 of the price I paid.
How long can I be optomistic for??
They should have been producing 2 years ago.
Unfortunately the current challenge has only strengthened thier resolve to brickwall
shareholders.
You vote how you feel you should but I urge you to revisit all the points of discontent that have been brought up in the last few years and ask yourself if thats the way your investment managed.
If you want to ask questions about the challenge try www.empireoil-changenow.com
Of course you can also EGO questions too. www.empireoil.com.au good luck with that one.

Agree with all in that letter anyone would write the same, but they never really gave us a plan of how to improve the situation, and honestly I do not believe they have the qualification or the experience to lead the company especially at this stage. I will be more patient and wait for early-mid next year to see if there will be an improvement after the commissioning of the gas plant.

[DAZT49]

river,
Thats yr call,.. another 9 months??I cant see, from past history that things will change.
Are you really happy for them to bash up us shareholders and sue anyone who has a critical take
on how they run things??using OUR money ($10k/day for there lawyer).
To many other questions about other dealings, outrageous management salarys and option packages.
Slow as a wet week progress and drilling and producing from RG but happy to drill holes all over WA and call that progressing the company.
How Alcoa has held on for this long I dont know
At the very least I hope the EGM gives them a huge kick up the bum, but will they change?
And river... the SP mate...0.012c, look where its gone in the last 18 months.

[DAZT49]

A couple of months a go they touted a closer relationship with holders with a weekly newsletter.(A good start imo)
Last one was 28th Aug??
That didnt last long did it?

[The Barbarian Investor]

Bought in at 0.0110

It's now around 0.0140, should have sold at around 0.040 but thought it had a bit more gas in the tank (pun intended)

[DAZT49]

river,
imo the new management (if they get up) will bring transparency, which fas been sadly lacking.
Managements contempt for its financiers (us) and its "born to rule" attitude is mindnumbing.
I have said before that Craig IS EGO, but I now feel he has taken his $800k (stand corrected on that, but near enough) salary, and us for granted.
End the end,we both have shares in this company, I hope to come out square one day and I hope you make a good profit.
daz

[The Darb]

Well I am Starting to get the full picture now
As a matter of interest I randomly picked Page 26 on this Forum and started reading
by the time I had read pages 26 ,27 ,28. 29, a very clear picture was starting to emerge
for the sake of 10 to 15 minutes i suggest posters read old posts I know that it is helping me
with my decision I noticed you there posting Daz49 .I think page 26 was 2009 sometime.
good luck every one I am of to read the remainder of the old posts .

Off work today sore back so plenty of spare reading time

[DAZT49]

darb,
had a quick look, think i am the only one still posting lol

[DAZT49]

changenow site has been updated, with a statement by Eddie Smith that may answer some questions that river and darb may have.
http://www.empireoil-changenow.com/
i have checked Empire web site but no updates there of late.

[The Darb]

It is nice to see a bit of confidence creeping back into the share price.
Bit By Bit Slowly slowly

[river10]

It is nice to see a bit of confidence creeping back into the share price.
Bit By Bit Slowly slowly

Which is weird considering the situation.

[The Darb]

Yeah I for one will be glad when the general meeting is done and dusted.
And who ever is at the incharge can get on with the job at hand .