Empyrean Energy Share Discussion Threads

[rutter] 07/12/2017 13:51

Interesting angle Oilforex. Something fishy going on. And most interesting as to why neither company have commented

[fsawatcher] 07/12/2017 13:50

Let's just hold our shares and shut up. Market games.

i fink you said that when price drop back from 24p to 19p

yous now say it when price 14p

i predikt you say it again when price is 11p

yous lost half ya money jus watchin and waitin

that dont matter thous coz it market games to you innit

[terry hardacre] 07/12/2017 13:46

ch4p - just holding our shares and shutting up seems an appropriate course of action when there isn't a spurious report doing the rounds that's caning the share price. Today, I think it's appropriate to hold our shares and make some noise.

[ch4p_85] 07/12/2017 13:42

Let's just hold our shares and shut up. Market games.

[terry hardacre] 07/12/2017 13:40

stewart - my thoughts exactly. What is taking them so long to issue a short, simple statement? They manage to do a rehash on SGC's RNS's within a couple of hours.This is damaging faith in EME's management the longer this goes on. oilforex - interesting analysis, and I think confirms what we are assuming and what the company needs to confirm; viz X1 has not been tested yet. I strongly suspect the strachan report was deliberately phrased in the way it was to cause the effect we're witnessing. A lot of smelly action here of late.

[oilforex] 07/12/2017 13:35

Buffy

I don't honestly think there is any confusion, other than those trying to confuse.

[buffythebuffoon] 07/12/2017 13:34

Surely the confusion over exactly what zones are being tested are exactly what the JV wants.

We’ll know if we have commercial flows, and how much, but we won’t know exactly which zone/s we are producing from; and neither will competitors.

To be frank, I really can’t see what advantage that confers, given we’ve confirmed the production levels, but clearly it must do.

Buffy

[honestmarty] 07/12/2017 13:32

Wonderful buying opportunity.
Yum, yum

[starzerus] 07/12/2017 13:26

yes Judi I see

[killerwolf] 07/12/2017 13:22

good old EME, eh? never fails to deliver a solid kick in the balls no matter how good things look
>:-(

[fairenough11] 07/12/2017 13:08

225k at around 10:00am ish.

I hope someone's TRADE wasn't in trouble here:-))

[judijudi] 07/12/2017 13:06

Plenty of shares available if you ring your broker

[transmar] 07/12/2017 13:04

nametrade,

he has a long long history.You have no idea.

He was still promoting this at 31p,Oh and then sold of course.

[podium] 07/12/2017 13:03

As usual can't buy fack all.

[nametrade] 07/12/2017 13:01

transmar, so you wouldn't have if you had bought around 3.5p?
stop being ridiculous.

[fairenough11] 07/12/2017 13:00

200k at 13.75p---Hmmm.

[transmar] 07/12/2017 12:59

nametrade,

of course he sold out as predicted.

[nametrade] 07/12/2017 12:57

transmar,
Zengas stated that he had sold out and had a free ride holding left...
stop trying to insight a reaction.
childish!!

[judijudi] 07/12/2017 12:57

Starz,
See what I mean

[transmar] 07/12/2017 12:54

Any sign of Zengas?Thought not looking at the predicted chart.

31p pump was not the time to be buying,but these levels are more realistic,in fact good value with what's still to come.

[digger2779] 07/12/2017 12:54

It's been said before that Dempsey has enough gas to pay for the drilling so we shouldn't lose out on that. At this rate Dempsey won't be in the share price and we can all relax as our other stuff should eclipse this.
I still think there are ulterior motives at work here. Why make the markets wait so long for testing and then bam we get an assumption from outside company sources?

[oilforex] 07/12/2017 12:48

Open to comment. These are the reported zones of interest. I believe you have to be careful as the flurry of RNS, certainly at the beginning can lead to it looking like more zones have been reported than is the case. For example I think the excitement of the first three RNS are reporting the same 4 zones of interest.

Not sure my table prints well here so I have listed from the RNS. Each shows the date, reported drilling level, level of shows and number of reported zones where provided.


09-Aug Drilling commences

14-Aug Multiple significant gas shows
1300 Prior to 1300 4

21-Aug Four gas zones confimed (X1)
1760 1000 to 1560

29-Aug Significant gas shows multiple zones (X2)
2182 1560-2182

30-Aug Unexpected zone
2300 2182-2300 1

31-Aug Drilling Ahead Through Additional Significant Zones(X3)
2440 2300-2440 ?

04-Sep Drilling Ahead Through Additional Significant Zones (X3)
2615 2440-2615 ?

08-Sep Drilled into Primary Gas Bearing Sand Reservoir (X4)
2760 2615-2760 1

13-Sep Two further zones
Finish 2760-2790 2 Zones

Target Depth Not Reached 3200

My reading of this latest Strachan post is that the "deepest target zone on top of the volcanic rocks" is not X4 as seems to have been suggested. Assigning it this label is purely an interpretation or attempt to mislead. The sub commerical gas shows referenced are in my view, the second of the two zones reported on 13th September. This has already been reported.

I interpret it this way as he later refers to this zone as being "intersected at the edge of a much larger sandstone unit that had been mapped on seismic" - which is X4. Look at the reported depths and you can see that the RNS of 08 and 13 September report these areas within just metres.

If you can get your head around this conclusion, then the rest of his article is quite upbeat, albeit mighty unclear. It does er on the side of caution as should be expected.

IMHO it says nothing new, or certainly nothing that isn't already in the public domain. I would guess that the kick to the share price comes from the final comment "final gas flow results from the shallower targets might take several weeks to achieve."

For anyone who reads my posts I have mentioned before that I don't expect any connection til Feb or March next year. Also the slow rate of testing bearing in mind where we seem to be at present is certainly burning cash.

Anyway still all to play for here imho. Seems that some always want jam today however...