Empyrean Energy Share Discussion Threads

[judijudi] 03/1/2022 17:55

Would be nice to get a 7am rns on Duyung tomorrow and then another following on later this week about Jade (or of course vice versa)

[jemjem] 03/1/2022 13:09

Hainan to Taiwan is getting on for 1000km and Jade is roughly in the middle of a straight line between the two.
My sole point from your original post was that you seemed to be basing your concern there could be a problem if the survey was not up and running, on weather conditions about 2000km from the drill site (somewhere near Singapore). Imo, the weather that far away has no bearing.

The link below is to the maps I have been watching for the past 8 weeks. The grey mass is mainland China with Taiwan as the small grey blob near the centre and Hainan down a bit to the left. Hong Kong therefore, is on the coast between the two. From that you can work out where Jade is.
The location is correct, but is the "wave height" that they quote for the next week correct? Is "wave height" of 2 or 3 metres the same as "swell" of 2 or 3 metres? I don't know.
If you click on "slower" - it helps to see what is going on. On the map, we want blues and greens for our location - not yellow and red.

I'm just content in the knowledge that the current weather is very "unseasonal" and eventually it will improve, the survey will be done and Jade will spud. Also I accept that the locals know the weather conditions far better than any map will show and the ship is ready at a moments notice to start the survey.

[judijudi] 03/1/2022 12:35

And how many km North East of Hainan?

[jemjem] 03/1/2022 11:27

That's correct. Jade also about 500km SW of Taiwan.

[judijudi] 03/1/2022 11:06

JJ,
Jade is approx 200km South East of Hong Kong
Doesn’t look to bad to me 🤷‍♂;️
bwtfdik

[jemjem] 03/1/2022 10:38

Jj.
Unless I misread that link, then those readings are about 2000km away from the drill site and in calm waters just 25km off the coast of Singapore?
The survey will be done as soon as there is an appropriate 4/5 day window. I wouldn't expect an announcement yet. I believe there is a ship on standby to do the survey, so everything is ready for that window.
Imo

[bobdobalina] 03/1/2022 10:38

JJ
Depends which weather site you look at 🤦‍a94;️🤞🤞🤞

[stewart4990] 03/1/2022 09:26

JJ,Happy New Year, agree swell looks to be no more than 1 metre so no reason to not have done it.

[judijudi] 03/1/2022 09:03

HNY all

Based on the below I will be extremely disappointed and a tad concerned if we do not get confirmation that the survey is up and running

[starzerus] 02/1/2022 09:03

A Happy and prosperous New Year everyone.

[currypasty] 31/12/2021 12:41

1.1 m trade. Anyone on here?

[judijudi] 31/12/2021 11:58

Let’s hope so because it’s a damp squib of an end to this one

[bengal1] 31/12/2021 10:44

Should be a very good start to the year.

[lowsulpher1] 31/12/2021 10:12

Hi Judijudi hopefully all smiling with lots of money in all our bank accounts and hip pockets good luck to all shareholders for 2022 this could be our year,with DUYUNG sold and a successfully drilling campaign in China,HAPPY NEW YEAR TO ALL LONGSUFFERING SHAREHOLDERS.

[bengal1] 30/12/2021 20:06

Culmination of 5 years work shortly to be realised.

[the donald] 30/12/2021 16:01

Stewart, agree. Both under the radar atm. It removes the risk of drilling failure with EME and Coro valuation on Duyung alone less debt makes no sense. We should see a rapid rise on news as both shares tightly held. The placing here could be sold into but both stocks should be valued a lot higher imo.

[bskiny1] 30/12/2021 15:36

Would I be correct is saying there could still be a fair bit of overhang from the placing....B..GLA

[stewart4990] 30/12/2021 15:28

Safi,

Thanks for your recent post, rather puzzled as to why Coro and indeed eme is not flying as yet with Duyung.

I have read the your recent post and whilst there is no specific time to release news from Conrad regarding Duyung I think you said it could be this week, not sure if the post today states that but either way we must be very close and hence Coro and eme should be much higher, any comments on that or indeed from others.

So one of the major projects in S E Asia as well as one of the biggest in Natuna sea, that is some comment.

[blocker2] 30/12/2021 15:01

Thanks Safiande.Appreciate your input.

[bengal1] 30/12/2021 14:25

Crafty MMs. Nice try.

[segaris] 30/12/2021 14:19

Chunky buys showing as sells is always a good sign Imho

[bengal1] 30/12/2021 14:03

Nothing much available... Hunkered down for benefits realisation.

[safiande] 30/12/2021 14:02

Report today listing Mako as one of the major projects in SE Asia to be approved in 2022, so Mako is no longer regarded as one of the biggest projects in the West Natuna sea only it seems.

Additioally " Global Data " recently reported the following revised metrics for Mako namely:-

- 2C mid case of 540.37Bcf ( 90.06 Mmboe )compared to 495Bcf from GCA in May 2020.
- Plateau production of approximately 157 Mmcfd of natural gas.
- Economic life of the field until 2051.


From today´s report:-

"Southeast Asia will lead other regions in having the largest share of new deepwater gas and condensate developments taking a final investment decision (FID) between 2022 and 2025, research from Rystad Energy shows. Significantly, around $25 billion is expected to be spent on greenfield deepwater developments in the region from 2021-2025, up from $2 billion over the prior five-year term.
In terms of offshore shelf resources expected to be sanctioned from 2022-25, Southeast Asia is second to the Middle East with over 3.5 billion boe of resources set for FID. Malaysia will be responsible for nearly 50% of this share followed by Indonesia and Vietnam."

"Other major projects include the SapuraOMV’s B14 project in Malaysia, Petronas’ K5 and Kasawari Phase 2 projects in Malaysia, Conrad Petroleum’s Mako project in Indonesia and BP’s Vorwata in Indonesia."

[smackeraim] 30/12/2021 14:00

Placing churn is clearing now imo