Empyrean Energy Share Discussion Threads

[haveapunt1] 30/3/2022 08:26

Gives more time to drop Mako news before spud! Should set us at a higher level Pre spud, so the delay isn’t a bad thing. The price is holding up well. What’s a week or two in the grand scheme of things!

[buzzzzzzzz] 30/3/2022 08:25

JudJudi

Of course the weather at sea will be a factor!

Also have you never heard of the law of Sod?

[maltby2002] 30/3/2022 08:25

Some of us have been waiting since 2006 so I don't suppose a few more days of delay will make much difference. Typical EME though

[barony] 30/3/2022 08:25

Ridiculous drop!

[judijudi] 30/3/2022 08:24

Yep your data looks to be bang on JB

[jamesiebabie] 30/3/2022 08:23

The Donald - its a fixed price contract.

Weather looks Poop for a while; I suggested as such yesterday on the Telegram bb.

[jamesiebabie] 30/3/2022 08:21

The good thing is, my data is correct and the 'en route' stuff was figurative.

I trust the data.

[the donald] 30/3/2022 08:21

This weekend or next weekend. Does it matter? Do rig costs increase or is it only once it starts to head to the drilling location the costs per day start?

[oilforex] 30/3/2022 08:21

A delay worth a near 10% drop? More like a flash sale.

[blakieboy7] 30/3/2022 08:19

Very frustrating

[noobiedoobie] 30/3/2022 08:19

Can't do much about the weather. Waiting to top up.

[judijudi] 30/3/2022 08:18

FFS
Does anything go right and on time
I was under the impression that the weather was not a factor once we had done the survey

[jamesiebabie] 30/3/2022 08:14

It'll happen when it happens and hopefully informed by RNS.

[jamesiebabie] 30/3/2022 08:09

bs - last signal I had was 12 hours ago, no movement and that was after the article Judi refers to.

It used the words 'en route', my feeling based on my data is that was figuratively speaking on its way.

I'll be happy to be proven wrong.

[judijudi] 30/3/2022 08:04

It’s moving
According to a link blakie kindly posted yesterday

[bskiny1] 30/3/2022 07:54

JB....any movement...GLA

[noobiedoobie] 30/3/2022 07:52

If rig is en route then let the mad rush to buy begin

A 'wouldnt want to be out of this over the weekend' jobby

[currypasty] 30/3/2022 07:41

Laz did the work, he's got way too much spare time on his hands..

Ill post it on coro.. could be a good day for them today, with that rns

[buzzzzzzzz] 30/3/2022 07:36

curry

Thank you for the spreadsheet.

Does anyone have a view as to which price we are likely to end up with.....a realistic one.

[honestmarty] 30/3/2022 07:30

Haveapunt

With modern seismic it is very unusual for a well not to encounter some hydrocarbons.

Logging and flow testing are what matters.

Ask our friends at 88e.

[haveapunt1] 30/3/2022 07:19

Interesting from March 25 RNS “If the Jade well intercepts a hydrocarbon zone, as anticipated, then testing is planned to take approximately a further 2 weeks”

Key word “as anticipated”

[pro_s2009] 30/3/2022 04:10

COSL rig prepares to spud Jade well offshore China

March 28, 2022

Empyrean Energy could start drilling the Jade oil prospect offshore China this weekend, depending on weather conditions.

SUBIACO, Australia – Empyrean Energy could start drilling the Jade oil prospect offshore China soon, depending on weather conditions.

China Oilfield Services Limited’s NH9 drilling rig has been preparing to mobilize to the well location in Block 29/11.

According to Empyrean, an audit by GCA assessed the prospect’s in-place potential at 225 MMbbl with upside of 395 MMbbl. CNOOC drilled four recent discoveries nearby, all of which have gas clouds showing in the overburden on seismic.

If the well delivers a commercial discovery, Empyrean’s partners CNOOC has the right to assume a 51% interest in the development and production phase.

[cmackay] 29/3/2022 19:01

Agreed, Ride. I don't know what he takes us for, I'm certainly not going to be paying attention to a spreadsheet without any aesthetic consideration.

I'm joking of course, thank you so much for sharing Curry and Safiande too for your valuable input.