Empyrean Energy Share Discussion Threads

[cmackay] 17/11/2017 08:17

I can understand somebody being wary of buying in at this stage without further news, but it is irrelevant to anyone already in.

[terry hardacre] 17/11/2017 07:36

Pointless article, offering no useful analysis of the current situation

[starzerus] 17/11/2017 07:27

From Motley Fool

A few weeks ago, holders of £78m cap exploration firm Empyrean Energy (LSE: EME) could be forgiven for feeling rather smug. The shares soared to almost 28p in September on the back of encouraging updates relating to the company’s Dempsey 1-15 gas well in the Sacramento Basin in California. Given that the very same shares changed hands for just 1p each 12 months earlier, that is a quite incredible return for those who got in early.

Since then, they have come off the boil somewhat. In addition to a likely spate of profit-taking, the price fell heavily on Tuesday following a disappointing statement from the company.

Despite announcing that flow-testing and completion of the well was “continuing as planned“, it was revealed that the natural gas found at the lowest zone was flowing at “sub-commercial” rates based on current market prices. Seeking to reassure its owners, Empyrean stated that the analysis of the zone and its potential remained “at an early stage” with CEO Tom Kelly adding that the company remained “optimistic221; on the well’s potential based on the “significant gas shows” found while drilling.

With the company now preparing to target the next shallower zone, I can see further volatility ahead. As such, I remain wary of the shares at the current time.

[bad gateway] 17/11/2017 01:01

It was 2012 not 2013. They thought they had 180' of oil and it turned out to be water by the RNS's.
SCU #1 apparently.

[cmackay] 16/11/2017 22:42

Brimsley, you have a poor reputation on advfn for the spreading of lies that are easily verified.

[milojim] 16/11/2017 21:38

It's basher Brimsley. Hope you're getting a good commission for your long hours posting.

[bobby1904] 16/11/2017 21:04

Hope so niceyman but don't be too disappointed if not, as it could just as easily be Monday before we hear more....

[niceyman1] 16/11/2017 20:56

News tonight me thinks!

[telbap] 16/11/2017 20:56

Think that one will go in answered hector..It's great to call the bull spreaders out.

[hectorscrackwhores] 16/11/2017 20:15

interesting brimsley, care to expand....

[dodgydd] 16/11/2017 20:14

TGG,
That's my point, we have pressure, the Well may flow in the next test zone, it may not, what we do know, is the Well will flow. I have topped up again today, and I am not selling any shares till excess of £1, I am happy to wait 2-3 years, I a have been in 11 years. I do think this is life changing

[brimsley] 16/11/2017 20:03

SGC have a poor reputation in Oz due to reporting a 150' oil leg that turned out to be water in 2013 shares went to 24c then back to 4c when truth came out

[thegreatgeraldo] 16/11/2017 19:04

dodgydd, of course the pressure is there..... if there wasn't high pressure 2 miles underground,the physics textbooks would need rewriting.

[terry hardacre] 16/11/2017 18:28

Looking gift horses in the mouth, eh, buffy.Couldn't have any more positive signs of likely success short of the actual positive flow test result itself, and still there's fretting and gloom.This stage of things could be a lot more enjoyable if people focussed on what we already know.

[buffythebuffoon] 16/11/2017 18:20

Good God, what’s the matter with so many of you?

This is exactly why companies should say nothing until they finish testing.

Buffy

[dodgydd] 16/11/2017 17:06

If the pressure is there, it needs to come out. I'd happily take no more zone testing results up dates , Just an update indication multi zones if not a single zone flowing to production at a commercial rate. Time will tell.

[bskiny1] 16/11/2017 16:26

I think we will be very unlucky if it is only the top two zones that flow...still the well will be for free.

[thegreatgeraldo] 16/11/2017 16:12

Bit of a big call swampy! The Dempsey partners will have a very good idea from the logs. The fact that they're testing suggests they're either fairly confident or a bunch of chancers!

[swampydrill] 16/11/2017 16:08

For sure this well will flow commercially, just a matter of from which zone, a bit more clarity as to which zone was tested first would have been nice and maybe have given people more confidence

[the guardian] 16/11/2017 15:16

Great imagination Herschel :-)

[blueblood] 16/11/2017 15:07

Gary Jeffrey is finished if this doesn't come up with the goods. Best in 45 years wasn't it.....

[bskiny1] 16/11/2017 15:06

And they have more banking on this than us

[herschel k] 16/11/2017 15:05

the chart looks like it's shaping up for one massive batman...........right ear to form soon........

[short6] 16/11/2017 14:35

Stupid time to sell TG.
SGC are back to 0.16 AUD. Just 0.01 AUD down pre test.
Gutless pom's I suppose.