(EMAILWIRE.COM, May 17, 2008 ) BeaconEquity.com announces the publication of ‘Tasmanian Government Recognizes Empire Energy’s (EEGC) Oil Exploration Operations’
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Tasmanian Government Recognizes Empire Energy’s (EEGC) Oil Exploration Operations
World oil prices are expected to remain at high levels; with some experts predicting figures to exceed $127 or even $150 per barrel in the foreseeable future. Far from becoming a saturated market, world oil demand has rapidly exceeded supply. According to the U.S. Energy Information Administration (EIA), global oil consumption will rise by 1.6 million barrels per day both in 2008 and 2009.
Empire Energy Corporation International is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and becoming a leading low-cost finder of hydrocarbons. It is strategically exploring for oil and natural gas in onshore areas of Tasmania, the southern island state of Australia.
Empire Energy recently announced that the Tasmanian Government acknowledges the commencement of the company's oil and gas drilling operations on its onshore Tasmanian Basin license area by August this year.
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
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Beacon Equity Research
Jeff Bishio
(469)-252-3505
press@beaconequity.com
