Empyrean Energy Share Discussion Threads

[jacksspitfire] 15/9/2022 22:23

Sorry chaps the company gave you 10p earlier in the year. YOU chose greed. This is the oil exploration industry. Perhaps you will sell next time.

[lowsulpher1] 15/9/2022 21:12

Hi Judijudi you are right all the managagamaamt is there salarie we are getting nothing as the long suffering shareholders only lip service,

[blueblood] 15/9/2022 17:02

Does anybody know what the status of Dempsey and other wells are? We gave away half of Duyung to get involved but seems like they just want us to forget it just like Riverbend & Eagle. With increase in gas prices why no update on any plan?

[jacksspitfire] 15/9/2022 15:55

JJIMHONWAFLOL

[judijudi] 15/9/2022 14:36

Our Geologist’s records going back over 15 years are far from perfect aren’t they
As are 99% of the projects we’ve got ourselves lumbered with!
imho

[the donald] 14/9/2022 21:53

Frank was the geologist. Agree, was a good guy. He found Duyung and recommended TK to farm in

[diarybeach] 14/9/2022 21:46

Saf

I remember you from the old days talking about the Eagle prospect in California and then Sugarloaf and the Austin Chalks fracking areas in Texas. Can’t believe you still have an active role here. Respect. We talk about continuity with the Queen and all that. I think we should start calling you Your Majesty. 😄

What happened to Frank Brophy who I remember as Chairman? He was old then so may have retired or even passed. I remember having a few beers with him after an AgM in 2007 or 2008. Great chap

I just dip in and out of this board. No holder as yet but you never know…

[bushman1] 14/9/2022 20:06

Saf. May I ask. With your knowledge and experience in O & G. What is your '. best guess '. for the EME share price after a successful GSA agreement ( s ) is hopefully announced these next few weeks. ?

[safiande] 14/9/2022 17:28

If anybody has a copy of the prospectus the CPR is from pages 232 - 296.
The Gas Sales Agreement is at paras 8.2 & 8.3 on page 262. It states that Conrad has reached closing stages of negotiations. The CPR is dated 26 Aug so I guess not so long to go now.

"Currently WNEL are discussing two alternative potential gas sales to Singapore. Both have reached closing stages of negotiations. Potential offtake is 120 MMscfd and any gas from Mako will be absorbed by the buyer. The maximum daily quantity may be up to 120% of the Daily Contract Quantity (DCQ)."

[bushman1] 14/9/2022 17:05

As in : updated presentation released.

[bushman1] 14/9/2022 17:03

CORO have updated website.

[safiande] 14/9/2022 16:31

Energy Voice today

"Indonesia-focused Conrad set for Australia IPO


Indonesia-focused oil and gas company Conrad Asia Energy is preparing an initial public offering (IPO) on the Australia Stock Exchange to raise some A$45 million (US$30.3 million) as it seeks to develop its Indonesia upstream business.

The Singapore incorporated company’s flagship asset is its 76.5% working interest in the Duyung PSC, which contains the Mako Gas Field, one of the largest undeveloped gas fields in the West Natuna Basin, Indonesia.

After first discovering Mako in 2017, Conrad secured approval of an initial plan of development and said it has subsequently undertaken extensive appraisal work to delineate a full field 2C Resource of 413 Bcf (on a 100% basis). Conrad said it is working with the Government of Indonesia on a revised plan of development to accommodate greater gas volumes and production rates and is currently in the process of negotiating gas sales agreements with potential buyers in Singapore and Indonesia. The revised plan contemplates 12 years of production commencing in 2025.

In addition to the Duyung PSC, Conrad operates a portfolio of oil and gas licences containing leads and prospects. The company believes there is significant exploration upside potential provided through its Offshore Mangkalihat PSC (OM) and via the Aceh Joint Study Areas.

The Aceh Joint Study Areas contain numerous offshore gas discoveries as well as large exploration opportunities, noted Peter Botten the company’s chairman in a prospectus released 9 September. Botten is well known for leading Papua New Guinea-focused oil and gas player Oil Search for 25 years before it was acquired by Santos.

