Empyrean Energy Share Discussion Threads

[judijudi] 22/4/2022 08:41

Very simplified and all prices as examples

Past placings sometimes had bonus warrants attached
So just as an example if you bought 100,000 shares in a previous placing at for example 6p you were given the option to buy an additional bonus warrant at for example 9p (as an example the ratio might be 1 bonus warrant for every 2 placing shares bought)
So some folk are now buying the warrants that they were given in previous placings

[birotop] 22/4/2022 08:41

Why don’t you put that question into Google?

[dougie507] 22/4/2022 08:38

Can someone explain to me how the warrants work!?

[buffythebuffoon] 22/4/2022 08:34

You rec tart Currypasty. 😂

Buffy

[judijudi] 22/4/2022 08:33

Bargain time again 😀

[abergele] 22/4/2022 08:09

(ii)
quotes..
sells 15k and above +-..10.75p
buys,,15k..................11p

[currypasty] 22/4/2022 08:07

Id hazard a guess at Monday for 'oil shows' in the cuttings..

wouldn't want to be out over the weekend

[haveapunt1] 22/4/2022 07:30

Perspective £1 values EME at circa £800mil mcap without production. Granted risk reduction, booking reserves etc, but even so. My guess is buy out of the asset with some form of free carry. Can’t see cash being raised to drill topaz or pearl

[haveapunt1] 22/4/2022 06:59

It’s not going to £1 on an oil strike. People get so carried away. Maybe on commercial post flow test but with CLN, warrants, bonus warrants, special warrants all between 9,12 and 18p, it’s more like 40-50p tops. The only way this hits £1 is post flow test with volume in excess of P10.

[pro_s2009] 22/4/2022 00:45

Its worth remembering.

The company said quite clearly..........

26 days drilling to TD based on "trouble free" progress. Drilling slows the deeper you get, casing needing to be run takes a lot of time.....and they go really slow through reservoir - not wanting to damage the formation.

10th April spud

26 days "trouble free" drilling takes us to Friday 6th of May.

They may be a few days early or a few days late - but expectation should be around the 6th of May for TD to be hit - with full LWD results released then on Monday 9th of May.

However, they may decide to update next week with a progress report - or they may now keep radio silence until TD. Nobody knows.

Just sit back and enjoy the ride, if its good news - hold on for the rise to 100p levels through massive rises and treeshakes. If its bad news expect the share price to fall 75% on the bad news, and then recover over the weeks and months following to around 10p with Mako GSA news.

My advice, if I were to be asked - dont use margin, dont use spread bets, dont use CFD - just buy real shares and hold them.....because if bad news comes you can wait for the recovery after the crash without any worry or margin calls.

[bushman1] 21/4/2022 16:43

Worthwhile reading. : " Liuhua 11-1/4-1Oil Field Secondary Development Project. Includes development of 32 horizontal wells by CNOOC inc 24 new wells etc plus construction of a new drilling / production platform. www.ns energy business.com This oil field I believe north of Topaz and Pearl prospects .... Please DYOR.

[starzerus] 21/4/2022 16:37

closed 11.10

[noobiedoobie] 21/4/2022 16:18

First batch of buys completed. Second batch to begin...

[currypasty] 21/4/2022 16:11

first thing tuesday RNS (so probably relates to state of play on monday)

" LH 17-2-1 well at the Jade prospect drilled 12-1/4" section to 2150 metres Measured Depth ("MD")"


"Current operations are the installation of 9-5/8" casing before drilling 8-1/2" hole to the Total Depth ("TD") of 2860 metres MD"


will we have restarted drilling yet ?

[soggy] 21/4/2022 15:39

and yet the share price remains stubbornly unmoved...

[oilforex] 21/4/2022 15:36

There's another 500k

[petercrosby] 21/4/2022 13:24

Watch the volume

[oilforex] 21/4/2022 13:11

Oil shows and GSA double RNS? Sorry, just daydreaming...

[judijudi] 21/4/2022 13:10

Getting to the exciting stage now 🤞🤞

[tidy 2] 21/4/2022 11:58

Thanks mate. Fingers crossed the gas shows are a big heads up.

[upwego] 21/4/2022 11:01

Do you all not think though 26 days drilling is what is said. why?

Lets put it like this if you owned the company or controlled the company you would always cater for mishaps delays etc.. If the drillers told me it will take 22 days to reach target depth I would certainly add on a few days buffer to manage expectations.

We could well be at target depth in 20 to 23 days me thinks??

[10owen] 21/4/2022 10:49

26 days to drill was what Eme said.Drill started on 10th April so that would take us to 5th May.The resident expert on the telegram group says this crews record on other local drills is to beat the target but around 12% ie 3 days in this case.If they do TD becomes 2nd May.He also thinks this will be sooner perhaps next week with oil shows being announced as early as tommorow.He has called it so far so let's hope he is right again.Gla.

[soggy] 21/4/2022 10:39

Tidy - around 8 may. Speculation on here that we're maybe drilling slightly faster than planned, so possibly a few days earlier.

[grannyboy] 21/4/2022 10:38

"CNOOC has raised $4.41Billion in the country's 11th biggest public stock offering"

Can't see it all being used in buying out EME's share of block 29/11.. Half might be sufficient!!😋;

[blueblood] 21/4/2022 10:35

DId Cenkos update after latest RNS?