Empyrean Energy Share Discussion Threads

[judijudi] 20/9/2022 09:32

With our awful record it’s throwing good money after bad
And our resident Geologists hasn’t shown any confidence in Topaz by buying shares at this bombed out price just like he didn’t with Jade before the drill!
imho

[buzzzzzzzz] 20/9/2022 09:12

Drill Topaz!

[bushman1] 18/9/2022 16:55

My question is this. If you were in Tom Kelly ' s and Gaz Bishts position ~. Mako sign off, CLN holders then hugely comfortable ~ how would you approach the big prize. ?

[bushman1] 18/9/2022 16:51

Once we hopefully have confirmation, the CLN holders will surely continue to do so. The next catalyst for the EME share price will be an announcement regarding funding for Topaz. This is the raison d'etre I suggest for their loyalty to EME. As I posted a few months ago, the Chinese Government are investing billions of $ into the South China Sea region. Topaz will be a major source of much needed energy supplies to China, based on all factual data provided.

[bushman1] 18/9/2022 16:38

The CLN holders have held firm.

[bushman1] 18/9/2022 16:36

After the disappointment of Jade it does appear from the CORO updates the Indonesian Government will shortly sign off on the Mako deal.

[bushman1] 18/9/2022 16:32

As per my previous post, many thanks again. That is some great research. I have a question for you if I may ?

[blueblood] 18/9/2022 09:15

Well you know sfa....

[jon12345] 17/9/2022 18:44

"it provides a real insight into how big this deal is"

...so it's secret that only we know?

[lowsulpher1] 17/9/2022 18:40

Hi All 8.5% of Dyung could be worth $50 mil + with todays gas prices.

[mhfrancis] 17/9/2022 13:39

87. 5%= 100% of the field eme have8.5% which works out at7,437500 bls its a lot of dosh a lot more than a penny a share

[thetoonarmy2] 17/9/2022 12:34

Conrad IPO 21st October!

[bushman1] 17/9/2022 09:04

Many thanks. A very helpful post. 10 / 10 Always good to know the complete situation.

[bishopawn] 17/9/2022 00:12

5 pence by Christmas.

[helpfull] 16/9/2022 20:44

What's the cash situation?

$19,000 at end of March 2022.

£178,600 (approx $230,000) received from warrants in April.

$2.25 million raised 10 May 2022 (minus 10% costs).

$250,000 earmarked for CNOOC and the Topaz drill.

G&A costs last year were $1.6 million (taking out cyber fraud and exploration costs). For 6 months ending September 2022 G&A might be $800,000.

Overall $1.22 million current cash position. Less any ongoing costs for Jade. Take away $800,000 G&A for the next six months and cash would be depleted before meeting the $3,300,000 loan note repayment by 1 Dec 2022.

Just found additional costs for Empyrean in the results:

"Additional commitments for the 2022/23 financial year consist of an annual assistance fee to CNOOC of US$67,000, an annual personnel representative fee to CNOOC of approximately US$260,000 and an annual prospecting fee of US$128,000"

and

"The Company incurs quarterly cash calls of approximately US$10,000 for overheads, geological and geophysical costs and approximately US$48,000 for its share of associated lease obligations annually"

The former is $455,000 costs and the latter $88,000 a year. That cash raise gets closer by the hour.

Be careful.

[jemjem] 16/9/2022 15:34

It's well worth taking the time to read the IPO prospectus. It's long, for sure, but provides a huge amount of background information as to what has been going on for the last couple of years. Most importantly it provides a real insight into how big this deal is, how much work has gone into getting it over the line and provides total reassurance that it will, eventually get there. All the partners, including SKK Migas and the Indo government, want this to work.
A bit of weekend reading!
Imo

[bushman1] 16/9/2022 13:37

Unable to C & P , updates on CORO and EME included in Malcy ' s blog. Added a few more today , also price averaging down.

[10owen] 16/9/2022 13:12

The 1.04ps are buys not sells as shown on advfn.

[helpfull] 16/9/2022 13:05

What's the cash situation?

$19,000 at end of March 2022.

£178,600 (approx $230,000) received from warrants in April.

$2.25 million raised 10 May 2022 (minus 10% costs).

