Empyrean Energy Share Discussion Threads

[judijudi] 17/3/2022 08:08

blue,
From the RNS

“Empyrean anticipates that NH9 will become available by the end of March if the current well does not encounter testable hydrocarbons or approximately 2 weeks later if a testing program is required”

[bluehooperman] 17/3/2022 08:06

JBIf NH9 does testing at its present location, then I'm guessing it could be ready for the Jade spud circa 1st April

[jamesiebabie] 17/3/2022 07:55

Jem - Sounds about right; the software says 70nm.

[jemjem] 17/3/2022 07:42

Thnks Jb. Did I read somewhere that the rig is approx 115km SW of Jade?

[jamesiebabie] 17/3/2022 07:32

Rig is still on location.

[judijudi] 16/3/2022 21:26

People de risking on share price rises prior to drill results was always going to happen and will continue to happen. The price was always going to be hit by sellers, I just didn’t expect it to happen at such a paltry price
Let’s see what Duyung news does to the share price 🤞🤞
But I don’t expect to hit high prices post Duyung and during the drill (although we will have fomo buyers) as I personally think sellers will cap the rise
Ecstatic to be 100% wrong and over the moon if we have oil shows (hopefully saturated) on the way down which will obviously bolster the share price and kick the sellers right in their Knackers 😀
“Fill to spill” has got a great ring to it
A left field farm out rns on Topaz would be a proper bonus
All only imho and as always wtfdik

[jamesiebabie] 16/3/2022 20:53

blue - it arrived on location on the 19th Feb FYI.

[bluehooperman] 16/3/2022 20:43

That's about 25 days on locationWe are expecting a 26 day drill, so all good afaic

[jamesiebabie] 16/3/2022 20:32

Rig is still on location.

[blakieboy7] 16/3/2022 19:10

I disagree. In my opinion this will be quite a bit higher than 9p in the run up to drilling. Duyung news on top of that would push it up further

[lipov] 16/3/2022 19:00

Most likely until duyung news or even when TD is reached, the upper resistance will be around 9p… most likely they will convert all 41m and sell those shares. Plus people will be keen to derisk before Td is reached.

[judijudi] 16/3/2022 18:37

Can’t hold a rise can we
No sign of consolidating on the gains
Let’s hope tomorrow is different 🤞🤞

[abergele] 16/3/2022 16:46

JJ,
yes I agree,,
but most are day-trippers,haaha..g.l.mate

[judijudi] 16/3/2022 15:26

Some chunky selling going through
Silly Billy’s

[jemjem] 16/3/2022 15:15

Surely there are only two circumstances when you exercise warrants or CLN's. It's either when they are about to expire and you want to take them up, or when you want to immediately sell them/or have just pre-sold them. Otherwise you just hang on.

In this instance there is no chance, imo, that the 8p CLN's get exercised when the price is 8.2p, just cos the holder believes the price is about to go up. Why would they? Almost certainly they were pre-sold (and yesterdays trades would support that) and the "paperwork" gets sorted when the shares are formally issued. Not really allowed - but this is AIM wild west.

Imo

[digger2779] 16/3/2022 14:48

It's gawn a bit flat here since Monday. Had my best start to a week in a long time and now back to normality. Hopefully will pick up towards end of week as Duyung is a week closer if what Gaz said is correct. Also wonder how the fraud recovery is progressing?
GLA

[lazarus2010] 16/3/2022 14:30

surely if they are converting warrants at 8p, they expect the share price to go higher. Little point in converting at 8p and selling into the market at below 8p! I am sure they have a lot of faith in EME and expect 8p to be easily broken as we get news of Duyung and then Jade. GLA

[blakieboy7] 16/3/2022 14:23

TK must have forgot to send the bacon butties!!!

[stewart4990] 16/3/2022 14:22

Agreed, seems rather strange after having a long chat with Tom Malcy has not said much about Jade, I also found it odd that after a long chat did Duyung not get mentioned, it must have been but not a squeak by Malcy.

I haven't had time to listen to the interview with Gaz, did he say 2 weeks for GSA, if he did that's very substantial for eme and Coro of course, and nothing was discussed, Gaz mentioned it I understand so why not Malcy.

Regarding the conversion earlier, why convert if they do not expect the price to rise, especially with Duyung, that seems done, yes a drill is always riskier buy Duyung has been done and could be much bigger than originally thought.

I must be missing something with the current price action !!!

Well that's my last post this week, other matters to deal with.

[bskiny1] 16/3/2022 14:07

Agreed Toon nothing in the statement that shows he has done more than the basics and rewritten the RNS...GLA

[blakieboy7] 16/3/2022 14:06

Agreed- where's the detail from his 'long' conversation?!

[judijudi] 16/3/2022 13:48

blakie,
So malcy still doesn’t hold EME

[blakieboy7] 16/3/2022 13:27

Malcys blog hTtps://www.malcysblog.com/2022/03/oil-price-iog-pharos-empyrean-and-finally/

[michmcd] 16/3/2022 13:13

Helpful is just the latest reincarnation of Colin Stein, Brimsley and Rathole. Best filtered. What goes around .....