Empyrean Energy Share Discussion Threads

[t350toad] 04/5/2022 07:47

What are we roughly looking at in terms of the next weather window? Will that be as Jade was originally pencilled for last year?

[t350toad] 04/5/2022 07:44

Plenty learnt from Jade by the looks of things and nice to see plenty of determination and drive. They have got to make a decision as to funding, quick before the June date. A decent farm out and proportion of Indo?

[blakieboy7] 04/5/2022 07:38

Proposed drilling of Topaz?!

[nametrade] 04/5/2022 07:06

Ok so your worried about 20m debt, let’s call it 30m debt all in. They have producing assets with more than 5m fcf.
Now you all think Duyung is worth 40/50m to EME? Therefore 80/100m to Coro. With approx half the MC?

[buzzzzzzzz] 04/5/2022 06:48

Yet they have 5m euros cash flow per year with more to come.

Do agree it is very hard to compare the two until we have a valuation of Duyung.

[aimomniscient] 03/5/2022 23:18

You say about Coro, they have 20m of debt, you cant draw comparisons on that basis.

[retirementfund] 03/5/2022 23:17

Nametrade I'm not paid enough to value Duyung and i know even less about Coro as a company. That said I suspect you need to consider Coro's debt position interest accruing and agreement to distribute part of Duyung proceeds to loan note holders as part of the valuation puzzle. For me it's not Eme v Coro I just make a point that Eme looks lowly valued at this time and suspect we may see a sharp bounce near term

[nametrade] 03/5/2022 23:08

Retirement fund.
This share is valued in sentiment atm not value… but where do you value Duyung? Coro has twice the stake and is valued still less than EME. All EMEs other projects require funding..
I am a long term holder but can see that if Coro is not valued realistically with producing profitable assets as well as Duyung…. What hope is there that EME is going to be valued anywhere near a sensible valuation for Duyung either?

[retirementfund] 03/5/2022 21:18

As a modest holder having bought in last year I genuinely feel for the long term holders as recent results are not what anyone would have expected.

I get that wells fail but given all the seismic etc to have nothing at all. Non commercial I thought as always was a possibility but nothing at all no shows is a real shock.

Where does this leave Eme I only bought in for China so am scratching around. One comment was often mentioned was Duyung provided downside protection. At 2p it doesn't appear to be providing hardly any.

So questions are:-

Does current result support a 10p fall in the share price circa £67m. It looks steep to me.
What is Duyung really worth
What now for Topaz is this now valued a zero?
What about Pearl similar zero valuation
What are the other assets worth
Presumably Empyrean's tax losses etc have value?
Will we see a capital distribution post Duyung?

Lets hope for some good news for LTH they sure deserve some.

[judijudi] 03/5/2022 19:38

🙈🤦🏻😩

[petercrosby] 03/5/2022 19:11

I don't know why everyone keeps banging on about the $2M deposit? It isn't ours...

[birotop] 03/5/2022 18:52

Lol….

[currypasty] 03/5/2022 17:20

perhaps the drill will turn out cheaper as it was for only half the time

[diarybeach] 03/5/2022 17:08

I think the CEO is probably still scratching his head wondering where he’s going to find $2 million to plug the hole for sending that money to a fraudsters bank account a few month’s back. I’m speculating but on basis of announcement, I assume that’s what happened?

Can anyone please clarify?

Talk about multiple kicks in the balls.

[diarybeach] 03/5/2022 15:18

This share price drift is likely to continue imo. 1.5p

[begorrah88] 03/5/2022 13:53

2 months?!Mark Hood has been saying it is just around the corner for a year & a half!TK was saying in October 'could drop any day'We have no more idea now than we ever have - just talk from CEO's that don't appear to know anything.

[blakieboy7] 03/5/2022 13:50

Bought another 93k