$250,000 earmarked for CNOOC and the Topaz drill.

G&A costs last year were $1.6 million (taking out cyber fraud and exploration costs). For 6 months ending September 2022 G&A might be $800,000.

Overall $1.22 million current cash position. Less any ongoing costs for Jade. Take away $800,000 G&A for the next six months and cash would be depleted before meeting the $3,300,000 loan note repayment by 1 Dec 2022.

Be careful.

[coiin stein] 16/9/2022 12:53

𝐚𝐬 𝐩𝐫𝐞𝐯9842;𝐨Ү54;𝐬𝐥;𝐲 𝐦𝐞𝐧𝐭9842;𝐨Ү47;𝐞𝐝; (𝐩𝐨𝐬𝐭 𝟒𝟗𝟔𝟖0786;)

𝐄𝐌𝐄 𝐢𝐬 𝐢𝐧 𝐒𝐭𝐚𝐠9838; 𝟒 𝐨𝐟 𝐬𝐭𝐚𝐠9838; 𝐚𝐧𝐚𝐥9858;𝐬Ү42;𝐬.
𝐀 𝐜𝐥𝐚𝐬9852;𝐢Ү36; 𝐞𝐱𝐚𝐦9849;𝐥Ү38; 𝐢𝐧 𝐟𝐚𝐜𝐭, 𝐜𝐨𝐦𝐩9845;𝐞Ү53;𝐞 𝐰𝐢𝐭𝐡 𝐚 𝐜𝐨𝐧𝐭9842;𝐧Ү54;𝐚𝐭;𝐢𝐨𝐧 𝐠𝐚𝐩 𝐚𝐧𝐝 𝐯𝐨𝐥𝐚9853;𝐢Ү45;𝐢𝐭;𝐲.

𝐓𝐡𝐞 𝐛𝐫𝐞𝐚9844;𝐝Ү48;𝐰𝐧; 𝐦𝐚𝐫𝐤9852; 𝐭𝐡𝐞 𝐬𝐭𝐚𝐫9853; 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐚𝐠9838; 𝟒 𝐝𝐨𝐰𝐧9853;𝐫Ү38;𝐧𝐝;, 𝐰𝐡𝐞𝐧 𝐬𝐞𝐥𝐥9838;𝐫Ү52; 𝐜𝐨𝐧𝐭9851;𝐨Ү45; 𝐩𝐫𝐢𝐜9838; 𝐚𝐜𝐭𝐢9848;𝐧, 𝐨𝐟𝐭𝐞9847; 𝐝𝐫𝐨𝐩9849;𝐢Ү47;𝐠 𝐬𝐞𝐜𝐮9851;𝐢Ү53;𝐢𝐞;𝐬 𝐭𝐨 𝐝𝐞𝐩𝐫9838;𝐬Ү52;𝐞𝐝; 𝐥𝐞𝐯𝐞9845;𝐬 𝐮𝐧𝐚𝐧9853;𝐢Ү36;𝐢𝐩;𝐚𝐭𝐞𝐝 𝐛𝐲 𝐨𝐩𝐭𝐢9846;𝐢Ү52;𝐭𝐢;𝐜 𝐛𝐮𝐥𝐥9852;. 𝐃𝐢𝐬𝐢9845;𝐥Ү54;𝐬𝐢;𝐨𝐧𝐦𝐞
19847;𝐭 𝐚𝐧𝐝 𝐥𝐨𝐬𝐬 𝐨𝐟 𝐟𝐚𝐢𝐭9841; 𝐜𝐡𝐚𝐫9834;𝐜Ү53;𝐞𝐫;𝐢𝐳𝐞 𝐭𝐡𝐢𝐬 𝐮𝐧𝐜𝐨9846;𝐟Ү48;𝐫𝐭;𝐚𝐛𝐥𝐞 𝐩𝐞𝐫𝐢9848;𝐝, 𝐰𝐡𝐢𝐜9841; 𝐜𝐚𝐧 𝐭𝐚𝐤𝐞 𝐚 𝐥𝐨𝐧𝐠 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐰𝐨𝐫𝐤 𝐭𝐡𝐫𝐨9854;𝐠Ү41; 𝐭𝐡𝐞 𝐬𝐲𝐬𝐭9838;𝐦. 𝐓𝐡𝐞 𝐬𝐭𝐚𝐠9838; 𝐨𝐟𝐭𝐞9847; 𝐛𝐞𝐠𝐢9847;𝐬 𝐨𝐧 𝐡𝐢𝐠𝐡 𝐯𝐨𝐥𝐚9853;𝐢Ү45;𝐢𝐭;𝐲 𝐛𝐮𝐭 𝐞𝐧𝐝𝐬 𝐨𝐧 𝐥𝐨𝐰 𝐯𝐨𝐥𝐚9853;𝐢Ү45;𝐢𝐭;𝐲 𝐛𝐞𝐜𝐚9854;𝐬Ү38; 𝐚𝐩𝐚𝐭9841;𝐲 𝐚�5533;𝐝 𝐝𝐢𝐬𝐢9847;𝐭Ү38;𝐫𝐞;𝐬𝐭 𝐡𝐚𝐯𝐞 𝐭𝐚𝐤𝐞9847; 𝐭𝐡𝐞𝐢9851; 𝐭𝐨𝐥𝐥, 𝐝𝐫𝐨𝐩9849;𝐢Ү47;𝐠 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮9851;𝐢Ү53;𝐲'⻑2; 𝐯𝐨𝐥𝐮9846;𝐞 𝐭𝐨 𝐜𝐲𝐜𝐥9842;𝐜Ү34;𝐥 𝐥𝐨𝐰𝐬.

