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Empyrean Share Chat - EME

Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.13 -2.04% 6.00 5.75 6.25 6.13 5.88 6.13 1,018,467 08:59:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 13.9 5.2 2.4 2.5 13.31

Empyrean Share Discussion Threads

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MRO have declared an unchanged dividend of 21c tonight.jemjem
seems to me that the 'market' already know, and has known for quite a few months, that the Fed WANT to raise interest rates, and yet every time Yellen issus a FOMC report and the market sees evidence that they're going to raise rates, it's like it just came as a complete surprise and the $$ goes up and oil goes down. The 'market' is never wrong and yet it seems that it's actually always wrong and never right!!lazarus2010
Agreed. Seems to have triggered a bit of a short squeeze. Up to $49.50 ishjemjem
Helpful little spike in PoO atm.jemjem
Surely cant be too much to get a tick back up???blocker2
By the time we have around 1000 wells oil could be well over $100nickb
Cross eyedBelieve we have 237 in production as of last Monday expecting the 300+ by Xmasthetoonarmy2
Nearly all investors are rejecting the market makers price of circa 6p for our shares so this is worth more than the MM's are bidding for stock.nickb
This is worth 10p everyday of every single week whether it is by end July or another point in time does not concern me as I don't over trade. I don't even view it as a ramp I just believe it to be fact.senttothegallows
thanks Crosseyed, I updated the above post to now read Also as of December 31 RR we had 184 wells in production as at 23 December 2014 and in the Major Upgrade rns we had 231 since then we must have an additional 47 or so gross wells, that's c.25% plus, so maybe the next RR could add about 20% or more to the 2P figres, or c. +2mln boe. The 3P will probably also be increased based on interpolation from the results of the EFS and AC wells.lazarus2010
Lazarus, As shown in the header, there were 223 gross wells in SL at the end of May, so I would think that 231 is the number when that presentation was put together. I was expecting 231 by end of June judging by the known fracced wells. But certainly EME have a lot more wells to come with less than a quarter of the current potential drilled so far. ccrosseyed
It looks like a decent buy and hold and come back next results. The days of when it went from 30p to 170p are long gone. Easier when it had less shares back then.ariesr
STTG, agreed, the next RR should add quite a bit as the AC continues to be moved from 3P to 2P plus the additional wells drilled in the different EFS formations. Also a quite significant point from the Major Upgrade rns, which I am not sure many have noticed... 'AWE anticipates that up to 488 wells may be required to fully develop the Upper Eagle Ford at a 40 acre well spacing over the same land area as the underlying Lower Eagle Ford Shale.' That's an ADDITIONAL 488 wells to the previously quoted no.s of wells for the EFS. These of course will not yet be included within the 2P figures. Also as of December 31 RR we had 184 wells in production as at 23 December 2014 and in the Major Upgrade rns we had 231 since then we must have an additional 47 or so gross wells, that's c.25% plus, so maybe the next RR could add about 20% or more to the 2P figres, or c. +2mln boe. The 3P will probably also be increased based on interpolation from the results of the EFS and AC wells. 'Empyrean has an interest in over 231 gross producing wells with full development having the potential to reach over 1,000 wells and further upside potential from additional formations and closer well spacing' Still c.950 wells to be drilled (from latest presentation) 'Estimated further >350 wells to develop the Eagle Ford Shale @ 40 acre spacing; 300 Austin Chalk @ 60 acre spacing; similar for Upper EFS • Additional potential from the Pearsall Shale and Wilcox formations' Anybody with cash in the bank who can take a long term view on the PoO will be well rewarded if they were to make a bid for EME's share imho. Also while the RR quotes $67 as the price on which the NPV10 valuations are based, the reality is that the Saudi's strategy is causing a huge reduction in capital spending on major oil projects. This is likely to lead to actual shortages of oil as demand continues to grow and existing fields decline. Http://seekingalpha.com/article/3358905-oil-prices-will-rebound?app=1&auth_param=v57al:1arc5ke:595f034b09723730d87e210ea9a5355d&dr=1lazarus2010
And failed ramping 10p price predictions by the end of July, is what exactly?judijudi
Fitzy that is the reality you forgot the biggest thing the 12.64mmboe which will now be even higher but hey ho. In the cold light of day everything you have put is fact. Some see the reality as ramping tbh I don't give a stuff. All the moaning and negativity is insanity probably brought on by over trading.senttothegallows
Indeed astorcourt. I do go on sometimes but can drop it for a bit. I will let the share price do the talking for a bit ! Maybe that will take me out of this 5 year plus depression with EME ! :-) At this price, folks should be buying, irrespective of the oil price as it will not languish so low for ever. And our break even appears to be some way below the current oil price yet ! Stable, Fantastic Field, Still Plenty of Growth to exploit when oil recovers, Price of EME at long term average lows, Superb Operator, Risk exceptionally LOW. Results due soon showing potentially around 1.7p per share earnings. WOW Can't say that for many of the other oilers on AIM. BUY BUY BUY.fitzy1203
How many serial moaners are there on this board? Fitzy Judi Judi Trotting These are the 3 serial offenders, but enamel is starting making his presence felt. Who is the biggest serial ramper on this board? senttothegallowsastorcourt
There is no such thing as a "safe" small aim oiler explorer in todays climatejudijudi
It is safe at this level to be holding it or buying it at this price imho.nickb
Safe share? Its gone from 20p+ and is now struggling to hold 6p Thats not a safe share from where I'm satjudijudi
OT Wild at LGO so now we know why it had been falling badly recently and out of character, which points to insider trading I feel. EME feels more and more like a safe share Imhonickb
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