Empyrean Energy Share Discussion Threads

[j284] 08/4/2022 13:30

Are you and Buffy twins?Absolutely no pleasing some people.

[pro_s2009] 08/4/2022 13:29

Final batch of CLN will be being "pre-sold" now.......so the conversion simply covers the short selling they are doing now.

The next conversion notice will be the end, and all will have been sold already imo.

[bskiny1] 08/4/2022 13:24

I am assuming it is CLN and /or warrants that stopping the share price rising......What quantities of these are remaining before the sky is blue....GLA

[jemjem] 08/4/2022 13:10

Comments also on warrants:

"We have had lots of enquiry as to warrant conversions recently with some more in the pipeline. These, in my view add incremental value to Empyrean and remove financing risk. Also keeps the capital inflows to the company amongst supportive existing shareholders!"

"Its the best thing that warrant holders can do for the Company right now! Exercise/convert warrants and then we don’t need to go to the market!"

[judijudi] 08/4/2022 13:07

I don’t think a CEO of a public listed company should be communicating on a Telegram group with share holders
Not professional imho
Only my take so don’t shoot me down

[firestorm911] 08/4/2022 13:01

Hopefully, we break out 12p today then boom time on Monday Spudding Rns.

Toon and his army are marching northwards.

[jamesiebabie] 08/4/2022 12:53

TK on the team.

We will do our best to continue to get the PR out there. Our main concern is drilling Jade. Notmally a well of this nature has 30-40 people working on it for a mid tier. We have three with rings hanging out. Gaz in particular has made massive sacrifices to be in China to supervise. He is doing the job of 15 hard workers right now!

[jamesiebabie] 08/4/2022 12:52

TK on the team.

Its the business end Stu. Very exciting. Trying to keep feet on ground, sleep, look after family and make sure Gaz is supported. He is away from his family looking after all of our interests! A truely champion effort

[jamesiebabie] 08/4/2022 12:51

TK on Duyung.

Duyung has grown in value! Lets see by how much when GSA signed. My job is to maximise value for shareholders!

[jamesiebabie] 08/4/2022 12:47

Interesting to note they are working on Topaz.

[jamesiebabie] 08/4/2022 12:47

TK just a did a quick Q&A on Telegram!

[firestorm911] 08/4/2022 12:42

Thank you, Lazarus.

[smackeraim] 08/4/2022 12:42

"Paul, we are already working on Topaz. Have a great weekend guys!"interesting comment tk

[lazarus2010] 08/4/2022 12:34

firestorm, GL on turning 200k into £200k+!!

[jemjem] 08/4/2022 12:32

some interesting stuff. Nothing price sensitive.
"GSA closer than ever, but it's not done til its done" is the rough quote

[thetoonarmy2] 08/4/2022 12:32

Start but is he saying anything?

[pro_s2009] 08/4/2022 12:27

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

[thegreatgeraldo] 08/4/2022 12:20

Anchors aweigh!!! ;-#))

[starzerus] 08/4/2022 12:19

Just for interest TK in on the Telegram app just now.

[thetoonarmy2] 08/4/2022 12:15

Helpful do you work for the brokers who agreed the purchase of the CLN shares from Aussie funder who sold them all short then your lot can draw them down from them as and when?
Or are you hoping they convert the rest so if they short them again you can hope to get the price lower ?
Think they would be daft doing it now with it spudding next week and they must be aware of Duyung so your agenda seems pretty obvious.

[currypasty] 08/4/2022 12:13

42 m warrants could be converted at .12 to give £5m (only 3 months left on them)

plus 18p ones if we are on a roll

[neo26] 08/4/2022 12:01

Just waiting for the last lot of shares for convertible loans to hit mkt. 22m..It will be interesting if they hit how quickly they can raise $7m to test the well. The rig cant stay there waiting..They should have raised the 7m before spud.