Empyrean Energy Share Discussion Threads

[noobiedoobie] 11/4/2022 07:46

I would think CNOOC are experts at drill ops efficiency by now. I assume cementing casing in every stage requires time to set sufficiently

[blakieboy7] 11/4/2022 07:44

Cenkos update out so I'm lead to believe

[bskiny1] 11/4/2022 07:43

One hell of a drill bit...would not fit my cordless...Exciting now.. GLA

[buzzzzzzzz] 11/4/2022 07:42

36" hole drilled down to 588m, in less than 24hrs........don't believe it.

Then 26 days to drill 13" hole 2,300m hmmmmmm!

Are they including depth of water?

[judijudi] 11/4/2022 07:34

buzzz,
“36" surface hole was drilled down to 588 metres Measured Depth”

Seems to me they have

[neo26] 11/4/2022 07:32

Dont forget duyung gsa which is anyday.

[dunderheed] 11/4/2022 07:28

47059 Pro when will you start selling or are you awaiting the result?

[buzzzzzzzz] 11/4/2022 07:26

.Solar

It's badly worded they have not drilled 588 metres in less than 244hrs!

[10owen] 11/4/2022 07:25

Dont forget Topaz could be drilled later this year and be an even bigger drill.Gla.

[solarfire73] 11/4/2022 07:23

588m drilled already. I feel a blue day!

[pro_s2009] 11/4/2022 07:10

Two best offshore drills of 2022 for me :

EME and Jade

ECO and Gazania-1

.

[jemjem] 11/4/2022 07:10

The final piece in my original "Route to a pound" first discussed over five years ago ( and now a bit higher than a pound), has now been put in place. It's all down to the drill bit.
Well done Tom and Gaz. Safe drilling and GLA.

[neo26] 11/4/2022 07:08

Not many oppotunities like this on aim, the 2nd largest drill of 2022 on aim..World class target..

[blakieboy7] 11/4/2022 07:05

Empyrean CEO, Tom Kelly, stated:"Empyrean is delighted to inform shareholders that following successful anchoring operations at the Jade location we have spudded the Jade well over the weekend and drilled the first section of hole. The Empyrean, COSL and CNOOC EnerTech teams are working very well together to drill the well safely and achieve the objective."

[blakieboy7] 11/4/2022 07:03

Empyrean Energy Plc (LSE)LSE:EMEEmpyrean Energy Share News (EME) 1Follow EME [ADVERT]Share Name Share Symbol Market Type Share ISIN Share DescriptionEmpyrean 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 0.00 0.0% 11.80 11.20 11.80 0.00 01:00:00Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)Oil & Gas Producers 0.0 -0.7 -0.1 - 75PrintAlertEmpyrean Energy PLC Drilling commences at Jade prospect11/04/2022 7:01amUK Regulatory (RNS & others)Empyrean Energy (LSE:EME)Intraday Stock ChartMonday 11 April 2022Click Here for more Empyrean Energy Charts.TIDMEMERNS Number : 9273HEmpyrean Energy PLC11 April 2022This announcement contains inside informationEmpyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & GasEmpyrean Energy plcBlock 29/11, China - Drilling commences at Jade prospect11 April 2022Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to provide the following update on drilling the Jade prospect at its 100% owned Block 29/11 permit, offshore China:HIGHLIGHTS -- LH 17-2-1 well spudded on Jade prospect at 19:30 on 10 April 2022 -- 36" surface hole was drilled down to 588 metres Measured Depth ("MD") -- Current operations are installation of the 30" surface conductor Empyrean is the operator of Block 29/11 in China and has 100% working interest during the exploration phase. In the event of a commercial discovery, its partner, China National Offshore Oil Company ("CNOOC"), may assume a 51% participating interest in the development and production phase.Empyrean is pleased to announce that drilling has commenced at the LH 17-2-1 well on Jade prospect at 19:30 on 10 April 2022.ProgressThe NH9 Semisubmersible drilling rig has commenced operations at LH 17-2-1 with the drilling of the 36" surface hole down to 588 metres Measured Depth ("MD"), and current operations are installation of the 30" surface conductor.Forward planFollowing the setting of the surface conductor, the 17 1/2 " hole will be drilled down to 1050 metres MD and the 13 5/8" casing will be set and cemented in place. The rig will then drill ahead in 12 1/4 " hole to approximately 2140 metres MD before setting the 9 5/8" casing.After setting the 9 5/8" casing, the rig will drill ahead in the 8 1/2 " hole section through to the expected Total Depth ("TD") of the well at 2860 metres MD.During the drilling of the Jade well, we are conducting Logging While Drilling ("LWD") operations and should we encounter hydrocarbons in the main target zone we will run additional Combo Logs to confirm any oil pay zones. If an oil pay zone is confirmed then the plan is to carry out flow testing operations on the oil pay zones.Well ObjectiveThe 2021 drilling campaign is targeting a world class conventional oil target in the Jade Prospect, to which Gaffney Cline & Associates ("GCA") assigned a Geological Chance of Success ("GCoS") of 32%. Subsequent to this independent assessment, the Company completed a gas cloud study and post stack seismic inversion study that it believes further mitigates risk and increases the GCoS to 41%.The Jade Prospect has a GCA audited mean in place potential of 225 MMbbl and a P10 in place upside of 395 MMbbl. Four recent nearby discoveries by CNOOC immediately to the West of the Jade Prospect are filled to their P10 potential or better. All four CNOOC discoveries have gas clouds showing in the overburden on seismic.

[pro_s2009] 11/4/2022 07:02

Jade well now spudded.



.

[pb01] 11/4/2022 06:08

Morning. Happy spud day.

[buzzzzzzzz] 10/4/2022 13:08

Neo (you are the one!!)

Hope you are right!

[bskiny1] 10/4/2022 10:46

JJ...yes just thinking the same thing....I guess the team on the rig have come straight from another drill so they are well up to speed...GLA

[georgesorrow] 10/4/2022 09:59

New Doodoos: So always wait until there are empty seats, BUT grab a seat while others stand? Insightful stuff.
I think you have missed your stop.

[judijudi] 10/4/2022 09:51

All things being equal we will have spudded by now or be very close to doing so

[noobiedoobie] 10/4/2022 03:21

I like to think of investing as being on a bus journey

Normal journeys have people occupying seats, getting on off as they feel

Busy times you get surge in standing only passengers

My buys will be when seats are available. Always.

Grab your seat and leave others standing

[neo26] 09/4/2022 17:03

Most of it has gone, forward sold, we can start moving up, this drill is world class, the mkt hasnt valued it fairly.Once eme finally confirms spud i an see a surge.

[stockport loser] 09/4/2022 16:55

A good 20m of that volume was bed and isa. I do think there will be a CLN rns next week, but it will take a good week at least to clear. Unless gsa is announced but i dont see that happening for a few weeks.