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EME Empyrean Energy Plc

0.31
0.05 (19.23%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean Energy Plc LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.05 19.23% 0.31 12,383,449 16:35:15
Bid Price Offer Price High Price Low Price Open Price
0.27 0.35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD USD -20.8M USD -0.0211 -0.12 2.56M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:15:10 O 1,000,000 0.3241 GBX

Empyrean Energy (EME) Latest News (1)

Empyrean Energy (EME) Discussions and Chat

Empyrean Energy Forums and Chat

Date Time Title Posts
26/7/202415:10EME - Post Sale of Sugarloaf Asset55,464
14/3/202418:17Empyrean Energy - EME - Charts and Info54
13/6/202313:24Empyrean Energy22,263
22/11/202214:05Empyrean energy -
12/9/202211:25Sacramento Basin-

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Empyrean Energy (EME) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:15:100.321,000,0003,241.00O
2024-07-26 13:44:220.3263,560206.00O
2024-07-26 13:00:410.322,000,0006,482.00O
2024-07-26 12:01:110.274,000,00010,600.00O
2024-07-26 11:29:320.32250,000810.25O

Empyrean Energy (EME) Top Chat Posts

Top Posts
Posted at 08/7/2024 10:22 by showme01
JJ , I'm all up for debate.The share price has priced in no Duyung progress and certainly no Topaz licence. I accept that CNOCC might have lost faith in EMEs ability to deliver but they have extended it previously and Gas Clouds Gaz clearly has a good relationship hence the award initially. You can't claim if it is awarded, it will be on worse terms. How would you know? Topaz would be a great bonus if awarded, Duyung is my focus as EME clearly undervalued and once terms have been agreed to buy our percentage, at least we can reflect true value. What happens then, who knows.
Posted at 24/6/2024 07:06 by showme01
EME share price has collapsed a lot more than Conrad. This news should balance that imo.?
Posted at 19/6/2024 07:17 by judijudi
Patience has never yet paid dividends here
And I don’t think long term holders in EME could be any more patient than they have been
It’s time to stop being patient!
It’s now time to sell up and divi up after any Mako sale
TK has had far to many chances to prove himself with our money and yet for 19 years (yes 19 years) he’s given hardly anything in return only mostly abject failure's and a share price struggling to stay at 0.25p while the bod continue to draw their nice salaries. If we let them they will continue to draw salaries with the promise of yet more cash draining 5th rate projects that drag on for years with very little chance of success!
The past is a guide to the future!
In my opinion only
Posted at 13/6/2024 14:37 by safiande
I recollect that a few punters here espoused the merits of EME entering into further exploration deals to enhance cash flow. I assume that " low risk / high impact " in today´s RNS from Tom refers to early cash flow. If the proceeds from Mako are substantial as mentioned, then Tom can afford to enter into decent wi arrangements on these new programmes with the cash left over following the Topaz JVP deal, assuming that the extension is granted and assuming that EME wishes to continue.

Conrad confirmed today that despite the likely 6 month slippage in the Mako FID that :-

"The parties continue to endeavour to sign a GSA by the end June 2024."

This refers primarily to the export GSA which will impact favourably on the sale process and ultimate value. Furthermore Conrad also confirmed today that additional parties have expressed an interest in the sale which should positively affect the selling price.
As Mako is a cash cow I had considered that EME might stay in at least partially. However first production has slipped to at least Q4 / 2026 so a total sale in say Q3 / 2024 will free up cash for Topaz and the new programmes as needed.
Posted at 13/6/2024 06:42 by showme01
Conrad share price has halved since peak in March 23. EME was approx 1.25p at the same time. Oversold?
Posted at 08/6/2024 10:58 by odillon
Tom the Dom - it only takes one shareholder to attend the AGM and ask the pertinent questions. Buzzzzzz went to the 2023 AGM. He asked about the fraudulent transaction and was told that they were awaiting the results of the police investigation. Additionally he said that they felt they had a good case but would need funds to pursue it.

Some of us arrived at the EME party at a later stage than others. I was one of the Jade spike party guests.

As well as being an EME shareholder I am someone who likes getting to the bottom of mysteries. I learned about the fraudulent transaction after becoming a shareholder.

I am intrigued as to why I have been unable to find any Court record of the company applying for an injunction.

I also find it puzzling that whilst the EME RNS about the injunction and the police investigation was repeated on the various share websites, there appears to be no coverage anywhere of what I think is a striking story with any comment independent of what the company said.

Shareholder concerns about this matter are not a current phenomenon, they have been voiced repeatedly since the money was reported by the company as misdirected.

I envy your ability to take a "let it go, let it go" stance with regard to this matter. But my position is that I have woken up and smelt the dwarves and I side with those shareholders who are looking for transparency from the company with regard to the full facts concerning this very large sum of money.
Posted at 28/5/2024 08:38 by judijudi
It’s truly appalling how EME has been handled by our management
5th rate projects (bar one) losing (ahem) 2 million, all the while treating EME as a lifestyle company

Inception 2005
Share price £1.50+
2024
Share price struggling to hold 0.3 of a single penny
And not producing a thimble full
What a CV!
All in my opinion
Posted at 04/5/2024 11:31 by odillon
If I can dream ....a big surge in the EME price on the back of some stellar Mako news so I can release funds for a trip to Graceland and Nashville and keep the remaining shares for a subsequent Topaz boom.
Posted at 12/4/2024 16:18 by safiande
Coro RNS just out confirming that they are finalising contractual arrangements with a specialist, London-based, E&P financial advisor to assist procuring a debt solution for its element of the required development capital at Mako.
Could indicate that they plan to stay in at least partially and maybe just for the first 5 - 7 years when cash flow is at its highest Does not mean that EME plan to do the same as Coro as EME still has Topaz as far as we are aware. Depending on any farm down Coro´s equity is of course higher than EME´s 8.5%.
Posted at 28/3/2024 16:28 by sharesure
Stewart, i share your frustration with this company’s Board. As for the share price I don’t think that in the run-up to the tye and possibly shareholders selling and then re-purchasing in their share ISA anyone can read too much into the movements in the share price over the next fortnight or so.
I doubt that the company won’t pursue the missing money when they can - I think that they will only justify that expenditure when they have the legal funds available (in case they lose or cannot recover all of their costs) maybe its a 4 to 1 bet although if it was lost to a Singapore based fraud I would have thought their government would have been keen to help, knowing that their declared aim of becoming the second biggest financial market won't be helped by frauds like this.
Empyrean Energy share price data is direct from the London Stock Exchange

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