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EME Empyrean Energy Plc

0.55
-0.025 (-4.35%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean Energy Plc LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025 -4.35% 0.55 0.45 0.65 0.49 0.49 0.49 657,094 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 0 -20.8M -0.0211 -0.23 4.83M

Empyrean Energy PLC Holding(s) in Company (4240P)

05/06/2015 3:31pm

UK Regulatory


Empyrean Energy (LSE:EME)
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From Mar 2019 to Mar 2024

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TIDMEME

RNS Number : 4240P

Empyrean Energy PLC

05 June 2015

Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & Gas

5 June 2015

Empyrean Energy PLC ('Empyrean' or 'the Company')

Holdings in Company

Empyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, was notified on 5 June 2015 that Mr James Kight now holds 15,550,000 ordinary shares in the Company, which represents approximately 7% of the issued share capital of the Company.

** ENDS **

For further information please visit www.empyreanenergy.com or contact the following:

 
 Empyrean Energy plc 
 Tom Kelly               Tel: +61 8 9481 0389 
 
 Cenkos Securities plc 
 Neil McDonald           Tel: +44 (0) 131 220 
                          9771 
 Nick Tulloch            Tel: +44 (0) 131 220 
                          9772 
 
 St Brides Partners Ltd 
 Elisabeth               Tel: +44 (0) 20 7236 
  Cowell                  1177 
 Lottie Brocklehurst     Tel: +44 (0) 20 7236 
                          1177 
 

Notes to Editors:

Empyrean Energy Plc is an AIM listed (Ticker: EME) profitable US on-shore oil, gas and condensate exploration, development and production company with assets in Texas and California. The Company's portfolio represents a mix of assets at various stages of development. Its flagship project is the Sugarloaf AMI in the prolific Eagle Ford Shale, Texas, where it has a 3% working interest in approximately 24,000 gross acres centrally positioned in the liquids rich sweet-spot within the field. Empyrean has an interest in 218 gross producing wells with full development expected to reach over 770 wells. Further development of the Eagle Ford Shale anticipated to require in the order of a further 300 wells, with down spacing potential of a further 200 wells. Further development of the Austin Chalk anticipated to require in the order of a further 300 wells, with down spacing potential of a further 235 wells. The Company has a term debt facility of up to US$50 million with Macquarie Bank, subject to reserve hurdles and drawdown approvals, in place in order to develop this acreage which is operated by US major Marathon Oil Company.

Other assets include a 58.084% interest in the Eagle Oil Pool Development Project located in the San Joaquin Basin, southern California, a proven oil and gas province. Empyrean's large working interest in this project provides the Company with flexibility and leverage with potential high impact from success. Additionally, Empyrean has a 7.5% interest in the Sugarloaf Block A operated by ConocoPhillips in the Eagle Ford Shale, and a 10% working interest in the Riverbend Project in Texas.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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