Empyrean Energy Share Discussion Threads

[dont jump] 15/11/2017 23:23

Mention of Dempsey:

PCL announcement about their Tulaiyno play. In comment " We are already underway with a flow testing program at the Dempsey-1 Gas discovery for which we have high expectations."

[cmackay] 15/11/2017 23:13

No news before ASX open, at least. Bedtime!

[seagreen] 15/11/2017 21:54

There is a vague whiff of news tonight and UK RNS tomorrow although whether it is true and whether or not the news when delivered is good or bad I know not....fingers crossed

[honestmarty] 15/11/2017 21:46

or even Sunday night?

[niceyman1] 15/11/2017 21:33

News tonight possibly or tomorrow night?

[nickb] 15/11/2017 19:14

Just need to let them get on with it.

[starzerus] 15/11/2017 19:06

Harrisen we know what we are waiting for us long termers and are very excited about the next zones.

[harrissen] 15/11/2017 18:20

I think toon's confidence in the next two perforations should be taken serious.

He is a major shareholder and is probably privy to snippets of info that is out of bounds to us lesser mortals.

[honestmarty] 15/11/2017 17:17

So current market share price value for Dempsey is just over 4p?

Madness

The last RNS removed all the risks of drilling and preparing for testing.

The sell off was well overdone.

I just hope the next test is more upbeat.

[cmackay] 15/11/2017 17:12

It isn't a duster. However, if it were, I would say about 14p book value awaiting value from China and Indonesia.

[nickb] 15/11/2017 17:02

A duster with gas flaring 🤔

[honestmarty] 15/11/2017 16:51

cmackay

what value to you think EME has if Dempsy is a duster?

[honestmarty] 15/11/2017 16:51

cmackay

what value to you think EME has if Dempsy is a duster?

[honestmarty] 15/11/2017 16:51

cmackay

what value to you think EME has if Dempsy is a duster?

[cmackay] 15/11/2017 16:41

I think Harrissen is just pointing out that there is no need to be despondent if it isn't the gargantuan we hope it is; it all helps the cause. I bought in just over a year ago and have been topping up since China news, that's what really caught my imagination. Not going to sell if Sacramento doesn't come in, but will certainly exploit any further drops it brings.

[cmackay] 15/11/2017 16:34

I should have topped up yesterday, I had hoped for a better entry today but I topped up some ukog instead.

I'm still very optimistic about Dempsey and it's commercialisation. If it flows clean and dry from a non-target, just imagine what might come from the ones they're excited about.

[short6] 15/11/2017 15:57

Bit downbeat harrissen, after 1 zone tested that wasn't expected to be that good anyway according to the wireline log. Personally I can't wait for the next test result. The sooner the better.

[nametrade] 15/11/2017 15:42

harrissen, you say that...but
If it is x4 they test next and it comes good, sentiment will return...then there is still the other zones to test.

[harrissen] 15/11/2017 14:55

It may not turn out to be the multibagger that was once expected but if it can produce enough funds to stay debt free until the China acreage is farmed out it will have filled an important piece of the jigsaw.

[uxbridgearms] 15/11/2017 14:01

I think they may have tested the other "thin zone" last night and are doing the first big one this evening....lets see.

[stewart4800] 15/11/2017 14:01

Well nice to see us up but 2.7% we were down similar to Sagasco yesterday and they were up 11% last night so another 8% or 9% required today please.

A few are saying the next zone may be similar to the first that being some what thin, I read Toons post yesterday and I got the impression the next two zones hopefully should be good, of course no one really knows, see part of his post below.

"I wasn't aware this bit that was tested wasn't expected to be good so I was surprised but have had it confirmed the next 2 areas of testing are hopefully the big deal,"

DYOR

[currypasty] 15/11/2017 12:31

Im hoping that they don't bother RNS 'ing anything trivial, like another 'poor' (their words), thin sands.. whats the point?
I know ASX is supposedly tighter than AIM, but I don't think a notification on every target.. another 7 or so will do shareholder nerves any good.
We already know, have been told, that the shallow targets will pay for the drill

[whoneedslottery2] 15/11/2017 12:10

Absolutely CP - another thin line of sand to test before X4.

[currypasty] 15/11/2017 12:06

one lot of traders flushed, next lot due to arrive shortly...lol