SEL 4/2009 and SEL 5/2009 Applications
Empire Energy advised that Tasmanian Minister for Energy and Resources declined to approve the applications for special exploration licenses SEL 4/2009 and SEL 5/2009 applied for on 20 April 2009 by Empire. The reason given in the Minister's letter was that "the applications do not include sufficient information to satisfy me that EECI is likely to have sufficient financial resources to carry out the proposed work program, following the company's statement in the SEC Filings for EEGC.OB Form 10-Q on 20 May 2009." Empire refutes this statement and has sought a review of this decision from the Deputy Secretary of the Department of Energy, Infrastructure and Resources on the grounds that information drawn from the 10-Q was misinterpreted and future commercial dealings were not taken into account in the consideration. In response to the Minister's letter, Empire has also submitted two new applications on 18 June 2009, for the special exploration license areas covered by SEL 4/2009 and SEL 5/2009, highlighting the financial and technical capacity of Empire Energy to carry out the proposed exploration programs and removing Geominex Resources as a joint venture partner.
Registration Statements
The Registration Statement filed with the SEC in April to allow resale of certain shares has progressed through preliminary review and may become effective upon completion of final legal opinion and consents. The Registration Statement filed with the SEC in May to allow the announced Rights Issue continues to progress through preliminary review with expectation of comments in the coming week. The Rights Issue will become available when SEC review, legal opinion and consents are complete and the registration is allowed to become effective by the SEC.