Botten highlighted that Asia’s demand for both oil and natural gas continues to grow as the region seeks access to cheap, locally sourced power to fuel its strong economic growth and as an alternative transition fuel. In 2020, Asia represented more than one third of global oil demand and more than one fifth of global natural gas demand. Conrad will be targeting the Singapore market, in which natural gas has accounted for 95% of power generation since 2014. Conrad believes there is a significant market opportunity in Asia to provide natural gas as a cleaner alternative to carbon intensive coal power generation and enable the region to sustain its strong economic growth as it transitions to renewable energy over the coming decades.

Conrad considers an investment in the Company to be compelling for a number of reasons including:

• attractive portfolio of assets focused on offshore gas in Asia;
• operatorship of the Mako Gas Field, one of the largest undeveloped resources in the West Natuna Sea;
• significant upside from continued appraisal and exploration on existing asset base;
• compelling gas market and regional energy fundamentals;
• multitude of near-term catalysts for value accretion; and
• experienced Board and Management Team with proven track record.

Proceeds of the offer are primarily intended to be used for:
– maturation of the Mako Gas Field including front end engineering and long lead items required for the development of the gas field;
– further work on the joint study areas in Aceh and their conversion into a production sharing contract; and
– seismic acquisition over leads identified in both the Offshore Mangkalihat PSC and should they be converted into PSCs the Aceh joint study areas."

[coiin stein] 14/9/2022 13:40

𝐈 𝐝𝐨𝐧'𝐭 𝐟𝐢𝐥𝐭9838;𝐫 𝐚𝐧𝐲𝐨9847;𝐞
𝐈𝐭'𝐬 𝐚𝐤𝐢𝐧 𝐭𝐨 𝐜𝐚𝐧𝐜9838;𝐥 𝐜𝐮𝐥𝐭9854;𝐫Ү38;, 𝐞𝐥𝐢𝐦9842;𝐧Ү34;𝐭𝐢;𝐧𝐠 𝐚𝐧 𝐨𝐩𝐢𝐧9842;𝐨Ү47; 𝐭𝐡𝐚𝐭 𝐠𝐨𝐞𝐬 𝐚𝐠𝐚𝐢9847;𝐬Ү53; 𝐭𝐡𝐞 𝐦𝐨𝐛 𝐧𝐚𝐫𝐫9834;𝐭Ү42;𝐯𝐞; ...
𝐛𝐞𝐜𝐚9854;𝐬Ү38; 𝐭𝐡𝐞 𝐦𝐨𝐛 𝐚𝐫𝐞𝐧'
19853; 𝐚𝐝𝐮𝐥9853; 𝐞𝐧𝐨𝐮9840;𝐡 𝐨𝐫 𝐜𝐨𝐧𝐟9842;𝐝Ү38;𝐧𝐭; 𝐞𝐧𝐨𝐮9840;𝐡 𝐭𝐨 𝐝𝐞𝐚𝐥 𝐰𝐢𝐭𝐡 𝐢𝐭.

𝐇𝐨𝐩𝐞9839;𝐮Ү45;𝐥𝐲; 𝐬𝐮𝐞'𝐬 𝐦𝐚𝐧-𝐦
19834;𝐝w838; 𝐬𝐢𝐥𝐢9836;𝐨Ү47;𝐞 𝐯𝐚𝐠𝐢9847;𝐚 𝐰𝐨𝐧'𝐭 𝐬𝐩𝐨𝐧9853;𝐚Ү47;𝐞𝐨;𝐮𝐬𝐥𝐲 𝐦𝐞𝐥𝐭 𝐝𝐨𝐰𝐧 ...
𝐨𝐧𝐜𝐞 𝐭𝐡𝐞 𝐬𝐩 𝐝𝐢𝐩𝐬 𝐛𝐞𝐥𝐨9856; 𝟏.𝟎𝟎

