Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -1.37% 9.00p 8.75p 9.25p 9.125p 9.00p 9.00p 604,092 12:54:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -10.5 -3.7 - 35.91

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Date Time Title Posts
22/8/201712:57EME - Post Sale of Sugarloaf Asset5,724
19/6/201719:26EMPYREAN ENERGY (EME): CHART AND DISCUSSION THREAD (moderated)46,106
29/9/201522:27Empyrean Energy22,096
09/12/201409:14WHY HAVE THE AGM SO QUICKLY?27

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Empyrean Daily Update: Empyrean is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker EME. The last closing price for Empyrean was 9.13p.
Empyrean has a 4 week average price of 9p and a 12 week average price of 3.38p.
The 1 year high share price is 12.25p while the 1 year low share price is currently 1.25p.
There are currently 398,995,110 shares in issue and the average daily traded volume is 1,975,419 shares. The market capitalisation of Empyrean is £35,909,559.90.
kevjames: The problem for EME is cash generation or lack of! There is no cash currently coming in from China or Duyung, but the future potential is huge. Therefore, Dempsey is the only project that offers EME a potential quick inject of cash, but only if the gas flows at commercial rates. That is why Tom probably sees this as a good move. The downside to Dempsey is that it has cost us $2 million already and a slug more will be needed to put it into production. However, if we get to put it into production, it would be at this point that I would do a placing at 15, 16p or whatever and it should be limited to shareholders who were holding the day before any big announcement on commercial flows. This would be a key event - proving the play to commercial production would be a game changer. That would then lead to stage 2, the Alvares well ( hopefully sidetrack so only a couple of million rather than $8million). From that, possibly more fundraising will be needed in the 20's to see out the 3 Dempsey AMI wells. Then onto China and Duyung :-) However, if Dempsey is unsuccessful, I doubt the other drills will happen, simply due to the lack of funds. Clearly This outcome would impact the EME share price, but we still have the other two projects to underpin, so share price should still be around 8p. However, Tom and his team will need to live on beans for a while - Toon could you arrange that!! That said, keep an eye on the Tulainyo well (no EME WI) that is due to spud in Sept - that will also be a good indicator of how good the deep plays really are in the north basin and if they are really worth chasing. Next drill update should be interesting, should cover the first 2 or maybe 3 primary targets. Above AIMHO. Hopefully some good news soon for the LTHs.
leadersoffice: Might as well stop drilling for all the good it's doing the share price. Probably find the share price will climb
kevjames: UKOG shareprice will be worth more than EME by the end of the afternoon at the current rate. My guess is that we will get some news by Friday, I also think that the UKOG traders will start top slicing and will be looking for a stock will lots of upcoming news. At the moment the EME price is drifting on no news and low volumes.
kevjames: Today's news was just a progress report and should not materially affect the value of the share price. The important piece going forward is how much gas we find at Dempsey and how commercial will it be. There is no doubt in my view that the drill will find gas, but it order to fund Alvaras it will need to be at at certain level ( but don't have a figure for that and can't find one). That said, if Dempsey comes in good, you can bet that the other 3 plays in the area of mutual interest, including Alvaras will also be good ( they lie on the same trend line)and will then be fundable. That's why this drill is so important and success here will potentially drive the share price to a much,much higher level. LTHs are protected as they probably are in from much low levels than today's price and the Duyung results protect the downside. However, traders will need to decide their entry and exit points. Don't think herd is here yet( volumns too low)but first sniff of gas, which I suspect will be in two weeks will be very interesting. GLA and DYOR.
safiande: Stew, Zak reckons 14p earlier on a non-ramping basis:- Empyrean Energy’s recent share price rise tipped to continue Share 10:05 10 Jul 2017 Empyrean Energy Plc.’s (LON:EME) share price has surged over the past month or so, and technical analyst Zak Mir is expecting that run to continue for a little while yet; possibly up to 14p.  “There’s been a very strong recovery for the stock over the last month [as] we’ve broken through former October resistance at 9p,” says Mir in the latest Proactive Investors Bulletin Board. “While we remain above that 9p zone we could head as high as 14p which is the top of a 2015 price channel, even though shares have already risen quite substantially over the near term.”
phoebusav: For folks who saw the article and came here looking for some more info here's the detail. Empyrean [EME] looks an excellent oil and gas stock pick. Having just reported great drilling results in Indonesia, EME is now about to start one of the most exciting drills of 2017 on the LSE. The Dempsey well due to spud this month is an onshore US gas appraisal/exploration well targeting more than (1TCF gross) 50MMBOE net recoverable to EME in seven stacked targets with chances of success ranging up to 40%. EME and its partners own the gas metering and surface infrastructure and if successful the well can generate cash flow very quickly in an area where gas sells 10-15% above Henry Hub. At an in ground valuation of $5/BOE this equates to a value net to EME of £190M or 49p per share in the success case, far in excess of its current share price of 7.5p. Their JV partner Sacgaso has also indicated additional appraisal and development drilling at Dempsey in the first half of 2018 onwards if successful, whilst there are several follow on prospects within the Dempsey trend. Sacgaso has also indicated their intention to drill the Alvares appraisal/exploration well in the first half of 2018. This is also onshore US, but is even bigger at (2.4TCF gross) 100MMBOE net recoverable to EME. Alvares was drilled in 1982 and intersected 5,000ft of gas shows with some gas flow to surface. At the same $5/BOE this would equate to 98p per share in the success case. The success in Indonesia in June was the Mako South-1 appraisal well, which targeted (0.43TCF gross) 7.1 MMBOE net recoverable to EME. The well result was above expectation and flowed at 10.9 MMSCFD or 1,817 BOEPD. The licence has upside mapped on 2D and 3D of 4TCF gas and 120MMB oil. EME also has an earlier stage oil exploration project in China adjacent to the billion barrel plus Liuhua oil field operated by CNNOC. Funding has recently been conducted though placings and an open offer. The last at 5.5p saw investors particularly interested in the US assets come on board, which is not surprising given the huge size of the drills relative to EME’s tiny market cap. EME is debt free and funded ready to drill Dempsey later this month. On the back of success in Indonesia in June and with mouthwatering drills in the US about to kick off, it looks like an excellent time to buy EME, but remember to do your own research.
