Empyrean Energy Share Discussion Threads

[lazarus2010] 12/5/2021 13:05

o/t - Master RSI - check ORPH for a H&S formation just bounced off 33p and if it closes above 34p could be the start of a re-rate, or back to 30pps if it fails?

[starzerus] 12/5/2021 12:54

Hey Master RSI thanks for the chart pic - what are you using to post pictures with on here these days? i used to use tinypic but it doesnt work any more.

[master rsi] 12/5/2021 12:47

The shares are now on UPTREND, after the higher BREAKOUT.

The positive thing on the chart is how is doing breakout and then retracement and a higher breakout after than again.

[safiande] 12/5/2021 12:45

Stew,
Re your message yesterday on Conrad.

"Come on Conrad, let eme and Coro tell us what's going on were ( sic ) nearly half way through the year."

There is an agreed JOA in place on Duyung which is essentially a 3 way agreement, so it is very unlikely that Conrad is activity blocking any news flow. The position is that the JVP are simply awaiting achievement of two major milestones, which are very well known here, namely the upgraded POD & the GSAs. Both of which will enable conversion of contingent resources to accredited reserves which is important for future lending if needed e.g. Block 29 / 11.
In their 2020 annual report issued yesterday, Coro again mentioned the possibility of monetarisation of Duyung, which could involve an early sale or partial sale & which could include Conrad ( partial sale only is likely ) & EME.
There is an existing Twitter account for EME but which hasn´t been used since Nov 2019 reporting on the successful Mako campaign.

[master rsi] 12/5/2021 12:39

Improving all the time
Level 2

bid side12:35 SING 30,000 612:26 CNKS 30,000 5.912:28 PEEL 30,000 5.912:19 JBER 30,000 5.812:21 WINS 30,000 5.712:30 CFEP 30,000 5.707:50 SCAP 30,000 5.5Offer side6.2 30,000 SCAP 07:506.2 30,000 WINS 12:216.2 30,000 CFEP 12:306.3 30,000 JBER 12:196.4 30,000 CNKS 12:266.5 30,000 PEEL 12:286.8 30,000 SING 12:35

[blakieboy7] 12/5/2021 12:37

Bid now up to 6p

[kumala] 12/5/2021 12:33

Some of us have been here for ages, it eould be nice if 2021 was our year to see a return on our investments.GL All.:)K

[master rsi] 12/5/2021 12:29

from the "UPS" thread ...

KEEP an EYE

EME 6.95p ( 5.90 v 6p )

Has gone positive this morning after report, but buying is going on now and Level 2 has gone bullish just now 2 v 1 on small spread from 1 v 4 10 minutes ago

[blocker2] 12/5/2021 12:18

Small top up this morning, thanks Bengal. I will look after them.

[blakieboy7] 12/5/2021 12:11

Ticked back up

[jacksspitfire] 12/5/2021 12:00

Well I've got my tax free pension pot on the way and I know where a chunk is going. I never thought I would be saying that when I first put some into EME .. must be 15 years ago. This time next year.... knowing my luck the lad will get it.

[lazarus2010] 12/5/2021 11:47

Stew, I'll be happy with any offer north of £1/ps but would much prefer £2/ps. Waited this long what's another 2 years for that sort of return!

[lazarus2010] 12/5/2021 11:38

If we struck a free carry jv for 50% of jade, the 41.2 becomes 20.6

The Pmean could then be valued at 20.6 + 85 + 5.9 = 111.5pps

The P10 risked becomes 198.5pps

The P10 unrisked becomes 396.5pps

and here we are stuck at 5.8/6p!!

To put this into perspective...

111.5/6pps = 18.5 bags so £1000 investment could become £18,500 or 926,000 shares becomes £1mln


198.5/6 = 33 bags so £1000 investment could become £33,000 or 505,000 shares becomes £1mln

396.5/6 = 66 bags so £1000 investment could become £66,000 or 252,500 shares becomes £1mln

BUY/SELL/HOLD?

GO FIGURE!!

DYOR

[stewart4990] 12/5/2021 11:29

Toon,

Superb many thanks, I skimmed the update early today and have just read it in detail.

The potential is mind blowing, anyone selling must be desperate for cash now, I cannot see greater upside anywhere on the AIM, I would drill Jade and if a success look at Topaz not sure if it would need us to drill it based on Jade, be open to offers and if we get a suitable one, sell China and that's it done.

[lazarus2010] 12/5/2021 11:23

mind blowing!!

Additionally, we assume conservative recovery factors for the Jade, Topaz and Pearl
prospects of 50%, 40% and 35% respectively. Fields within the Pearl River Mouth Basin often
have strong aquifer support, negating the need for secondary enhanced oil recovery (eg
water flooding). The result is a high average recovery factor of between 30-70%, with the
Lufeng field in particular having a recovery factor of over 70%. To ascertain the recoverable
resources for any single discovery, we multiply the recovery factor by the GCA oil in-place
volumes.
Using the GCA Pmean oil in-place volumes we value a commercial discovery at Jade, Topaz
and Pearl at 41.2p, 85.0p and 5.9p, respectively. Using the P10 oil in-place volumes, our
valuation increases to 92.5p, 129.0p and 22.9p, respectively. Unrisked, these valuations
increase to 185.0p, 258.1p and 45.9p, respectively.

[blakieboy7] 12/5/2021 11:22

Pretty sure we do have an unused Twitter account. Time to get it going TK

[judijudi] 12/5/2021 10:36

This is the kind of thing that needs to happen. Another phone call with Malcy is of zero use
imho

[lazarus2010] 12/5/2021 10:32

Curry, send him an email...on second thoughts he never replies, but may be worth giving him a nudge. I will send one now.

Edit - I sent an email then I copied and forwarded Judi's post below. Fingers crossed he sees the light!!

[currypasty] 12/5/2021 10:20

I wonder if Tom would consider say an interview with pro-active, or one of the other CEO interview sites?

[blocker2] 12/5/2021 10:01

The market seems stunned by Bengals decision.....

[blueblood] 12/5/2021 09:30

What a ridiculous decision to sell now but each to their own!

[judijudi] 12/5/2021 09:30

😀👌

[bengal1] 12/5/2021 09:26

Will do Judi. Thankyou for letting me out and having me to stay.