Empyrean Energy Share Discussion Threads

[oilforex] 27/4/2022 11:31

Eagle Pool, Glantel, Sugar Kane / Loaf, Riverbend, Dempsey. The only real highlight over the years has been Indo. Was really hoping this was the one. Oh well. Added a few this morning as I don't think this is the end of the story but not sure I have any appetite for any more campaigns.

[cashandcard] 27/4/2022 11:30

Fundamentally, the model here is wrong. Leaving Jade aside. Going forward, they need to swallow the bitter pill I3E did and actually build a production based model. Then, when in a stronger position, they can afford to push the boat out with riskier endeavours. In my opinion, the equity here is likely to suffer more trouble. They will need to raise or refinance. No idea about Duyung, but I wouldn't count on it anytime soon. Agree, Tom Kelly should gracefully move on and allow a new team to come in and build a stable platform.Cash

[judijudi] 27/4/2022 11:24

Something most certainly stinks about yesterdays trades doesn’t it

[toopoor] 27/4/2022 11:20

TOWER RESOURCES

FOR £7M

YOU GET

NAMIBIA..A BILLION BARREL PROSPECT

SOUTH AFRICA..a 500M BARREL PROSPECT

CAMEROON..NEAR TERM PRODUCTION OF 8000 BOPD NET TO TOWER

[diarybeach] 27/4/2022 11:18

Sorry to see the bad news chaps. I lost a bit on this as well.

Im not convinced with this Tom Kelly CEO particularly getting duped into losing all that money on what looks like a simple redirection of funds fraud. Notice the deafening silence on that one. Money long gone!

Also all those sells yesterday leave a very sour taste.

I can see this company now selling remaining assets, paying off debts and expenses and getting wound up.

[blueblood] 27/4/2022 11:06

Same here would be delighted with 8p now. Should have derisked more yesterday pm when it was leaking just thought it would be funding or drilling related not no oil at all!

[t350toad] 27/4/2022 10:52

I was really hoping for those prices pre reserves update and the gas price hike. Always had 10-12p in my mind for Indo, but would I be happy to strike somewhere down the middle and walk away after nearly 10 years?....

[helpfull] 27/4/2022 10:52

Same old same olds making the same mistake. Duyung is the hook on which more money will be lost. But more importantly time. I, for one, would like to apologise for any posts of mine that has dragged the naive, mug punter into this share. All the sells are buys,filled to spill, many many multiples, HNW investors, the warrants will pay for testing of Jade, and most importantly "only idiots make predictions and here is mine", "fait accompli as the Italians say" and "Pandoras cat".

Be careful.

[currypasty] 27/4/2022 10:51

I would say at least 5p
Conrad must have a good deal with the gas price so high for quite a while now, and looking to stay strong for some considerable time to come

[blueblood] 27/4/2022 10:48

Must be worth 5/6p maybe more

[deanmatlazin] 27/4/2022 10:45

How much worth is Duyung. Does anyone know ?

[currypasty] 27/4/2022 10:43

Personally I just want Duyung sold ASAP, and move on...

[judijudi] 27/4/2022 10:42

Sell Laz
Move on
To much bad luck with this company
Let’s get all or most of our stakes back and call it a day
For our sanity and also for Toms

[lazarus2010] 27/4/2022 10:39

sell Duyung and distribute the cash as a dividend, or stay in and see it through to a producing asset and we would see many multiples of the sale value...but another 2-3 years of hard slog and yes there would be dilution. Don't forget the talk of the field reaching the adjoining field and being one huge play, plus potential of oil at deeper levels...erm but better not let TK drill that with his track record!!

[judijudi] 27/4/2022 10:34

👏👏👌👌8077;👍

[blueblood] 27/4/2022 10:33

Absolutely gutted 15 years hard labour lol! Get Duyung sold and move on for me.

[digger2779] 27/4/2022 10:32

Too put it mildly I've had better days! We need this GSA pretty pronto. This Friday would do once the punters have exited.

[lazarus2010] 27/4/2022 10:31

people still selling into any strength to recover whatever they can...muppets imho

[judijudi] 27/4/2022 10:31

Curry
I’m not saying it was Tom
I don’t think for one minute it was
But there are others in high positions within EME
Just saying

[currypasty] 27/4/2022 10:23

I dont think it was from tom, more likely drillers on their tippy tappies

[m5] 27/4/2022 10:09

FA will be done mate, it never is.

[judijudi] 27/4/2022 10:03

I also believe that the relevant authorities look at yesterdays trading
News leaked way before the official news
Where from?