Empyrean Energy Share Discussion Threads

[lazarus2010] 20/9/2021 08:20

make that 6.9 on verrrrrry low volume

[lazarus2010] 20/9/2021 08:19

Looks like it is...6.8 on the bid now

[blakieboy7] 20/9/2021 07:53

Blue Monday anyone?! Morning all

[blueblood] 19/9/2021 20:57

GJ & HP to form new dream team. Both like to talk a lot if absolute shyte....

[jemjem] 19/9/2021 14:31

Late on Friday, Union Jack Oil said they were considering one - if that helps you.

[daler1966] 19/9/2021 13:30

Can anyone tell me any potential fundraise in near future,thanks

[lazarus2010] 19/9/2021 12:29

Let's not pat ourselves on the back too soon Abergele, still need to drill the well and prove the oil and nothing is certain until then. Just make sure you don't have all your eggs in Tom's basket!!

[abergele] 18/9/2021 22:12

Well done all with diagnosis of all options, shareprice forcasts etc,,
plus well done all us/the LTH's,you know who you are,,
nice to see "susiebe, here still,,another lth.
exciting times ahead I feel,,still holding and not sold a jot.
Just accumulating more,,gl all..

[lazarus2010] 18/9/2021 20:56

I would think we would drill Topaz and if that were to be successful then why not drill Pearl, as it it's the biggest of the three and if Jade and Topaz were successful the money needed to drill Pearl shouldn't be a problem!

[stewart4990] 18/9/2021 12:54

Laz,Thanks for that, of course if Jade hits this would have a knock on effect for Topaz and indeed Pearl, what the price if we include a factor for Topaz and Pearl. If we hit I think we will drill Topaz however perhaps we may simply sell China before we drill Topaz, either way large share price In my view

[lazarus2010] 18/9/2021 12:03

Schlum..

My bofp calcs on Jade value

Lazarus2010 - 27 Aug 2021 - 08:51:00 - 40014 of 40667
Valuation In the event of a successful discovery at Jade our risked valuation of the Pmean resources at the Jade prospect would increase from 9.9p to an estimated c.41.8p. Fully unrisked (the point at which there is 0% risk of the field entering commercial production) our valuation increases to an estimated 83.7p.
As identified above, there is a distinct possibility that Jade could be “filled to spill�; and therefore close to the P10 oil in place number of 395mmboe. Using the P10 oil in-place volume we value a commercial discovery at Jade at an estimated c.67.8p, increasing to an estimated c.135.7p unrisked.
--------------------------------------------------------------------------------------
discovery risked Pmean = 41.8p
discovery unrisked Pmean= 83.7p
fill to spill Pmean = 135.7p

Let's say we need £15mln extra to drill jade and the cash had to be raised at 6pps for arguments sake. This = an extra 250mln shares which is close to 50% of current shares issued (480mln ish) which means dilution of 50% (or is it 33% doh?)

from the above

41.8p x 480mln = £200,640,000 divided by 730mln shares = 27.5pps
83.7p = £401mln/730mln = 55p
135.7p = £651mln/730mln = 89p

I'm quite prepared to accept a bit of dilution if it takes the risked price to 27.5pps. Of course to get to the unrisked valuations would need a bit more cash to do the next 2 wells but hopefully we would have the Duyung cash by November 2022!!

aimho
dyor
nai

[thetoonarmy2] 18/9/2021 11:10

Blaikieboy. Be careful what you wish for mate I agree the price will be substantially better now and Tom's hands are tied to Conrad getting the GSA signed off. Sometimes a bird in the hand is worth 2 in the bush:):) you remember when we were selling sugarloaf oil was at $100 at the start but Tom's hands were tied because of those muppets at Macquarie and the timeframe of so called Data Room? what was it when we sold $28/$30. For me mate quicker a deal can be done the better I accept even it was sold now we wouldn't get money in time for China drill but I like the idea of a bird in the hand.

[susiebe] 18/9/2021 08:49

Exciting time coming up. Been holding here for years but always believed it will be worth the wait.

[blakieboy7] 18/9/2021 08:39

I'm glad Duyung is delayed. We'd be up in arms if they'd signed a deal off earlier this year and subsequently saw gas prices climb a lot higher. This delay is an absolute blessing, even if fortuitous

[dafrog] 18/9/2021 07:52

Recall at AGM a few years ago Gaz said afterwards in the pub, that the Indonesians were very short of gas supplies and needed it deperately. The pipelines are there. Why nothing happening?

[judijudi] 18/9/2021 07:02

Looks like we’re are on our way Boys n Girls 🤞🤞

[pb01] 17/9/2021 22:17

Share price is looking great. Some nice continued buying today. Bring on next week.

[blakieboy7] 17/9/2021 19:06

I don't want to wish the weekend away but buzzing for next week! Good weekend all

[thetoonarmy2] 17/9/2021 19:06

I would have thought circa £1.5/£2.0 on jade but of course if it only produces 200 bbl per day say then 50p if we lucky 4000 bbl a day then more then £2 it's in the lap of the gods If Topaz comes in ask Stewart he did some figures which are frightening:):) hopefully nice rise into AGM maybe even a little RNs :)

[jemjem] 17/9/2021 18:33

If you're in for the full ride then north of £1 if it lives up to full expectations. The fun part is that success on Jade hugely derisks Topaz and then you're talking seriously big numbers.Imo.

[schlumberger74] 17/9/2021 18:08

So what price can this share realistically hit post a successful drill of jade ?

[blueblood] 17/9/2021 16:45

A good update on Duyung could catapult us into warrant territory and fund China. Hope TK is piling pressure on Conrad for update...

[digger2779] 17/9/2021 16:34

The silence of the lambs lol

[blakieboy7] 17/9/2021 16:31

Good end to the day!