(Source: Business Wire)Empire Energy Corporation International (Empire)(OTCBB:EEGC.OB) announced that on September 30, 2009 its wholly owned subsidiary, Great South Land Minerals, Ltd. lodged an license application with Mineral Resources Tasmania as permitted under Tasmanian Legislation and provided additional information regarding financial capacity requested by MRT in support of an existing application. The new application is to establish an Exploration License (EL) over the significant discoveries contained within the key seismically defined structures originally covered by Special Exploration License 13/98 that was set to expire. The new application area is reduced approximately 50% but includes all the RPS identified P3 prospective resources which were identified as a result of our over $50 million expenditure, meeting license conditions over the past ten years. The existing application is a Special Exploration License (SEL) for approximately 11,000 sq km including eastern Tasmania and shallow offshore areas. Included with the applications was information that Empire exceeds the $50 million asset test and in addition has, or is likely to have, sufficient financial resources to carry out the proposed work programs, including the announced rights offering. Empire believes its past performance of meeting or exceeding the work requirements of SEL 13/98 should automatically qualify it to be granted the new licenses.

As prerequisite part of preparation of the applications, GSLM obtained a valuation of the resource identified by the exploration and evaluation work performed over the past ten years. RPS Energy Ltd, one of the world's leading Independent Expert suppliers of oil and gas evaluations, prepared a Competent Persons Report indicating that the mean P3 oil and gas prospective resource contained within the structures identified by our geophysical and seismic work was 668 million barrels. WHK, one of the top accounting firms in Australia calculated the P3 prospective resource value of $3.3 Billion US at a current market valuation price of $5 per barrel. The Tasmanian properties have equivalent counterparts in mainland Australia that have established this value on recent P3 sales.