Empyrean Energy Share Discussion Threads

[jamesiebabie] 18/3/2022 08:24

Rig is still on location. I've noticed for the last 36 hrs that a vessel named De Xun [support vessel] has been alongside it. Just an observation and nothing should be read into it.

Do we have any offshore rig workers on here? If so, when testing, what happens with all the fluids? Do they go into tote tanks or go into another vessel? I'm interested.

[abergele] 18/3/2022 08:21

Ist small trade looks def. a sell,
but 2nd trade a buy,,IMHO,,at 8.18p,,x 60k+.in sell column.
g.l.to all..

[kiplig] 18/3/2022 07:26

Align is a research product that the company pays for, so important to bear this in mind

[smackeraim] 17/3/2022 22:34

Holding up around 8p ish level. Probably another attempt at the highs over next few days.

[starzerus] 17/3/2022 16:58

Glad to see the share price more stable and understandable since we joined SETS. Lol:-)

[safiande] 17/3/2022 16:14

ALIGN research note for general info.

[safiande] 17/3/2022 16:14

Gaz stated in his interview that two HOAs were signed last year with two buyers ( probably Sembcorp & one other regional buyer ) and that a binding GSA signature with one of the buyers was expected in a fortnight to a month. So at least one further GSA will be due thereafter with the second buyer. These are presumably the export sales contracts at top notch prices and exclude any Domestic Production Obligation ( DMO ) )sales volumes with the host Government in Jakarta. The DMO is likely to feature in the upgraded POD, targeted for agreement in Q1 as per Coro.

[daar] 17/3/2022 16:10

7p should be a good entry!!

[michmcd] 17/3/2022 15:52

My initial estimates for Indo were about $28m. That was over a year ago. Be nice to see this (in the event of a sale - which does seem to be being suggested) be increased by recent market changes.

[stewart4990] 17/3/2022 15:50

Safi,

Many thanks for the above, well either way a weeks gone so maximum 3 weeks then.

[safiande] 17/3/2022 15:42

Stew,

Gaz mentioned 2 - 4 weeks for GSA. Not just 2 weeks. Mark Hood Coro stated earlier today that he was aware of other PSC statements recently. He stated GSA " in next short period. Say 1 month. " Video below.
Gaz also mentioned that there was a market release on signature of HOAs last year. Not so tmk, but it is in the public domain via an ALIGN research note in Jan.

"It looks as though 2022 will firmly see Duyung back on investor’s radar. 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 Heads of Agreement with gas buyers in Singapore."

It is almost two years since the last Conrad resource estimate in Apr 2020 & the higher GCA audit figure of 495BCF mid & 807BCF high in May 2020, so maybe Conrad will have higher resource figures to release as part of the execution of the GSAs taking into account inter alia any greater single tank reservoir.

[craig2016] 17/3/2022 14:45

Our drill rig is fully crewed up drilling for CNOOC close to our location, on completion it moves straight to Jade.

I was very pleased to learn of this from Gaz's interview

When a completely new crew mobilise for a drill it often causes delays whilst competencies are brought up to date, and they're put on COSL permit systems etc.

This should help contribute to an efficient drilling campaign at Jade.

[jemjem] 17/3/2022 14:25

Cenkos put out a "holding note" with their weekly o&g report on Monday. I believe they are working on a full note to be released soon.

Empyrean Energy BUY (EME.L, 7.55p, £48m) COSL 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. With the completion of the well site survey, the Company can now quickly lodge the application of the final permit to drill the Jade prospect. Following the completion of the well site survey over the Jade well location, Empyrean has announced that the NH9 drilling rig is anticipated to become available late March or mid-April depending on whether the rig’s current operations encounter testable hydrocarbons. It is currently envisaged that the NH9 rig will be mobilised straight to the Jade well location from its current position without the need to go back to port. From the spud date, now anticipated to be early April to mid-April, the Jade well is anticipated to take 26 days to drill to TD. There are no overly challenging drilling zones anticipated with the Jade well design and program. If the Jade well intercepts a hydrocarbon zone as anticipated, then testing is planned to take approximately a further two weeks. The Jade exploration well is targeting 225mmbbls of Pmean oil resources (P10: 395mmbbls), with Empyrean assigning the well a 41% geological chance of success. The Jade prospect is the first of three identified prospects in Block 29/11, with a combined audited mean in place potential of 884mmbbls and a P10 in place upside of 1,588mmbbls. Empyrean Energy.

[judijudi] 17/3/2022 13:51

🤣😂

[buzzzzzzzz] 17/3/2022 13:26

Mark Hood on proactive has said Duyung 1 month so CORO and EME singing from same hymn sheet.

Hope they are right.

[blakieboy7] 17/3/2022 13:26

Nav do you have a source you can share?

[nav1000] 17/3/2022 13:24

Judi I think they have found oil, the same team will be drilling jade.

[blakieboy7] 17/3/2022 13:16

Well those bargains didn't last long

[currypasty] 17/3/2022 13:15

UJO/RBD has made my account look a lot better, so ive just added 100k EME hope im on a roll!

[thetoonarmy2] 17/3/2022 13:13

Curry don't think so at least I hope it's not anyway we all happier with Reabold and UJO planning appeal news today

[blakieboy7] 17/3/2022 12:56

2 x sells of 1 share?!

[bskiny1] 17/3/2022 12:49

I would have thought after the Xmas remark he would have thought careful about the next prediction...GLA

[currypasty] 17/3/2022 12:45

Is the 2-4 weeks on Duyung a wisecrack then ?