Empyrean Energy Share Discussion Threads

[jamesiebabie] 27/1/2022 14:17

CORO on the move? Sure looks like it.

[digger2779] 27/1/2022 14:05

CORO on the move up.

[stewart4990] 27/1/2022 13:43

Safi,

Ah right FID June, any thoughts then on when the GSA's will be signed and RNS'd it would certainly boost the current price ahead of Jade !!!

I thought you would remember, thanks for that

[safiande] 27/1/2022 13:22

"...anything on Duyung. I seem to remember Safi saying something about a year ago about being signed June 2022,....."

-------------------------

Stew,

June 2022 is the planned FID " Final investment Decision " which is essentially the planned go ahead for development. A number of straight forward development concepts are under consideration including leasing of processing facilities from Medco which will substantially reduce capex. This was referred to briefly by Mark Hood Coro CEO on 19 Jan 2022.
Previously Pete Christie Coro CFO mentioned POD/ GSA by mid year 2021 & Hood subsequently mentioned signature by year end 2021. EME confirmed that the revised POD was approved in Sep 2021. Hood is presenting at " Shares " on 10 Feb 2022 probably with a new Coro Q1 2022 presentation.
At least x 2 export GSAs are lined up with Singapore regional buyers who pay top dollar compared to the Indonesian host government, who are entitlled to 25% of total production.
Toon mentioned in the past that Tom is not interested in Duyung production as a result of Sugarloaf. This might have changed as Duyung is regarded as a cash cow with low capex. In any event EME has a while to decide, as first production is not due until mid 2024, which has recently slipped from the start of 2024.
In the meantime post FID in June, EME might well participate in the 5 - 6 development wells planned in 2022 / 23. The first financial reference point will be the signed GSAs, after which the asset is likely to greatly increase in value particularly during the period from June 2022 to say Dec 2023.

[blueblood] 27/1/2022 12:52

All well and good but we need to be producing something to sell or trying up development funding. I know most things are out of TKs hands but really hope is is putting pressure on to get moving!

[blakieboy7] 27/1/2022 11:19

Brent crude has just breached 90 USD

[blueblood] 27/1/2022 11:07

Maybe Gaz meant Easter Day not Xmas Day for spud :-(

[stewart4990] 27/1/2022 10:53

Jemjem,

Thanks for that.

[jemjem] 27/1/2022 10:47

stewart.
The drilling window is, I believe, generally considered as November through to May. Whether it is beginning or end of May depends on the weather.
Imo

[stewart4990] 27/1/2022 10:40

What is the window for drilling was it to end of March 2022, note I quoted the year, its like groundhog day, anything on Duyung, I seem to remember Safi saying something about a year ago about being signed June 2022, perhaps I got that wrong.

[seavista] 27/1/2022 10:16

James, I think you are correct

[abergele] 27/1/2022 10:09

well said Blakieboy,,,gl all,lth's

[blakieboy7] 27/1/2022 10:01

I much prefer to see JB's pictures than in-house bickering!!

[currypasty] 27/1/2022 09:59

the price action is directly proportional to the number of pictures posted by jamesie

[seavista] 27/1/2022 09:53

Its a La Nina year. (N/E monsoon strengthens). Gale warning for the Taiwan Straight atm.

[birotop] 27/1/2022 09:49

That statement could be in the next RNS..

[nametrade] 27/1/2022 09:43

Jamesie, looks like its lost...:-)

Perhaps its searching for TK....maybe he took up paddle boarding and got into trouble...

[blueblood] 27/1/2022 09:42

C'mon TK tell us if the survey is underway and save JBs time and money lol!

[jamesiebabie] 27/1/2022 09:37

For anyone following vessels; here's one to keep an eye on.

HAI YANG SHI YOU 721
IMO:9714525

Owned by COSL and is not far away. It's the same as 708, a survey ship.

It's been in the area.

[bluehooperman] 27/1/2022 08:18

Tick up on the cards!!

[smackeraim] 27/1/2022 08:09

Early buying again

[blakieboy7] 27/1/2022 01:27

One to ignore - DB profile created 6 days ago

[diarybeach] 26/1/2022 22:14

Anyone know the figure for the fraud?

I was thinking of having a punt here but that isn’t great news.