SOURCE: Empire Energy Corporation International

October 30, 2007 10:31 ET

Empire Energy Announces Phase Two of Its Tasmania Exploration Drilling Project

LEAWOOD, KS--(Marketwire - October 30, 2007) - Empire Energy Corporation International (OTCBB: EEGC) (the "Company") announced today that its wholly owned subsidiary Great South Land Minerals Ltd (GSLM) has received bid documents from three drilling contractors based in Australia.

The bid documents were received from (1) Hunt Energy, (2) Century Drilling and (3) Ensign International Energy Services. The tenders have been evaluated for commercial competitiveness and ranked as shown above.

None of the bidders have responded as requested, choosing to offer day-rate drilling solutions instead of the full turnkey as we had originally requested due to perceived exploration drilling risk(s) that may be associated with our blocks.

Due to the non-conformance of bid documents, GSLM will now negotiate new terms and conditions with the winner and if a reasonable agreement cannot be reached within 2 weeks, GSLM will undertake to negotiate the same with the two runners-up. GSLM expects that a decisive drilling contract will be in place by no later than November 30th, 2007. Rig mobilization can commence immediately after the contract is signed.

GSLM's Managing Director and Exploration Manager Dr. Clive Burrett commented: "Although day-rate drilling solutions will require increased involvement of GSLM with day-to-day operations, we are willing to undertake this challenge and added cost in order to meet our drilling goals mentioned earlier in September."

Empire Energy Corporation is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Tasmania's central and northern basins.

Note: The information presented in this press release contains forward-looking statements which are based on the current expectations of the management of Empire Energy Corporation Int'l only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Empire Energy Corporation Int'l, please refer to its 10-KSB and 10 QSB reports filed with the U.S. Securities and Exchange Commission.

Contact Information

  • For further information please contact:
    Mr. S. A. (Al) Sehsuvaroglu
    President & CEO
    Empire Energy Corporation International
    Tel: 1 (913) 663-2310
    Fax: 1 (913) 663-2239
    Email Contact