Empyrean Energy Share Discussion Threads

[judijudi] 04/4/2022 16:15

I also think quite a few holders are maybe selling some of their EME holdings to buy Coro

[jemjem] 04/4/2022 13:01

Malcy's little effort..

Empyrean Energy
Empyrean has provided the following update on preparations to drill the Jade prospect at its 100% owned Block 29/11 permit, offshore China.

HIGHLIGHTS

· Drill Well On Paper meeting for operations related to the upcoming drilling of the Jade prospect conducted on 1 April 2022

· COSL has implemented stringent Covid measures for conducting safe operations

· COSL has advised that rig mobilisation operations will commence 6 April 2022

· Spudding of LH 17-2-1 well over Jade Prospect is expected within days of rig being safely anchored on well site

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

The China Offshore Services Limited drilling team invited Empyrean and CNOOC EnerTech for a ‘Drill Well On Paper” meeting on 1 April 2022. COSL has prepared a thorough and comprehensive operational plan for the Jade well operations.

Key operational points are as follows:

1. Two onshore bases have been setup for helicopter to rig transfers, to provide an alternate and manage any shutdowns due to Covid

2. Drilling mud properties optimisation process has been finalised

3. Well-defined operational team structure has been setup with clear roles and responsibilities between EME, COSL and EnerTech

4. Various drilling services (including drilling fluid, cement, log tools, shipping vessels) are ready

5. Towing and navigational warning permit, a responsibility of COSL, is in hand

6. Stringent Covid protocols and policies are in place with entire drilling crew required to have negative PCR test 48 hrs before leaving home, followed by 4 days quarantine in central facilities and, finally, will need a negative PCR test before flying to rig

With the improvement in the weather, COSL has advised that up-anchor, rig mobilisation and then operations to anchor the rig at Jade will commence 6 April 2022. Safety protocols require sea conditions to be a 6 or less on the Beaufort Scale for towing and anchoring operations, which are expected to take 4 days in total.

A further update will be provided once operations commence and a spud date estimate can be provided.

The information contained in this announcement has been reviewed by Empyrean’s Executive Technical director, Gaz Bisht, who has over 31 years’ experience as a hydrocarbon geologist and geoscientist.

Empyrean CEO, Tom Kelly, stated:

“The effort, preparation and cooperation between Empyrean, COSL and CNOOC EnerTech has been excellent. With the improvement in weather, we are excited to be so close to commencing drilling at the 395 million barrel Jade target within days. Shareholders can feel confident that Empyrean is well represented on the ground in China with Company technical director, geologist and geophysicist – Gaz Bisht – overseeing the drilling campaign on behalf of Empyrean.”

It’s nearly time for 6 years of blood sweat and tears to finally be put to the test. I can feel the excitement having been there at the start and I wish them well.

[jamesiebabie] 04/4/2022 12:16

RD - so am I, but only because of the size within my portfolio.

I can imagine how this may feel for many. My stomach would be churning with anticipation. Boom or bust.

[ride daice] 04/4/2022 12:07

Well I for one am psychologically prepared for a duster. That's only because the spoils in the upside case don't bare thinking about.

[blakieboy7] 04/4/2022 11:54

Grabbed a few at 10.2p

[10owen] 04/4/2022 11:51

Dont worry Starz we will survive.

[judijudi] 04/4/2022 11:49

curry,
Looks that way

[starzerus] 04/4/2022 11:49

Hey Loan note holders.


Well then just go - walk out the door - your not welcome anymore.

isnt that a song lyric?

[currypasty] 04/4/2022 11:38

loan note holders exiting

[judijudi] 04/4/2022 11:34

Spud rns a week today
GSA anytime
Missing $2 million returned (hopefully)
Yet folk are selling
Silly Billy’s

[blueblood] 04/4/2022 11:32

Been better releasing that on Wednesday by look of it....

[starzerus] 04/4/2022 10:48

Tarts knickers comes to mind.

[10owen] 04/4/2022 10:24

Online quote currently 10.35p/10.45p for 100k.

[buzzzzzzzz] 04/4/2022 08:25

begorrah

Totally agree with you.

[buzzzzzzzz] 04/4/2022 08:10

Curry

Or Parson's imminent!

[begorrah88] 04/4/2022 08:10

I do think it is still that same tranche being pushed through & the MM's saw a chance to dump a big lump today.

[currypasty] 04/4/2022 08:08

Three weeks gone of Gaz Bisht 's 2-4 weeks

will this be the week, or was Bisht, just taking the pisht

[pacman9] 04/4/2022 08:07

Probably the last (hopefully) of the last block of converted CLN shares offloaded at open.

[begorrah88] 04/4/2022 08:06

Now that is a puzzling start to trading?

[maltby2002] 04/4/2022 07:45

No mention of the mean target. Tom won't be happy at anything less than the P10. He's confident and so should we be

[petercrosby] 04/4/2022 07:33

"Following any potential success at the Jade Prospect"

Does that mean if Jade is a duster they won't bother with Topaz & Pearl?

[upwego] 04/4/2022 07:29

will they drill Topaz straight after if there successful at jade?

[rickyhatton] 04/4/2022 07:21

"The Jade Prospect
The 2021 drilling campaign is targeting a world class ....""
Clearly we are employing Cher!

[pro_s2009] 04/4/2022 07:13

As I said.........wind is fine from Tuesday onwards.



Off we go drilling :)