Empyrean Energy Share Discussion Threads

[bobcomins2] 08/12/2017 09:13

"A typical well can have 20 fracs, each necessitating the procedure of blending, pressurizing and cracking. A typical frac job can last up to 20 hours — one frac stage per hour — from start to finish.
Once all the fracs are created, the downward pressure is removed from the well. Within a couple of days, the release of that pressure will reverse, allowing the oil and gas to flow from the rocks and up the well."

The frac procedure doesn't take that long, so its down to how long the approval process takes before anymore news on Dempsey.

Bit disappointed as wont be getting a fantastic Christmas present from EME this year (again) - but still looks very promising for 2018.

[svsvsvsv] 08/12/2017 09:11

Time to move on up me thinks.

[bskiny1] 08/12/2017 09:07

Problem is...EME did the Dempsey well for the short cash...our other sites are longer term

[hang ten] 08/12/2017 09:04

'Well....well....' Tom and Gaz I would imagine are now super keen to release the China Block 29/11 results once the 3d analysis are complete. Remembering that this is estimated to be around Christmas. What a buying oppertunity for an investment in this potentially transformational project. Again with Indonesia priced in and around 12p one does not need a calculator nor half a brain to figure this buying opportunity. I personally never got that excited about California BUT aknowledge it's potential. It has been a distraction from the China project. I still will not get excited nor disappointed about California my focus is, was and will be on China. Saying that it will be nice to see California do the business. I do sincerely think it will and the reward will be worth the effort. But I just don't feel the love that so many of you seem to have for it ! Anyway guys I trust all will work out here and that the wise snap up their stake at these bargin prices ! And stop panicking- what's coming down the tracks for EME will show the last few weeks decline as just a little blip on the charts this time next year. GLA and keep the faith ! HT

[oilforex] 08/12/2017 09:03

KwizzaMight explain why they didn't drill to the original target depth. Would also back up the view that these are the two zones reported in the volcanic level, therefore below the significant shows of the 'x' zones.No wonder they are keen to try and prove this up if that is the case. Remember the several Dempsey lookalike structures an addition to Alvarez?This has the potential to be huge. EME isn't SGC. For me it was all about China. But then Indonesia was a surprise bonus and now huge Dempsey potential essentially for free?Obviously not happy with the current handling of the news, but I think looking back in 6 - 12 months this will seem a steal.

[dafrog] 08/12/2017 09:03

The news isn't that bad but traders don't like delays. I am holding all and still up. 12p is nearly 20p in old money.

[kumala] 08/12/2017 09:02

Been ere circa 15 yrs guess a couple more wont make much diff. Back to the bottom drawer for EME i guess.What a crock.K

[the guardian] 08/12/2017 08:59

What's with all the selling? The news isn't that bad.

[kevjames] 08/12/2017 08:58

Curry
I think they are looking at the big picture here - to fully test the lower zones they can not move further up the well. If you believe ( as GJ seems to) the lower zones will provide the big bucks in time, you would not rush to the higher zones because you are cash restrained. You develop a strategy to get the data. Remember these results potentially feed into the well designs of the Dempsey lookalikes. I have no doubt that this will become a big profitable resource but it needs funding. They will get the funding but how and at what cost to the shareholders is the unknown. This is looking a very good LTH from these levels with China and Duyung in the wings. Many of the traders will be well down, but for those of us LTHs who can wait and can top up, this could be very good indeed.
Well done to Brimsley - he got his 12p in the end, however the game is far from over. GLA and AIMHO.

[kwizza] 08/12/2017 08:51

SGC say that the area straddled by the 2 gas flows has potential also

[oilforex] 08/12/2017 08:48

As a thought, whatever happened to hotrocketshares and his crystal ball?Maybe he passed it to Brimsley?

[judijudi] 08/12/2017 08:46

Brimmers fair play
You called it bang to rights

[currypasty] 08/12/2017 08:45

17p down to 12p on a delay.. come on are we really that much of a traders dream

Half price in just over a month.. where has reality gone? this is one project in three, and probably the smallest of them. We can wait months for china, why not a bit of fraccing?

[fsawatcher] 08/12/2017 08:44

they want quality cheese

it need more holes to get the whiffy stuff out innit

you got that plastic edam stuff which give you colon issues

they stimmi this much they like but you aint gonna get extra holes no mat wot you frac co it jus crumble like bread that 1 year old

plug it abndon it , safe the money for nuther wll

dont chase it coz it result in nuther placin 5p next times

[nithbank] 08/12/2017 08:43

Panic over? Tide turning..,

[starzerus] 08/12/2017 08:43

No I didn’t judi. Wife hanging over me with a kitchen knive in her hand.

[oilforex] 08/12/2017 08:39

Anyone who liked conspiracy theories might think that yesterdays debacle was orchestrated for some to get out at a higher price given todays news.

[currypasty] 08/12/2017 08:37

if they were stuck for cash, they would have plugged and moved up to get production.. It is obviously worth the wait

[john henry] 08/12/2017 08:37

Judijudi got in early doors @ 12p read the RNS and sold @ 12.5p

MT/LT excellent hold. Short term may dip a little more. Aimho

[bobby1904] 08/12/2017 08:36

....Also note the SGC RNS was released AFTER trading finished in Oz, so we have not yet seen the ASX response to this update...which will come on Sunday overnight...

[telbap] 08/12/2017 08:33

Good to see old brim ticking his post up with some alter ego avatar.I agree with wsj there would well be a bigger player in the background.

[bad gateway] 08/12/2017 08:30

I see nothing to indicate fracking won't be allowed, far from it California's apparently quite for it (on the quiet).

[judijudi] 08/12/2017 08:30

Great decision of mine to top up at 12.5
😩😩😩

[bobby1904] 08/12/2017 08:29

Dont forget to read the SGC RNS as well as the EME one. The quote from GJ gives more detail....

[currypasty] 08/12/2017 08:28

farm it out, sell this well, go to the bank, bring in another partner..