Empyrean Energy Share Discussion Threads

[nametrade] 11/3/2022 08:08

EME should be a bus company..:)

[judijudi] 11/3/2022 08:06

Just need Duyung now and our $2 mill back 🤞🤞and we are on a proper roll

[daler1966] 11/3/2022 08:04

Great news, wide spread?

[blakieboy7] 11/3/2022 08:02

Great move by TK to release SETS news just before

[blakieboy7] 11/3/2022 08:02

We are moving baby!!

[pb01] 11/3/2022 08:01

Waited a hell of a long time for this to happen. Finally all coming together. Expecting a blue day.

[judijudi] 11/3/2022 07:58

Nice one Tom and Gaz 👏👏

[blakieboy7] 11/3/2022 07:56

Let the PR begin!!

[bluehooperman] 11/3/2022 07:54

CNOOC has created a slot for Empyrean to drill the Jade well in it's schedule, immediately following the well currently being drilled using NH9. I like the bit "CNOOG has created a Slot"

[whipsawtom] 11/3/2022 07:54

It’s definitely worth a punt now!!!

[oilforex] 11/3/2022 07:53

OMG,OMG, OMG! It just got real.

[blakieboy7] 11/3/2022 07:49

Empyrean CEO, Tom Kelly, stated:"After nearly 6 years of early stage exploration, including modern 3D seismic and rigorous geological studies we are finally ready to drill the exciting Jade well. We are literally weeks away from testing the 225-395 mmbbl light oil target at Jade. In terms of impact - and by that I mean the potential impact a discovery, within the 225-395 mmbbl range, would have in the success case upon our current market capitalisation - Jade is one of the most exciting wells to be drilled globally in 2022. The challenges that have been overcome in order to get to this stage and be ready to drill are many and this achievement is a credit to Empyrean's small team and a great reflection of the excellent teamwork, expertise, professionalism and cooperation carried out between the Company, its partner CNOOC, and its technical service providers CNOOC EnerTech and COSL. We are particularly appreciative of CNOOC facilitating a rig slot for Empyrean to drill Jade using the NH9 rig. Every effort and precaution is being taken to drill the Jade well safely. We now need to let the drill bit do the talking! We look forward to providing our shareholders with further updates as we get even closer to spudding the exciting Jade well."

[bluehooperman] 11/3/2022 07:49

Empyrean CEO, Tom Kelly, stated:"After nearly 6 years of early stage exploration, including modern 3D seismic and rigorous geological studies we are finally ready to drill the exciting Jade well. We are literally weeks away from testing the 225-395 mmbbl light oil target at Jade. In terms of impact - and by that I mean the potential impact a discovery, within the 225-395 mmbbl range, would have in the success case upon our current market capitalisation - Jade is one of the most exciting wells to be drilled globally in 2022. The challenges that have been overcome in order to get to this stage and be ready to drill are many and this achievement is a credit to Empyrean's small team and a great reflection of the excellent teamwork, expertise, professionalism and cooperation carried out between the Company, its partner CNOOC, and its technical service providers CNOOC EnerTech and COSL. We are particularly appreciative of CNOOC facilitating a rig slot for Empyrean to drill Jade using the NH9 rig. Every effort and precaution is being taken to drill the Jade well safely. We now need to let the drill bit do the talking! We look forward to providing our shareholders with further updates as we get even closer to spudding the exciting Jade well

[blakieboy7] 11/3/2022 07:48

HIGHLIGHTS-- Empyrean has secured the China Oilfield Services Limited ("COSL") owned NH9 drill rig for drilling the Jade well-- NH9 is currently being used to drill a well for China National Offshore Oil Company ("CNOOC")-- COSL will drill the Jade well immediately following completion of operations at the current CNOOC well-- Empyrean anticipates that NH9 will become available by the end of March if the current well does not encounter testable hydrocarbons or approximately 2 weeks later if a testing program is required-- Following a safety inspection, there would be approximately 2 days mobilisation to the Jade well location from the current CNOOC well location-- At this stage Jade will spud early April or mid April depending on results of the current CNOOC well

[mike the golfer] 11/3/2022 07:48

Just what shareholders wanted, a clear and concise timetable of events leading up to drilling. Well done Tom!

[nithbank] 11/3/2022 07:45

We are literally weeks away from testing the 225-395 mmbbl light oil target at Jade. In terms of impact - and by that I mean the potential impact a discovery, within the 225-395 mmbbl range, would have in the success case upon our current market capitalisation - Jade is one of the most exciting wells to be drilled globally in 2022.

[the donald] 11/3/2022 07:45

It's happening!

[bluehooperman] 11/3/2022 07:44

Oh YES :-))

[starzerus] 11/3/2022 02:27

From OE digital

Sorry if it didnt copy correctly.

Empyrean Energy, a company gearing up to start drilling at its Jade prospect, offshore China, said Monday that China Oilfield Services Limited ("COSL") had successfully completed the well site survey required over the Jade Prospect drilling location, and that the company was in further talks to finalize drilling rig availability and an anticipated spud date for the well.

Empyrean is the operator of offshore Block 29/11 in China, containing the Jade prospect, and has 100% working interest during the exploration phase. In the event of a commercial discovery, its partner, China National Offshore Oil Company ("CNOOC"), may assume a 51% participating interest in the development and production phase.

Announcing the completion of the well site survey, Empyrean said:"After a sustained period of unsuitable weather, extremely pleased to confirm that the COSL survey team has taken advantage of a small operable weather window and has successfully completed the well site survey at the Jade Prospect. The survey included a number of gravity samples and an analogue survey over the Jade Prospect drill location and rig anchoring points."

"While the Company awaited suitable weather conditions over the past months the CNOOC EnerTech team has been working efficiently and has secured seven of the eight critical pre-drilling permits. With the completion of the well site survey the Company can now quickly lodge the application for the final permit to drill the Jade Prospect."

Empyrean is now in discussions to confirm a final drill rig slot using the COSL owned NH9 rig that is currently drilling a well for CNOOC in the region and expects to announce the targeted spud date for the Jade Prospect well as soon as these negotiations complete and scheduling becomes clear, the company said.

"Early discussions with both COSL and CNOOC regarding a drilling slot using the NH9 rig, which is currently drilling a well for CNOOC in the region, have been positive and an update on scheduling is expected shortly," Empyrean said.

NH9 (Nanhai 9) is a semi-submersible drilling rig that entered service in 1988. It is capable of drilling in a water depth of up to 5300 feet (1615 meters).

World class prospect

According to Empyrean, the drilling campaign is targeting "a world class" conventional oil target in the Jade Prospect, to which Gaffney Cline & Associates ("GCA") assigned a Geological Chance of Success ("GCoS") of 32%. Subsequent to this independent assessment, Empyrean completed a gas cloud study and post-stack seismic inversion study that it believes further mitigates risk and increases the GCoS to 41%.

The Jade Prospect has a GCA audited mean in place potential of 225 MMbbl and a P10 in place upside of 395 MMbbl. Four recent nearby discoveries by CNOOC immediately to the West of the Jade Prospect are filled to their P10 potential or better. All four CNOOC discoveries have gas clouds showing in the overburden on seismic.

The Jade Prospect is the first of the three identified prospects within Block 29/11, which also contains the Topaz and Pearl prospects. The combined audited mean in place potential of all three prospects is 884 MMbbl and a P10 in place upside of 1,588 MMbbl, Empyrean said

[wcj] 10/3/2022 16:07

Which brokers offer DMA?

[judijudi] 10/3/2022 13:43

GSA on Duyung
Confirmed spud date within this drilling season
Then loads of PR
Would do for starters