[sue999] 14/9/2022 11:34

Helpfull14 Sep '22 - 09:33 - 50038 of 50039 (Filtered)
CoIin Stein14 Sep '22 - 10:01 - 50039 of 50039 (Filtered)

[coiin stein] 14/9/2022 10:01

𝐖𝐡𝐞𝐧 𝐭𝐡𝐞 𝐒𝐏 𝐡𝐢𝐭𝐬 72p, 𝐰𝐡𝐢𝐜9841; 𝐈 𝐟𝐢𝐫𝐬9853; 𝐟𝐨𝐫𝐞9836;𝐚Ү52;𝐭 𝐢𝐧 𝐞𝐚𝐫𝐥9858; 𝐌𝐚𝐲 …
𝐈 𝐜𝐨𝐧𝐟9842;𝐝Ү38;𝐧𝐭;𝐥𝐲 𝐩𝐫𝐞𝐝9842;𝐜Ү53; 𝐚 𝐜𝐨𝐮𝐩9845;𝐞 𝐨𝐟 𝐭𝐡𝐢𝐧9840;𝐬 𝐰𝐢𝐥𝐥 𝐡𝐚𝐩𝐩9838;𝐧.

𝐒𝐡𝐞𝐞9849;𝐥Ү38;𝐬 𝐰𝐢𝐥𝐥 𝐛𝐥𝐞𝐚9853; 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩9845;𝐚Ү42;𝐧 𝐭𝐡𝐞𝐲 𝐧𝐞𝐯𝐞9851; 𝐬𝐚𝐰 𝐢𝐭 𝐜𝐨𝐦𝐢9847;𝐠.
𝐓𝐡𝐞 𝐃𝐨𝐧𝐚9845;𝐝 (𝐚𝐧𝐝 𝐭𝐡𝐞 𝟕 𝐟𝐚𝐧 𝐠𝐢𝐫𝐥9852; 𝐭𝐡𝐚𝐭 𝐠𝐫𝐞𝐞9847; 𝐭𝐢𝐜𝐤9838;𝐝 𝐡𝐞𝐫) 𝐰𝐢𝐥𝐥 𝐛𝐮𝐲 𝐦𝐨𝐫𝐞.

𝐓𝐡𝐞 𝐃𝐨𝐧𝐚9845;𝐝 ..𝟏𝟖 𝐀𝐮𝐠 '𝟐𝟐 - 𝟏𝟎:𝟒𝟔 - 𝐩𝐨𝐬𝐭 𝟒𝟗𝟔𝟖0788;
𝐆𝐫𝐞𝐚9853; 𝐧𝐞𝐰𝐬 𝐂𝐨𝐥𝐢9847;, 𝐈 𝐰𝐢𝐥𝐥 𝐛𝐮𝐲 𝐦𝐨𝐫𝐞 𝐭𝐡𝐞𝐧!

and don't forget to STAY ALERT

[helpfull] 14/9/2022 09:33

Tickety Tock! Tock! Tock! Tock!

Pending GSA. Delayed reporting of results to end March 2022 (with no reason given). The initiation and financing of the Topaz drill. The loan notes. There are so many clocks running the noise is deafening.

Be careful.

[blakieboy7] 14/9/2022 09:25

Plus the delayed accounts haven't helped!

[oilforex] 14/9/2022 09:19

Yes absolutely agree. Unfortunately there are those factors as well!

[blakieboy7] 14/9/2022 08:47

I'm not sure I fully agree forex. We've got uncertainty over the missing 2MM, and an outstanding debt. It's a combination of factors in my view

[oilforex] 14/9/2022 08:39

While a holder I think many of the valuations posted here in relation to our assets are just fanciful. Take a look at what Reabold just realised for their sale. The market doesn't believe such a high sale price is actually achievable. That is why we are sat where we are today.

[judijudi] 14/9/2022 08:04

Heading to sub 1p by the looks of things
What a Dog of a share and with management to more than match it
In fact compliment it!
imho