Empyrean Energy Share Discussion Threads

[firestorm911] 08/4/2022 11:45

I have followed Mister Toon many times, and I have made money. So I am staying with the big guy.

Spudding will start, the pressure is building up in the pressure cooker, and MMS would not be able to hold this off.

I have topped up today and holding 200K now.

GLA genuine investors.

[hang ten] 08/4/2022 11:44

Thanks for sharing Toon ....From First Equity this morning.First Equity Comment - Empyrean’s share price remains behind the curve on the potential of the Jade Prospect and very near-term high impact news-flow. Investors seems to have overlooked the high geological chance of success at Jade at 41% and potential of a discovery at Jade then de-risking the nearby and much larger Topaz prospect. This is all against the backdrop of stubbornly high oil prices near $100 per barrel.A discovery which confirms the P50# estimated oil in place of 187m barrels at Jade, assuming a discovery value of $10 per barrel, with an estimated 55% recovery rate and on the basis that CNOOC backs in for its 51% interest, could be worth we estimate a net US$388m. This computes to a value per share of 58p per share. Confirmation of a P10# discovery of 395m barrels would increase this figure further to 123p. Indeed, given the CNOOC discoveries nearby, a P10 or better size discovery seems more likely.A drilling success at Jade, would focus investor attention on the potential of the Topaz prospect, which has a P50# estimate of 434m barrels, which therefore adds even more potential value to Empyrean Energy and strengthens the investment case (+135p to +278p per share on a P50 or P10 discovery basis respectively).With these thoughts and calculations in mind, the possibility for the shares to accelerate from the current share price of around 11p, to above 100p on drilling success at Jade and de-risking at Topaz, we recommend the shares as a ‘Buy’.# P10/P50 estimates of independent consultants Gaffney, Cline & Associates

[judijudi] 08/4/2022 11:42

starz,
If he irritates mate that’s the best way
Antagonising people like him only encourage
imho

[starzerus] 08/4/2022 11:39

Hey Judi - I have him on filter m8 - my only filter

[galarse] 08/4/2022 11:33

See we have a resident troll. Not to worry folks the school term starts the week after next!

[judijudi] 08/4/2022 11:15

toon,
Nice one 😀👌👍👏8079;
And with no mention of Duyung priced in

[stewart4990] 08/4/2022 11:13

Toon,

Thanks for the update from First Equity, superb update and does show investors the potential and just how far the share price IS behind the curve, and that excludes Duyung.

[segaris] 08/4/2022 11:10

Thanks for your post toonarmy ! I have just copied it to telegram, hopefully you do not mind.

[judijudi] 08/4/2022 11:08

Folk on here have encouraged him
No idea why they antagonise 🤷🏻‍♂️
They must want a response

[pacman9] 08/4/2022 11:05

You really are a s*umbag of the highest order.. What must your life be like to spend your time trolling as you do. It's sad..

[thetoonarmy2] 08/4/2022 11:00

From First Equity this morning.

First Equity Comment - Empyrean’s share price remains behind the curve on the potential of the Jade Prospect and very near-term high impact news-flow. Investors seems to have overlooked the high geological chance of success at Jade at 41% and potential of a discovery at Jade then de-risking the nearby and much larger Topaz prospect. This is all against the backdrop of stubbornly high oil prices near $100 per barrel.

A discovery which confirms the P50# estimated oil in place of 187m barrels at Jade, assuming a discovery value of $10 per barrel, with an estimated 55% recovery rate and on the basis that CNOOC backs in for its 51% interest, could be worth we estimate a net US$388m. This computes to a value per share of 58p per share. Confirmation of a P10# discovery of 395m barrels would increase this figure further to 123p. Indeed, given the CNOOC discoveries nearby, a P10 or better size discovery seems more likely.

A drilling success at Jade, would focus investor attention on the potential of the Topaz prospect, which has a P50# estimate of 434m barrels, which therefore adds even more potential value to Empyrean Energy and strengthens the investment case (+135p to +278p per share on a P50 or P10 discovery basis respectively).

With these thoughts and calculations in mind, the possibility for the shares to accelerate from the current share price of around 11p, to above 100p on drilling success at Jade and de-risking at Topaz, we recommend the shares as a ‘Buy’.

# P10/P50 estimates of independent consultants Gaffney, Cline & Associates

[helpfull] 08/4/2022 10:54

Tickety Tock! Nasty person shock!

Wishing a person ill. Only to be expected. I expect more of the same as the drilling commences. Squeaky bottom time. Nerves jingling. The top slice price never arrived. The Duyung GSA never arrived. Reality sucks. For the mug punter there is still time to get out. Anything but outright success at Jade and the share price will fall through the floor.

Be careful.

[lazarus2010] 08/4/2022 10:53

is Tom going to do the PR rounds now that the rig is in place? We might have had some news out but no recent interviews.

[starzerus] 08/4/2022 10:43

hopefully - helpfull will commit hari kari

[currypasty] 08/4/2022 10:40

hopefully next week will be the GSA

[blakieboy7] 08/4/2022 10:28

Hopefully there will be lots of weekend PR

[mrsas1] 08/4/2022 10:20

Warrants appear to be from 11th Sep 2020 Placement


Fri, 11th Sep 2020 07:15
RNS Number : 7262Y
Empyrean Energy PLC
11 September 2020


This announcement contains inside information



Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas



11 September 2020



Empyrean Energy PLC ("Empyrean" or the "Company")



Empyrean completes £640,500 Placement



Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, advises that it has placed 14,233,334 new ordinary shares in the Company (the "New Ordinary Shares") at a price of 4.5p per New Ordinary Share (the "Placing Price") to raise £640,500 (before costs) ("the Placing"). Subscribers to the Placing will also receive 1 warrant exercisable at 9p each for every New Ordinary Share (the "Warrants"). The Warrants have a 2 year term from the date of issue. The Placing is being completed under the Company's existing authorities and is not subject to the approval of shareholders.

[judijudi] 08/4/2022 10:04

I can’t remember 9p warrants there have been so many different fundings 🤦🏻🙈

[currypasty] 08/4/2022 10:00

I would have thought the loan note holder would be converting the last of theirs soon... probably already pre-sold the shares.. Clear them out would be good, imo

[starzerus] 08/4/2022 09:57

Thats not a lot?

[blakieboy7] 08/4/2022 09:57

RNS Number : 7939HEmpyrean Energy PLC08 April 2022Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & GasEmpyrean Energy plcExercise of Warrants8 April 2022Empyrean Energy ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, advises that it has received a notice to exercise warrants (exercise price 9p per Warrant) over a total of 511,111 Ordinary Shares (the "Warrant Shares"), for which funds of GBP 45,999.99 have been received by the Company.Application will be made for the admission of the Warrant Shares to trading on AIM ("Admission"). Admission is expected to take place on 14 April 2022. The Warrant Shares will rank pari passu with the existing ordinary shares on issue.

[bskiny1] 08/4/2022 09:40

Jem...true I guess not all will wait for this to multi 'bag' like us...GLA

[pro_s2009] 08/4/2022 09:28

Well........there is an omen.

Hopefully a good omen. Made me sort of have a double take when it popped up in my online calendar.

I used to know a girl whose nickname was "Jade", decades ago.....she was from China.

Today the calendar says to me.......





Must be a a good omen............