Empyrean Energy Share Discussion Threads

[jemjem] 04/1/2022 15:06

bb. It's simple. There hasn't been a 4-5 day window with swell heights at drill site of less than 1.2 metres.
Imo

[blueblood] 04/1/2022 14:48

I don't understand why we haven't done well site survey during last 2 months. As long as we are drilling in this window doesn't really matter but doesn't inspire confidence for potential new investors.

[safiande] 04/1/2022 14:17

The EME Dec 2021 interims, extract below, mentions that they hope that GSA negotiations will be concluded with several interested parties in early 2022, which mirrors the rumour from Jem´s friend of at least more than one partner, other than Sembcorp in Singapore.
This of course is potentially very good news,in that as mentioned many times the current 22 year deal with Sembcorp is worth several US$ billions. The extract also mentions an independent assessment in 2021 which confirmed a significant resource upgrade at Mako. This is likely to be an error as the last upgrade was in May 2020. The initial assessment pre appraisal drilling was in Jan 2019. If it is not an error it might refer to the upgrade from GCA 2C mid case of 495Bcf to 2C of 540.37Bcf ( 90.06 Mmboe ) in the " Global Data " report in Nov 2021.

"At Duyung, gas sale agreement ("GSA") negotiations continue with several interested parties and we hope that these will be successfully concluded in early 2022. Earlier in 2021 an independent assessment confirmed a significant resource upgrade and in the process confirmed the Mako field as one of the largest gas fields ever discovered in the West Natuna Basin and one of the largest undeveloped gas resources in the immediate region." ( EME 23 Dec 2021).

The Align research conviction buy 2022 report issued on 28 Dec 2021, confirms that at least one HOA has been agreed but which includes a strange statement that export volumes won´t be known until the revised POD & the DMO " Domestic Market Obligations " are agreed. Align previously stated that the DMO is 25% of total production so it is known. Also EME has already confirmed that the revised POD was approved in Sep 2021. Mark Hood has also confirmed that another POD would only be needed if it can be verified that the Mako field extends to Medco´s patch.

"Hopefully there will soon be news on the Gas Sales Agreement (GSA) which has been the subject of many rumours, already there is in place a Heads of Agreement with ( sic )gas buyer in Singapore. This does need a better understanding of the volumes so the revised Plan of Development (PoD) needs to come first, as there may be some domestic production obligation and then the partners will have a proper understanding of the gas volumes that can be exported." ( Align 28 Dec 2021).

[wcj] 04/1/2022 13:18

Will we get to point where we post "No, TK, no more RNSs, please" because an RNS is always a prelude to a fund-raising?

[begorrah88] 04/1/2022 13:17

Jemjem'When things start to move'?!When have we ever seen a PR push? TK avoids PR like the plague unless, as mentioned earlier, he is after more money.He has had numerous opportunities to really get behind the share price but is seldom heard from.

[currypasty] 04/1/2022 13:02

a few months ago it was mentioned on here that Conrad are going for a listing. That seems to have gone quiet, is it still on the cards ?

I would guess they would wait for GSA's to be signed to get it away at a decent price, so surely in their interest to push it along now?

[jemjem] 04/1/2022 12:56

bb. Frustrating though it is for everyone, what do you think he's holding back on? We're pretty much as up to date as possible, I would say.

China - waiting on the weather for the survey and then a couple of permits, otherwise everything is ready.
Indonesia - Totally reliant on Conrad to give permission to say anything, but GSA believed to be very near.
Bank - Might be weeks to sort out, but not impacting on the ability to fund the drill when ready.

That's about it and could be updated at any time.

The only debatable point, imo, is whether it's best to do PR now while we are in limbo on everything, or save it for a bit later when things start to move.

Imo

[lowsulpher1] 04/1/2022 12:51

Blueblood your right its a new year but one full of cheer for long suffering shareholders in saying that i think its our year to make a lot of money with EME, the sale of DYUNG,fully funded for the drilling campaign in China i think this is our year at last for Shareholders.Come on Tom Kelly,get the pr machine in to action,

[blakieboy7] 04/1/2022 12:43

Irritated shareholders more like!!

[amont92051] 04/1/2022 12:42

I been fairly quietly invested for many years.

There are only two reasons why TK would communicate with the cannon fodder (us).

1/ A legal requirement forced on him.
2/ A need to raise funds.

Keep asking if you wish, he will continue to ignore the irritating shareholders.

AIMHO

[judijudi] 04/1/2022 11:54

Nice mention about EME by Elrico

[currypasty] 04/1/2022 11:43

not at pc, whats online prices ? was 200k a buy
get well soon stew, forget the alcohol, have some vit D, C, and zinc

[lazarus2010] 04/1/2022 11:42

Looks pretty clear to me that 6.1s are sells and 6.2s are buys. MMs just keeping a wide spread again!

[scaleyman] 04/1/2022 11:21

stewart, get better soon. Sounds like another perfect excuse for a bottle of scotch and a lie in, stay safe.
Blame all those damn tourists, I would !! LOL

[stewart4990] 04/1/2022 11:08

Happy New Year to all, I hope to get rich this year Duyung with eme and Coro and the big one China block.

I just did a test for Covid had been coughing yesterday and last night, felt a bit off and tested Positive, so great start to this year.

[bengal1] 04/1/2022 10:39

Sells mopped up..

[judijudi] 04/1/2022 10:32

Why do you think that blakie?

[blakieboy7] 04/1/2022 10:27

It's incredible that Eme has not moved an inch

[bengal1] 04/1/2022 10:07

News leaking?

[bengal1] 04/1/2022 09:50

CORO on the move. Time for Duyung.

[bskiny1] 04/1/2022 09:18

JJ...true nothing even on the survey....B

[currypasty] 04/1/2022 09:17

any sign of some PR / press / broker notes / Xmas tips / new year tips ?

[judijudi] 04/1/2022 09:15

blakie,
Wishful thinking on our part mate 😩
I wonder how we are getting on with the recovery of the stolen funds?
In fact I wonder how we are getting on with anything 🤷‍a94;️

[blakieboy7] 04/1/2022 07:24

I'd happily take an 8am RNS today!