Empyrean Energy Share Discussion Threads

[dafrog] 01/4/2022 09:24

starz, we've had a smart meter for years. Assume the companies use those figures. Greenies have caused these extra costs on us all.

[blueblood] 01/4/2022 09:08

Was a quick edit cos it had changed by time my post was up lol

[abergele] 01/4/2022 09:05

Bskiny1,
Thanks so much mate..g.l.all..+ L.T.H.

[10owen] 01/4/2022 09:05

Must have been thinking about food when I was typing Blue .Thought I'd corrected the mistake but you were too quick for me.

[blocker2] 01/4/2022 09:05

We all bought in here voluntarily. Most LTH are probably in profit already. It is your choice to stick with EME or sell.It appears always to be the fault of someone else if things don't go to planIn or out the choice is yours to make.

[starzerus] 01/4/2022 09:00

Well Ride great news i managed to get my meter reading posted onto EDF website this morning.

[blueblood] 01/4/2022 08:58

Has Jade been eating a few trifles then Owen?

[10owen] 01/4/2022 08:57

On a positive note Blocker I think spudding Jade will come before I get my defered state pension which I have been chasing since last September.

[blueblood] 01/4/2022 08:57

Only 2 trading days to rig starts to move with but if luck with weather!

[blakieboy7] 01/4/2022 08:55

There's nothing negative about a sense of humour!

[bskiny1] 01/4/2022 08:55

One thing is certain here...when and if this comes good us long term holders DESERVE the reward....GLA

[blocker2] 01/4/2022 08:51

Wow, negativity rules

[ride daice] 01/4/2022 08:50

I am wondering which event will occur first...

* Spudding of Jade.

or

* Successful on-line submission of my meter readings.

[currypasty] 01/4/2022 08:28

3 weeks on monday of Gaz's 2-4 weeks

[starzerus] 01/4/2022 07:12

Despite high winds and seas, which hindered its rig mobilisation after it was cleared for operations, Empyrean Energy is looking on the bright side, expecting a short wait until the wheels can be put in motion to start drilling the Jade prospect well, located in Block 29/11 offshore China.

This is not the first delay Empyrean encountered so far, as the previous timeline for the drilling of the Jade prospect – planned between 15 December to 30 December 2021 after an integrated drilling contract was executed with China Oilfield Services Limited (COSL) in November 2021 – was also delayed due to poor weather conditions.

After discussions with COSL and China National Offshore Oil Company (CNOOC) to finalise rig availability and an anticipated spud date for the well, Empyrean managed to work out a rig slot with its Chinese partners earlier this month.

Last week, Empyrean confirmed that the rig mobilisation was expected to take place on or around 27 March, while the spud date was anticipated on or around 2 April 2022, depending on prevailing weather conditions to ensure the safe anchorage of the COSL-owned NH9 rig at the Jade location.

Empyrean hopes for short wait as bad weather hinders rig mobilisation off China
Empyrean hopes for short wait as bad weather hinders rig mobilisation off China
EXPLORATION & PRODUCTION
March 31, 2022, by Melisa Cavcic
Despite high winds and seas, which hindered its rig mobilisation after it was cleared for operations, Empyrean Energy is looking on the bright side, expecting a short wait until the wheels can be put in motion to start drilling the Jade prospect well, located in Block 29/11 offshore China.

This is not the first delay Empyrean encountered so far, as the previous timeline for the drilling of the Jade prospect – planned between 15 December to 30 December 2021 after an integrated drilling contract was executed with China Oilfield Services Limited (COSL) in November 2021 – was also delayed due to poor weather conditions.

After discussions with COSL and China National Offshore Oil Company (CNOOC) to finalise rig availability and an anticipated spud date for the well, Empyrean managed to work out a rig slot with its Chinese partners earlier this month.

Last week, Empyrean confirmed that the rig mobilisation was expected to take place on or around 27 March, while the spud date was anticipated on or around 2 April 2022, depending on prevailing weather conditions to ensure the safe anchorage of the COSL-owned NH9 rig at the Jade location.

Related Article
Empyrean days away from spudding exploration well off China
CATEGORIES:
EXPLORATION & PRODUCTION
Posted:6 days ago
In an update on Wednesday, Empyrean Energy informed that safety inspections have been carried out following the handover of the rig and the NH9 rig has been cleared to move to the Jade well location pending suitable weather conditions. Currently, the rig is still on location and anchored at the CNOOC well, which it drilled immediately preceding mobilisation to Jade.

Commenting on the latest delay, Tom Kelly, Empyrean CEO, stated: “We look forward to re-commencing rig mobilisation operations as soon as weather conditions allow for safe working conditions. Based on the current long-range forecast, we do not expect the wait to be very long.”

Empyrean intends to provide a further update on its progress after weather conditions allow rig operations to re-start. The company also explained that COSL will provide a new anticipated spud date once sea conditions improve and operations can re-commence, adding that safety protocols require sea conditions to be six or less on the Beaufort Scale for towing and anchoring operations expected to take four days in total.

The well is anticipated to take approximately 26 days to drill to total depth on a trouble-free basis as no overly challenging drilling zones are anticipated with the Jade well design and program. Although, if the well intercepts a hydrocarbon zone – as anticipated – then testing is planned to take approximately a further two weeks.

Empyrean is the operator of Block 29/11 in China with 100 per cent working interest during the exploration phase. However, its partner, CNOOC, may assume a 51 per cent participating interest in the development and production phase in the event of a commercial discovery.

The Jade prospect has a GCA audited mean in place potential of 225 MMbbl and a P10 in place upside of 395 MMbbl, while four of CNOOC’s recent nearby discoveries – with gas clouds showing in the overburden on seismic – immediately to the west of the Jade prospect are filled to their P10 potential or even better

[noobiedoobie] 01/4/2022 05:46

EME crystallizes highest 9 quarter close

That's a very good reflection of long term core audience

[digger2779] 31/3/2022 15:20

Crazy share price reaction. Now or tomorrow would be a good time to drop Duyung news.

[10owen] 31/3/2022 15:06

Mad or what bid below 10p and still some sell.Still as I said earlier managed to pick a few more up at a decent price so not complaining.

[cashandcard] 31/3/2022 14:53

So its a weather delay out of their control. Another week or so until rig move.
The geology has not changed. A great buying opp for those wanting in or who would like to take advantage of current pricing.



Cash

[bskiny1] 31/3/2022 14:44

Spud delayed by a week or so and we are down 6.5%....unbelievable!!!

[starzerus] 31/3/2022 12:31

From Proactive.



Empyrean Energy PLC (AIM:EME) has updated investors on the timeline for the hotly anticipated Jade well, offshore China, where operations have been impacted by high winds and seas.

The conditions necessitate the rescheduling of mobilisation for the drill rig whilst meeting strict safety protocols.

In a statement, Empyrean noted that the rig is still safely anchored at its prior well location, pending suitable operable weather conditions.

"We look forward to re-commencing rig mobilisation operations as soon as weather conditions allow for safe working conditions. Based on the current long-range forecast, we do not expect the wait to be very long," said chief executive Tom Kelly.

[bskiny1] 31/3/2022 12:25

Starz....100% agree no idea how it works...B