Empyrean Energy Share Discussion Threads

[petercrosby] 13/4/2022 13:12

Does gap theory work on the way up? I think there is one at 20p from Dec 2017

[los ricos] 13/4/2022 12:14

closed the little gap on the chart

[jamesiebabie] 13/4/2022 10:51

JJ - it just needs time unless you are de-risking. Oil shows will be the start of the main move as it starts to confirm the expectations and it starts to de-risk the drill.

I'm totally relaxed about any price movements for the next 3 weeks. It's just minor noise.

[nametrade] 13/4/2022 10:47

JJ that’s what everyone predicted with the rig move and spud news…

[brownmruk] 13/4/2022 10:11

ADVFN has no way of knowing if a trade is a buy or sell other than comparing the trade price to the mid point of the spread. Mid point on your partner's trade was 10.9p so ADVFN assumes 10.82p was a sale.

[chris0805] 13/4/2022 10:04

18013 shares at 09.55 is a buy by my partner.. but listed as a sell... not for the first time on ADVFN !

[10owen] 13/4/2022 09:56

Disappointing reaction to the drill update I guess the overhang is taking longer to clear and is holding us back.A positive GSA update would change that but it looks like we will have to wait for the drill bit.Just waiting for the RNS that starts the company are pleased to confirm etc etc.

[buzzzzzzzz] 13/4/2022 09:55

BB

That is why I took some out at 12.2

enough to pay for the warrants.

[blueblood] 13/4/2022 09:51

If you are holding for results it doesn't matter if share price is currently 11p or 20p but expect there are lots who thought it was going to be easy derisk in high teens. Still could well be but need those CLNs converted and churned first.

[jamesiebabie] 13/4/2022 09:46

granny - that is all that matters, well not really, finding commercial oil/gas is what matters. Everything else is just noise unless people are looking to trade/exit early.

[grannyboy] 13/4/2022 09:34

Wherever the TD/MD starts or finish ..they estimate 26 days that's what I'm going by!

[jamesiebabie] 13/4/2022 09:26

bs - this may help.

[bskiny1] 13/4/2022 09:13

Thanks JB, so the actual drilling is the TD from rig table less the water depth.....B

[begorrah88] 13/4/2022 09:11

Seems pretty clear to me that we still have an awful lot of heavy conversions to chew through.The lack desire to raise the bid from the MM's along with the buying price getting progressively cheaper.

[judijudi] 13/4/2022 09:06

2 days ago
11.4.2022

[t350toad] 13/4/2022 09:03

Is that a new exercise of warrants notice that's just been put out by EME's own news feed, or is it just a delayed notice?

[jamesiebabie] 13/4/2022 08:55

bs - yes.

Also, note that drilling will slow from here on in due to when they set the next casing, they have to remove the drill string and then change if for the smaller diameter drill bit/pipework and then reinsert the new size.

So pull it all out and then put it all back in. It will take longer the deeper the well gets.

[bskiny1] 13/4/2022 08:49

Laz.....So MD is the measurement from the surface the rig drill table am I correct in thinking the TD is measured likewise....B

[buffythebuffoon] 13/4/2022 08:43

Just an observation, which surprised me for its well thought out layout.

I’ve been in EME for many many years. I always saw that we were underfunded to go the distance with Sugarloaf and was surprised when TK returned the money raised on the sale to shareholders. It turns out that he was basically forced to by activist shareholders.

I have held on all that time for the moment that is soon upon us.

Facts are facts, so what else could I honestly have but a positive take on reading that RNS? A less honest man would have kept schtum.

I was in GKP when they hit paydirt at Shaikan. I jumped ship with a decent multibagger, missing out on the bulk of the rise from 8p. I think it went to around 400p. I will be sitting on my hands for sure if we are unequivocally successful with Jade.

Buffy

[blueblood] 13/4/2022 08:33

Positive take from Buffy now things are looking up!

[lazarus2010] 13/4/2022 08:32

All depths are recorded with respect to a depth reference (datum). On offshore rigs mean sea level (MSL) is normally the standard for geological evaluation. However, a working measured depth reference (MD) is used whilst drilling, normally taken from the top of the rotary table. This is designated MDBRT (measured depth below rotary table) or MDBKB (measured depth below kelly bushing).

[buffythebuffoon] 13/4/2022 08:30

That’s an excellent update by EME. Not because everything is going to plan, but because the structure and content is clear and informative.


More companies should take note and use that RNS format.

Buffy

[jemjem] 13/4/2022 08:28

Sue999.
In a word. No.

[judijudi] 13/4/2022 08:24

Unless we get an rns then they haven’t