Empyrean Energy Share Discussion Threads

[chris0805] 27/3/2022 13:03

Pro has barred me from posting on his self promoting threads... I posted on here to make any unaware posters here of his antics.

[jamesiebabie] 27/3/2022 13:02

pacman - The rig could be on the move; no AIS signal for over 10 hours.

It'll happen when it happens. Confirmation will come in time.

[buzzzzzzzz] 27/3/2022 12:55

Chris are you talking about Pro?

I think you have posted on the wrong EME thread.

[blakieboy7] 27/3/2022 12:12

Eme gets a mention here 41 mins in - hTtps://audioboom.com/posts/8054751-the-sunday-roast-featuring-julian-wheatland-ceo-of-cornerstone-fs-aim-csfs

[blueblood] 27/3/2022 12:12

Hopefully see move up towards 15p by end of week given we might have spudded this time next week!

[chris0805] 27/3/2022 11:46

Another of your new self agenda threads.... Start off like you are doing the whole BB a favour, then bombard the new BB with your usual low moral low ethic BSWell done. The good readers and contributors to this BB will see through your BS in good time I am sure.

[ride daice] 27/3/2022 11:46

Jade is going to be like climbing El Capitan with Duyung providing the protection.

[blakieboy7] 27/3/2022 10:56

Agreed JJ that did make me laugh! Maybe the waccy baccy is to blame?! Noobie doobie??

[judijudi] 27/3/2022 10:36

blakie,
He also thinks Duyung Mako and Tambak are separate plays 😂🤣

“The proven resources at Duyung mako and tambak are reasons enough to underpin the fundamentals so jade is just a bonus”

[pacman9] 27/3/2022 10:30

The rig also sent an voyage update yesterday I believe at 19:47 UTC

[judijudi] 27/3/2022 10:14

blakie,
😂🤣

[bskiny1] 27/3/2022 10:12

2 days to get on site 2-3 days to anchor and set up.....must be moving soon...GLA

[blakieboy7] 27/3/2022 10:02

JJ - "Jade is a bonus" :D good grief

[10owen] 27/3/2022 09:56

Thanks Jamesie.

[jamesiebabie] 27/3/2022 09:52

No movement, yet, Owen but it has been sent no signal for 7 hrs.

[10owen] 27/3/2022 09:32

Any sign of the drilling rig on location yet Jamesie.Exciting times at last.Lets just hope this is the one.Gla.

[judijudi] 27/3/2022 09:29

noobie is talking shyte
Open your Eyes Chaps
3 days ago he had purchased 1/4 of his planned buys
He’s a romancer who’s after attention
And he didn’t originally think there were risks involved in drilling 🤣😂


noobiedoobie - 24 Mar 2022 - 04:24:14 - 46356 of 46507 EME - Post Sale of Sugarloaf Asset - EME
As stated previously, to take into account the drilling risks I have reduced total to buy to 40% of what I was originally planning to buy. However I have so far bought only about a quarter of this reduced allocation since October last year, and price has moved 50% already. Looking forward to acquiring the remainder of my reduced allocation! The proven resources at Duyung mako and tambak are reasons enough to underpin the fundamentals so jade is just a bonus

[soggy] 27/3/2022 07:02

Congratulations - plan your trades and trade your plan, as they say. Presumably you have a target price before you reach that holding...?

[noobiedoobie] 27/3/2022 06:35

I have a target number of shares I want to acquire. So far accumulated 7.2% of that total. I have to reach my target regular buying before I sell otherwise what's the point? (Rhetorical).each buy is within budget so no emotional buys happening.

Buying and holding has supported about 100% move up. Will be interesting to see how much higher we go as I accumulate towards target holding

[pro_s2009] 27/3/2022 02:28

Information on Mako, where EME has an 8.5% interest in the Duyong PSC.

This comes from the new website of Conrad, who hold 76.5%.

GSA with either of the 2 Singaporean entities or 1 Indonesian could happen anytime.

Conrad are looking to list on the Australian ASX. One wonders when they do so, will they buy out the 8.5% share held by EME with the additional funds raised ?




Duyung PSC and Mako Gas Field Overview

One of the largest undeveloped gas discoveries in the West Natuna Sea with key under-utilised infrastructure in place

Mako Gas Field is one continuous “single tank” of methane gas with insignificant impurities and a highly permeability reservoir with excellent productive capability

POD for Mako Gas Field approved in February 2019, converting PSC from exploration to exploitation, and extending tenure to 2037

Currently working with SKKMigas on a revised POD consistent with higher resource estimates following recent successful drilling campaign. New POD production offtake increased by >340%

Ongoing discussions with buyers in Singapore and Indonesia on gas sales agreements. Two Heads of Agreement already signed with Singapore buyers

Will shortly commence FEED work for the development of the field

Geographic location and technical aspects of resource yield high valuation metrics


Conrad holds a 76.5% operated interest in the Duyung PSC via its wholly owned subsidiary, West Natuna Exploration Limited, with the project located in the Riau Islands Province, Indonesian waters in the West Natuna area. Duyung is located approximately 100 kilometres to the north of Matak Island and about 400 kilometres northeast of Singapore.

The Duyung PSC runs until 16 January 2037 and was awarded in 2007 under the cost recovery regime, originally covering an area of 4,641 square kilometres, and after fulfilling all the relinquishments and work program commitments, the PSC now covers a final area of 927 square kilometres. In early 2019, the Duyung PSC contractor partners and the Indonesian government amended and restated the PSC under the gross split scheme.

The Duyung PSC contains the Mako Gas Field, which was discovered by Conrad through the drilling of the Mako South-1 well in 2017. A Plan of Development (POD) for the field was approved in 2018.

Subsequent appraisal drilling and testing of two wells in 2019 further delineated the gas field, resulting in the identification of additional gas resources. Conrad is currently working with the Indonesian government to revise its POD in order to accommodate greater gas volumes and attendant production rates. The Mako Gas Field has been assessed (as noted in the technical expert's report prepared by Gaffney, Cline & Associates which will be included in the prospectus) to contain full field 2C resources of 419 Bcf (100%).

Conrad is in the process of negotiating gas sales agreements with two potential gas buyers in Singapore and one potential buyer in Indonesia, with the first gas sales currently scheduled for 2025.

[blueblood] 26/3/2022 12:31

50p does it for me if I don't bottle it and derisk lol!