|13 Apr 2015||senttothegallows||Xyed
The work you do for Empyrean shareholders is invaluable I am more than happy for you to take a cautious view. I don't find your posts negative in any way far from it if cautious figures give EPS of 1.96 and 2.7p I take that to be a huge sign to continue to buy read more...|
|Wed 14:56||trotting12||Toon,,a must do deal !!,,,shame it wasn't a must do deal to rehedge our oil before the slump ,,,we must be foooooooookin mugs to keep paying their wages and out of control expenses ,,,whilst they've kept us in the dark and fooooked us hard enough to make an elephant wince at every given oportunity ,,aimho, read more...|
|13 Apr 2015||lazarus2010||just a quick comment re the negative posts about the hedges in place. The 'cost' above $51 as I am sure everybody is aware, is one of reduced profits rather than any actual loss per se. Some of the comments seem to read as if it would be a disaster if the WTI hit $70 as the cost of the hedge would increase. As Crosseyed (thanks again Corsseyed!!!) has pointed out, the hedge is for c. 21.6%, so... read more...|
|13 Apr 2015||senttothegallows||As ever we choose to focus on the negatives rather than the positives. We are fully funded and have insurance against a lower oil price on a small % of our turnover.
Current Oil $52.34 + premium as we stand and we are on a p/e of less than 4 for current year and less than 3 for next year. If we were on a forward p/e of 8 which is conservative we would be at 21.6p.
Totally agree with getting... read more...|
|12 Apr 2015||crosseyed||Production Update for February 2015
The various tables have been updated to reflect the Texas RRC figures for February 2015. The header information should be updated shortly.
New Wells in Production
February saw a big improvement in new wells brought into production (as reported earlier this week), being 12 gross wells and 8.67 equivalent wells to EME as measured against a full 3% WI... read more...|
Guys. For what it’s worth we would be better off just getting rid of Riverbend we have very little acreage and due to the previous operator going bust then Huff taking over as well as leases not being renewed when they went bust we have bugger all on Riverbend, contrary to what has been said they apparently do not yet have the technology to complete in Riverbend drilling and... read more...|
|13 Apr 2015||michmcd||If a buyout doesnt come along. The only way this will move towards the levels we all expect is by the BOD publishing predictive modelling on EPS forecasts (based on reasonable variables), and supplementing this with a forecast timescale for introducing a dividend policy (post debt repayment). read more...|
|13 Apr 2015||sherlock holmes||crosseyed...it seems that the hedge in place is extremely expensive and once again we appear to be on the wrong side of the market. I would have preferred no hedge as its obvious WTI will increase over the next 12 months from historically low prices....hedging for further downside whilst on the near lows!...brilliant ;( read more...|
|12 Apr 2015||crosseyed||Macquarie Debt Swap Hedge
The RNS of 08/04/2015 ("Empyrean Energy PLC Hedging contracts with Macquarie Bank Limited") outlined the terms of a swap facility that would appear to be a requirement imposed by Macquarie tied to the recent drawdown covering the period April 2015 to March 2016. A further put/call options arrangement is also required over the following two years.
I'm considereing... read more...|
|yesterday 07:29||trotting12||Tg,,with Isis knocking on their door ,,the Saudis will do what ever their yanky masters tell them ,,, read more...|