Wedgewood Investment Group Withdraws Services to Empire Energy Relating to the US$900M Asset Backed Bond

Wedgewood Investment Group Has withdrawn services to Empire Energy Relating to the preparation of the Proposed $998,000,000. Asset Backed Bond.

New York, Aug 12, 2013 (ABN Newswire) - Wedgewood Investment Group LLC of New York, announced today that all services related to the preparation of the $998,000,000 asset backed bond have been withdrawn. The Agreement which was entered into on May 16, 2013 had not been consummated by the payment of required funds to initiate the contract.

Cautionary Note Regarding Forward-Looking Statements

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as expects, will, anticipates, estimates, believes, or statements indicating certain actions such as may, could, or might occur. Such statements reflect the current views of CTI with respect to future events and are subject to certain assumptions, including those described in this release. Wedgewood Investment Group LLC does not undertake any responsibility to update the "forward-looking" statements contained in this news release.

About Empire Energy Corporation International

Empire Energy Corporation International (OTCMKTS:EEGC) 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.

 

About Wedgewood Investment Group LLC.

Wedgewood Investment Group has developed a solid reputation of consistently delivering innovative solutions for middle-market and emerging growth public and private companies. Our trusted professionals specialize in a range of industries in the United States, Europe and Asia, including: Resources, Technology, Healthcare and Energy.

We offer a full range of investment banking and financing services as well as several innovative structured products, including:

- Debt Financing
- 5-10 year financing for projects GREATER than $50.0 million
- 3-5 year financing for projects LESS than $50.0 million
- Mergers & Acquisitions
- Private Placements
- Corporate and Financial Advisory for all types of Structuring
- Corporate Restructuring

The principal partners have in excess of over 150 years of combined experience and work closely with a global team of consultants and associates in the numerous sectors which our firm specializes in. This assures our clients that they are obtaining the correct information on local political risk, customs and regulations, direct from the specific country where they may be considering or are conducting business in.

 

Related Companies

Wedgewood Investment Group LLC.
            

Empire Energy Corporation International