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
  -0.25p -3.85% 6.25p 6.00p 6.50p 6.50p 5.875p 6.50p 3,975,314 16:29:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -4.0 0.3 19.3 21.51

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Date Time Title Posts
24/6/201716:57EME - Post Sale of Sugarloaf Asset3,736
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 6.50p.
Empyrean has a 4 week average price of 3.38p and a 12 week average price of 3.38p.
The 1 year high share price is 9p while the 1 year low share price is currently 1.25p.
There are currently 344,150,404 shares in issue and the average daily traded volume is 3,759,178 shares. The market capitalisation of Empyrean is £21,509,400.25.
oilforex: Company share price flies, first prospect drill fails, share price dives. Second overhyped prospect turns out to be not a prospect at all. But...Third prospect delivers, shares dilluted to oblivion, oil price sinks, prospect sold for a song.More money raised, company gets makeover, sucks in some new money, rinse repeat. :-/Hmmm... Nearly the weekend. Hopefully positive news the start of next week. :)
kevjames: Rather unexpected RNS, but only a 3% dilution so should not affect the share price too much. Hopefully we will have some good results by the end of the week to underpin a higher share price than today's close.
maltby2002: Dilution is not normally a positive for a share`s price but there are a number of factors here which should limit any short term fall in price: - the dilution is minimal. - the shares are going to an institution. - the placing price is almost 50% higher than it was at the beginning of last week. - the institution is particularly attracted by the Californian prospect which if successful would have the biggest short tern influence on the share price given the immediacy of cash flow. Another positive move in my view.
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
stewart4100: Jemjem, I was just saying that above, I had not realised until I listened to the sharecast that Californis was so quick. If we had good results from drilling Duyung then the share price will react regardless of time to market with California it is quick cash flow which will move the share price as well. In my view I am comfortable however be good to see a summary of each project with how each one is to be funded. I am not being negative like this bandflex character !!
stewart4100: Zebbo,I thought that also, take existing market cap x 5 say £42M divided by new shares, only on phone so say 360M share price so share price 11.6p3.5p looks attractive doesn't it infact all the way to 11pIMHO just my view
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.
tadtech: I can see no material reason for the share price drop from a operational or fiscal perspective. I listened in last night to the AGM proceedings and took a look at the accounts, EME are profitable. Now add to the mix recent nearby corporate actions that have read across values way above EME's current share price and the fact we know EME is a willing buyout target. The clue is the market makers were happy to take 1m shares (unheard of for EME) at prices between 7p/7.5p for most of the morning. It did not tempt many sellers. Even as the share price 'dropped' market makers were happy to take stock but it was nigh impossible to buy at times. This is not the case when a company has bad news about to hit the market. I now move to the possibility that news may have leaked. Normally RNS statements for the next business day tend to be lodged towards the close of business, in the case of EME the selling attack started around 1.30pm (midnight in Australia) so this potentially rules out a RNS lodge for Monday. I therefore conclude that we either have a distressed seller (very likely) or it is a co-ordinated 'attack' on the stock by an entity or entities who may be seeking to acquire the company. EME is rather a unique case because there appears to be a very firm private shareholder base who will not give up their shares easily. If it is an entity wishing to bid they need to accept they will have to pay the going rate which is north of 15p IMO.
Empyrean share price data is direct from the London Stock Exchange
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