showme01: Great overview posted by Early Bird in LSE. Thought I'd share for any new people looking to invest. Just bought another 50k :-) Page1/2 Page 1 of 2 Empyrean Energy – Near Term Target 10p (£37m MC)  Current Market Cap = £14m @ 3.875p (as of 13/06/17)  Shares In Issue: 375m (following most recent fundraise)  Board/Directors big skin in (35%), CEO has 14.9% and associates have c20%.  No Debt  Cash position $8.5m usd (as of RNS dated 13/06/17)  3 major asset interests with net prospectivity to EME in the hundreds of millions barrels of oil Equivalent  Big near term catalysts as per below including 2 high impact drills to spud in the next 6 weeks which are all funded from existing cash targeting net 315bcf to EME. Indonesia Duyung PSC (10% WI) High Impact exploration leads from the 2d & 3d seismic show that the permit has 4 TCF + 120 mmbls oil Exploration prospectivity in a prolific producing basin. Includes Masko Gas Discovery, close to pipeline infrastructure which has 2C/3C resource of 430bcf and 640bcf in this single discovery alone. Three previous wells drilled at Mako in 1975, 1996 and 1999 intersected the gas zones but were not flow tested. Two of these wells were targeting deeper oil and the third well, targeting gas, encountered technical difficulties and so no flow test was completed. Masko High Impact South-1 Well to Spud imminently (before the end of June) which will flow test the known gas intervals and provide key data on the permeability and as saturation properties of the reservoir. EME’s share of the drill funded/paid for from EMEs existing cash reserve (circa $2.65m) California – Sacarmento Basin Dempsey (25% WI) Prospective resource of over 1TCF conventional onshore gas (250bcf net to EME) stacked prospect, Dempsey-1, which is to be drilled July 2017. Dempsey-1 well location sits next to existing gas metering and surface infrastructure that is owned by the JV. This means that any gas discovery can be connected and generate revenue near straight Page 2 of 2 away (as soon as September this year). Gas prices in Sacramento Basin commence 10-15% premiums. EME is funding its share of Demsey-1 well ($1.6m) through its existing cash reserve. Alvares (option for 10% farm in for $1.3m) Alvares is a large structure mapped with 2D seismic and interpreted by Sacgasco to hold prospective resources of over 2 Tcf estimated potential recoverable gas. A well drilled by American Hunter Exploration Limited in 1982 for deeper oil intersected 5,000ft of gas shows. No valid flow test was conducted due to equipment limitations and the deeper oil target failing. However minor gas flows to surface were recorded even with these limitations. Dempsey Trend AMI (option for 25% farm in) 3 further Dempsey sized targets China Pearl River Mouth PSC (100% WI) 100% of 1800 km2 Chinese Pearl River mouth PSC - 2 X 2D covered high impact drilling prospects Jade and Topaz. 4 wells drilled - 1 has oil column and 2 with oil shows (out of closure). Jade Prospect - Drill ready high impact - low risk and on trend to recent CNOOC discoveries. Topaz Prospect low risk prospect is a very close larger analogue of Liuhua 16-2 oil discovery. Located mid point between LH11-1 and LH16-2 oil accumulations. 1.3 billion bl Liuhua 11-1 oil complex just outside licence boundary. Further 3D being conducted imminently with a farm out potential later post interpretation. Initial interpretation results expected in August 2017, EME funding the 3d seismic ($£3.2m) from existing cash. Summary/Upside Case Two high impact drills, funded from existing $8.5m cash reserve, are spudding in the next 6 weeks targeting a total prospective of 315bcf net to EME, some of which is already contingent/discovered and also close to existing infrastructure. To give an idea of potential upside, AEX had recent success at NT-2 gas discovery net 240bcf to them and the shares re rated to a peak MC of over £180m. A few months further down the line here you also have the 3d seismic of the Chinese Pearl River PSC and possible farm ins resulting from which could add significant further upside value. Currently extremely under the radar and expecting a re-rate in share price as market cottons on. EME Energy Note.pdf Open with Lumin PDF Page 1 of 2
thetoonarmy2: PB. it will against the average of your ordinary & B shares aggreated as B costs you nothing its the EME share price to average against.
2lb: WTI $38.3 The rise in oil over the past weeks and its stark contrast to the fall in the EME share price speaks volumes for the strategic brilliance of the BoD.
nickb: 30% off sheds at B&Q if that's any help. I cannot believe the EME share price it must have hit the bottom and I would have thought results should produce a bit of a rally. Good luck.
Empyrean share price data is direct from the London Stock Exchange
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