Empyrean Energy Share Discussion Threads

[lazarus2010] 09/5/2022 17:17

Also to say Tom has focussed on exploration. He should have always been looking for deals to buy income ie take stakes in near producing assets or actual producing assets to provide base income to cover costs so we never have to be put into a position to raise cash to pay G&A and his costs!!

[lazarus2010] 09/5/2022 17:14

so rumours of a placing put on the bb by anonymous posters, the same as the a.p. who said that the drill bit was stuck. For me that was a get out clause for insiders to be able to say they read that post, panicked and sold and the SFA, sorry FSA, will accept their excuse.

Put things into perspective, if TK raises now, even at these prices, on the basis that he needs some cash to cover lighting, heating, surfing lessons, maybe even some O&G Exploration For Dummies books to hand around the office, he has to raise, end of.

he knows he has cash coming in from Duyung BUT has no idea when (refer to the moans and groans on the Coro bb re Duyung GSA delays and Mark Hood giving out timescales, same as Gaz, and those dates have not been met), so what does he do? Take a chance on the GSA being announced and him finding a buyer before June 12th or 22nd whenever it is, or raise just enough cash (or maybe another loan against Duyung if that is possible?). Let's say there is 20% dilution, the end game is NOT sell Duyung, the end game is drill Topaz. He has already stated that is his intention and that is what he is working to.

At a potential c. 900mnl bbls, 50% = 450mln bbls at $5 in the ground = $2.25bln

If the number of shares went up say 20%, or even 100%, that would be $2.25bln/c.800mln shares = minimum $2.50/share, or $5.00 if we could get the $10 for flowing oil/proven reserves.

100% increase would be 1.72bln shares = c. $1.50 or £1.20 all rough figures so don't say it's $1.55 or whatever!

Who would accept some dilution for £1.20 a share within 12 months?

Just to say, I have no idea if there will be a raise or not, I'm just looking at the facts that are in all our faces!

Maybe he should have raised the cash for the testing ahead of the dry well, then he would have $7mln'ish in the bank and wouldn't have had to pay for testing...however the contractual terms for those shares at say 8p might have been more damaging to the company than raising down here.

aimho dyor dyot niai

[blueblood] 09/5/2022 15:43

What placing is that then? Can't see any RNS just bunch of sad tw*ts jumping upon a depressed share price

[the bolton wanderer] 09/5/2022 14:04

Jay Stevens- It was only a couple of days ago that you said the placing was to be at 1.25p
Will you make up your mind!

[cashandcard] 09/5/2022 10:38

As I said over the weekend. Somehow need to remove or get TK ousted. A new strategy focussed on building cashflow needs to be in place. Mako, could be this year, nextyear of the year after, no idea as to timeline.Immediate cash requirements mean a raise is highly likely soon. It will be discounted heavily in my opinion.Cash

[t350toad] 09/5/2022 10:33

There must be one hell of a sell in the background. The buy to sell ratio does not warrant this :(

[abergele] 09/5/2022 10:25

Blakieboy,
I also hold shares in RCH..a footsie 250 company that keeps falling and falling,bought some more at £1.25,last week,now could have bought this am, at £1.16..gowd elp us all

[jaystevens1] 09/5/2022 10:23

Lots of forward selling before placing at 1p

[blakieboy7] 09/5/2022 10:16

This just gets better and better ffs

[10owen] 09/5/2022 09:21

Not a chartist but let's hope Simon is right with his prediction of recovery from here.Gut wrenching as Jade was I cant believe this has fallen 87% since it reached 11p on the bid the day before the pre drill selling happened.Gla.

[bengal1] 09/5/2022 08:33

Still mopping up the spread betters and T10s.

[dillydally2] 09/5/2022 08:32

Get into clon folks

[judijudi] 09/5/2022 08:30

He’s to busy organising a confetti placing to get any decent news out
imho

[10owen] 09/5/2022 08:22

Amazing bid 1.635p at close on Friday and opens today at 1.5p.Cant see how Duyung isnt underpinning the price at higher levels.Come on Tom boy we need an update and we need it soon.

[sue999] 09/5/2022 06:44

hxxps://www.share-talk.com/share-talk-weekly-energy-sector-news-round-up-sunday-8th-may-2022/

[coiin stein] 09/5/2022 02:31

𝙄𝙛 𝙖𝙣𝙮𝙤0419;𝙚 𝙩𝙝𝙞𝙣0416;𝙨 𝙩𝙝𝙞𝙨 𝙞𝙨 𝙩𝙝𝙚 𝙛𝙡𝙤𝙤0423;, 𝙩𝙝𝙞𝙣0416; 𝙖𝙜𝙖𝙞0419;.
.72 𝙤𝙣 𝙢𝙮 𝙘𝙝𝙖𝙧0425; ... 𝘼𝙝𝙤𝙮
𝘾𝙝𝙖𝙣0408;𝙚Ҵ24; 𝙤𝙛 𝙖 𝙧𝙚𝙘𝙤0427;𝙚Ҵ23;𝙮 .... 𝙨𝙡𝙞𝙢
𝙨𝙝𝙞𝙥0428;reck𝙚𝙙 on those 𝘾𝙃𝙄𝙉0384;𝙎ҳ84; 𝙍𝙊𝘾𝙆0398; ... !!!
as previously forecast ......
years ago.

[iceagefarmer] 09/5/2022 01:22

you would all be better off selling everything and sticking it on vast resources...just a thought

[blakieboy7] 08/5/2022 21:30

htTps://www.share-talk.com/share-talk-weekly-energy-sector-news-round-up-sunday-8th-may-2022/Empyrean Energy PLC (AIM: EME) Block 29/11, China – Proposed drilling of Topaz Prospect following Jade well results.Based upon the preliminary assessments of the Jade well results and the ongoing agreement with its partner, China National Offshore Oil Company (" CNOOC "), to further cooperate with regards to follow up post well analysis, it is Empyrean's current intention to proceed with the second phase of exploration at Block 29/11 and to participate in the drilling of the Topaz prospect.Looking at this logically, they would need around £10m to £15m to drill Topaz, but could raise these via a JV partner or sale of Mako gas asset, whatever they chose to do, it is not over yet folks. One for the watchlist.

[simonsmithiv] 07/5/2022 18:52

Bullish falling wedge pattern. Must be due a bounce soon from these oversold lows, target 3p to 3.5p. No sense in a placing down here (as the derampers will have you believe), especially when funds are not required for some time. Distressed seller(s)/T-traders must almost be out now and buyers can take over for the bounce. Aimho, dyor, etc...


free stock charts from uk.advfn.com

[1sajad] 07/5/2022 18:22

Such big news for CLON due that it crashed by nearly 27% on Friday be weary when stocks are being ramped for no reason

[the donald] 07/5/2022 15:42

Solarfire, I'm only out as I have another share I would rather have my money in for now. If Topaz gets drilled, I'm sure I will be back in.

[solarfire73] 07/5/2022 14:49

The Donald, sorry you are out now.
The expectations were very high; even higher after the gas cloud RNS. Clearly a lot of holders have decided to reduce or even sell out.
Can EME recover? I think yes, and with Duyung we should see a reasonable recovery. Of course any good news will be sold into, so a bit of realism will be required on my part.
Good luck to all past and present shareholders.

[cashandcard] 07/5/2022 13:17

amont,Well it may require some pressure but it's the right course of action. Let's be honest, why would anyone invest at this stage; Mako? no clear timelines on that and strong likelihood GSA and any progress will drag out even longer (it always seems to - this is the only thing they can guarantee about Mako).Cash