Empyrean Energy Share Discussion Threads

[michaelhfrancis] 12/1/2022 12:38

Iam told the average risk is 1 drill out of 7 is a success tom stated the the risk of this is 41 per cent in favour this is a huge difference to 1 in 7 happy days my glass is all ways half full GLA DYOR

[hang ten] 12/1/2022 12:35

Investing/Drilling Duyung was also high risk reward ... wish we had doubled our stake now ! Also I may add this success with (the extent of which yet to be announced) of Duyung underpins EME - which further mitigates any risk in Jade Drill ... DYOR GLA

[judijudi] 12/1/2022 11:52

The odds aren’t stacked in our favour
We have a 30ish% GCOS (40ish% if you go off our own research)
Then factor in any potential drilling/testing issues
This is still a high risk v high reward drill

[michaelhfrancis] 12/1/2022 11:19

John paul getty the riches and most success full oil explorer in the world said the only way two to find oil is to drill where its all ready found TOM and Gaz have the right formula the odds are stacked in our favour me thinks the CHINEES are allready pumping oil out in this area so its onwards and upwards GLA DYOR

[michmcd] 12/1/2022 10:47

lol seavista.
We are all here to make money - whether that by being invested in Eme and hoping for oil from the play. Or, those here to disrupt and short the share to make 50pence from a trade. I'm in the first category. Risk vs reward is huge. O&G is never without risk and frustration and Tom certainly hasnt played a blinder over the last quarter. But the numbers are staggering if this comes off.

[seavista] 12/1/2022 10:39

Helpfull you make the assertion that only idiots make predictions and then go on to make one...in your case it certainly appears to be so

[hang ten] 12/1/2022 10:24

Just saying ...

[hang ten] 12/1/2022 10:24

Historically every time Colin came on spouting his drivil the share price increased ! Just an observation on my behalf... might be totaly coincidental ... No need to discuss

[coiin stein] 12/1/2022 10:07

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[helpfull] 12/1/2022 09:57

Tickety Tock! Strange things predictions. They are so unpredictable.

Wasn't Duyung supposed sold by now? After the GSA's were announced? Wasn't the cost of the Jade drill supposed to be met by a loan on the back of the Duyung asset so no share dilution was needed? Wasn't the cost of the Jade drill to be met by the exercise of 12p warrants as the share price moved upwards pre-drill? Aren't the costs of the testing to be met by the exercise of warrants at 18p and 24p as the share price rises after Jade success? Wasn't the Jade well supposed to be spudded mid-December? Or on my beloved Christmas day? Or last week? Maybe two weeks time? Perhaps it has already been drilled and shareholders can look forward to heavenly rewards?

Only idiots make predictions. Here is mine. The share price will be a lot higher and a lot lower than it is today before the result of the Jade drill is known.

Be careful.

[michmcd] 12/1/2022 09:50

upwego, confirming oil at fill to spill at Jade would typically be worth upwards of $5 per barrel. Not only that, but it significantly de-risks topaz too.
Jade circa 49% is 195bs - so value of $1b in the ground.
Surely it also means Topaz pre drilling has a value of $1 to $3 in the ground.

Huge potential here with a successful drill.

[bluehooperman] 12/1/2022 09:12

Welcome upwego I would expect the well to be spudded early February if the site survey gets done in the next weekPrice wise, who knows, hopefully when drilling starts, could be 10p. If we hit oil, the skies the limit!!!Aimho :-))

[upwego] 12/1/2022 09:06

If the Jade prospect hit the estimated target of liquids what could we expect the share price to move to?

I`m new and just trying to get a little more information?

TIA

[upwego] 12/1/2022 09:03

Any rough idea when this well will be spudded?

TIA

[buzzzzzzzz] 12/1/2022 08:55

Laz

Yes my bad, it's the other way round.

I have corrected my post with the relevant para from the RNS.

[lazarus2010] 12/1/2022 08:52

Buzzzzz...not read it in detail, but wouldn't the option be the other way around ie we need to pay them back in cash BUT they have the option to take shares at 8p...and if the share price is above 8p then they make a Brucey Bonus on top of the option for interest and capital repayment.

Edit...exactly!

[lazarus2010] 12/1/2022 08:50

smacker...what if the share price is below 8p?

[buzzzzzzzz] 12/1/2022 08:49

Smackerain

I think there is an option to pay back in cash.

Otherwise why would Duyung be held as collateral?

""In conjunction with the Placing, the Company has entered into a Convertible Loan Note Agreement with a Melbourne-based investment fund (the "Lender"), pursuant to which the Company has issued a convertible loan note to the Lender and has received gross proceeds of GBP4.0 million (the "Convertible Note"). The Convertible Note has a maturity date of 16 December 2022 and the Lender can elect to convert all or part of the principal amount of the Convertible Note into fully paid ordinary shares in the Company at any time prior to maturity at a conversion price of 8.0p per share. The Convertible Note bears interest at a rate of 10% per annum and is secured by a senior first ranking charge over the Company, including it's 8.5% interest in the Duyung PSC and Mako Gas Field.""

So has to be paid back by 16th Dec with interest or lender can elect to take shares!!

[lazarus2010] 12/1/2022 08:48

caaalm down caaalm down guys, let's keep it friendly ;-)

nametrade...not sure which post you're referring to, but no, not t-i-c at all.

[smackeraim] 12/1/2022 08:47

What loan payback? It's a convertible. It gets paid back in shares at 8p.

[linz22] 12/1/2022 08:40

I think, maybe, it was just a bit tongue in cheek..?

[birotop] 12/1/2022 08:34

Lol….😝

[buzzzzzzzz] 12/1/2022 08:33

Lowsulpher

You want to say that to my face?

It can be arranged!

[judijudi] 12/1/2022 08:06

Anyway it’s not going to be a duster is it 🤷‍a94;️🤞🤞