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EGO - Empire Oil & Gas

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Re: EGO - Empire Oil

27th Sept

ERM Power Limited (ASX: EPW) today announced it had requisitioned Empire Oil & Gas NL
(ASX: EGO) to call a meeting of shareholders to consider resolutions aimed at removing
three of four members of the Empire Board and appointing two new Directors.
If the resolutions are approved, Craig Marshall, Neil Joyce and Jeffrey MacDonald will be
removed as Directors and two ERM Power representatives, Non-Executive Directors Tony
Iannello and Brett Heading will be appointed. There is no proposal to remove Dr Bevan
Warris as a Director.
Under the proposal, the new Board is expected to be in place for three to six months.
 
Re: EGO - Empire Oil

What a joke, EGO has family members on a big wage posting on Hot Whoppers, now is that a company you would invest in????.
 
Re: EGO - Empire Oil

15th Oct:

Empire Oil and Gas NL ("Empire" or the "Company") provides the opportunity to listen to a Q&A interview with Mr Craig Marshall, Managing Director, where he provides an operational update on the Red Gully Processing Facility and responds to questions raised by shareholder ERM Power in their call to requisition a meeting.

To view, please click on the below link or copy the following details into your web browser:

http://www.youtube.com/watch?v=WILXcFRcJLw&feature=youtu.be
 
Re: EGO - Empire Oil

The video seemed pretty "produced" to me and unbelievable.:eek:
Its going to take some doing for ERM to get this over the line.
1100 shareholders, a vast majority wont bother sending in thier proxy votes
(I never do with my other dud stocks) and IMO thats what EGO management
wi hang thier hats on.:mad:
 
Re: EGO - Empire Oil

21st Oct

ERM Power has requested clarification to the Auditors Statement.

As an Extraordinary General Meeting has now been called by Empire for 26 November
2013, ERM Power continues to believe that a timely response is required by Empire’s
Auditors to ERM Power's request, which ERM Power believes will be relevant information to
all Empire shareholders.
 
Re: EGO - Empire Oil

Oct 25th.

ERM Power (ASX: EPW) advises that should it be successful in making its proposed
changes to the Board of Empire Oil & Gas NL (ASX: EGO), the new Board will immediately
consider ending the indemnities Empire has provided to three existing Empire Directors in
respect to their personal legal actions against shareholders and others.
 
Re: EGO - Empire Oil & Gas

ERM are certainly saying the right things to us LT holders, intending to stop/reverse the rediculous
defamation cases is a MAJOR plus.:D
Long way to go to the meeting and now EGO are trying to outsmart everyone with the scheduling of the EGM/AGM.
I hope SHERS dont get sucked in.:mad:
 
EXTRAORDINARY MEETING OF SHAREHOLDERS

As announced to ASX on Friday 22 November 2013, directors Craig Marshall, Neil Joyce and Jeffrey MacDonald resigned as directors of Empire on that day. Consequently, resolutions 3, 4 and 5 proposed for the meeting were withdrawn.

Resolutions 1 and 2, the appointment of James Brett Lochran Heading and Antonino Mario
Iannello as directors, were passed by a show of hands.

The total number of proxy votes in respect of validly appointed proxies were as follows:
RESOLUTION FOR AGAINST ABSTAIN DISCRETIONARY
Appointment of Mr Brett Heading 2,404,100,368 953,443,787 3,683,718 74,808,960
Appointment of Mr Tony Iannello 2,407,462,905 950,677,083 3,600,385 74,808,960


ANNUAL GENERAL MEETING
The results of the resolutions were as follows:

RESOLUTION RESULT

Adoption of Remuneration Report Failed on a show of hands
Re-election of Mr Jeffrey MacDonald as Director Resolution withdrawn
Ratification of Previous Share Issue Passed on a show of hands
 
Hi All, 1st time poster, bumping a real old thread re EGO rather than starting a new one, can't find any reference to the following.
Not exactly sure how to put this simply...

As a noob with some play money I purchased some of these back in ~08, pre GFC, got burned with all my holdings, all worth ~10k back then, haven't played the game since, left them all sitting there hoping someday they'd comeback, pass them on to my kids or something.

I've not paid any attention to long drawn out notices etc in the mail, just disappointed every time I've occasionally looked at my commsec acc.

Back in August 15 I received a cheque from EGO, something about a "Sale of shares via Small Holding Sale Facility at A$0.004507 cents per share" 40,000 = A$180.28.

Now, I can't remember what I paid for these, can't find it on commsec, too old I think, but I do know it was a hell of a lot more than that. I havn't deposited the cheque believing perhaps that would legally acknowledge my acceptance?
As said above I was just going to hold, leave them to my kids incase they came good, As I write this there $0.325.

So my question is, what should I do, where do I stand, do I legally have to accept this deal ending the relationship, or by not depositing the chq can I demand the relationship continues as long as I (or my kids) choose?
Whilst I understand they have operating costs to send out info etc, obviously add's up with small holdings, I have asked them (all holdings) to only forward doc's via environmentally friendly email rather than paper, apparently they're not allowed to?

While at it... Am I best to keep holding onto all this crap or should I sell, take the loss, perhaps I'm able to write it off or something??
There's been some name changes over the years, I have no idea what AQX used to be, or what I paid for them

Shares.PNG

Thanks for your help/advise, sorry for the length...

Cheers!
Col
 

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