𝐁𝐮𝐥𝐥9842;𝐬Ү41; 𝐬𝐞𝐧𝐭9842;𝐦Ү38;𝐧𝐭; 𝐢𝐬 𝐚𝐥𝐢𝐯9838; 𝐚𝐧𝐝 𝐰𝐞𝐥𝐥 𝐚𝐭 𝐭𝐡𝐞 𝐬𝐭𝐚𝐫9853; 𝐨𝐟 𝐒𝐭𝐚𝐠9838; 𝟒, 𝐞𝐧𝐜𝐨9854;𝐫Ү34;𝐠𝐢;𝐧𝐠 𝐝𝐢𝐩 𝐛𝐮𝐲𝐞9851;𝐬 𝐭𝐨 𝐞𝐧𝐭𝐞9851; 𝐭𝐫𝐚𝐝9838;𝐬 𝐰𝐡𝐢𝐥9838; 𝐩𝐫𝐞𝐝9834;𝐭Ү48;𝐫𝐲; 𝐚𝐥𝐠𝐨9851;𝐢Ү53;𝐡𝐦;𝐬 𝐬𝐞𝐭 𝐨𝐟𝐟 𝐯𝐞𝐫𝐭9842;𝐜Ү34;𝐥 𝐬𝐪𝐮𝐞9838;𝐳Ү38;𝐬 𝐛𝐞𝐜𝐚9854;𝐬Ү38; 𝐭𝐡𝐞 𝐛𝐫𝐞𝐚9844;𝐝Ү48;𝐰𝐧; 𝐚𝐭𝐭𝐫9834;𝐜Ү53;𝐬 𝐚𝐦𝐚𝐭9838;𝐮Ү51;𝐬 𝐰𝐢𝐭𝐡 𝐰𝐞𝐚𝐤 𝐬𝐡𝐨𝐫9853;-𝐬w838;𝐥⻐5;𝐢𝐧𝐠 𝐬𝐤𝐢𝐥9845;𝐬. 𝐇𝐨𝐰𝐞9855;𝐞Ү51;, 𝐡𝐢𝐠𝐡 𝐯𝐨𝐥𝐚9853;𝐢Ү45;𝐢𝐭;𝐲 𝐚𝐥𝐬𝐨 𝐟𝐨𝐫𝐜9838;𝐬 𝐬𝐞𝐜𝐮9851;𝐢Ү53;𝐢𝐞;𝐬 𝐭𝐨 𝐟𝐚𝐥𝐥 𝐟𝐚𝐫 𝐦𝐨𝐫𝐞 𝐫𝐚𝐩𝐢9837;𝐥Ү58; 𝐭𝐡𝐚𝐧 𝐭𝐡𝐞𝐲 𝐫𝐨𝐬𝐞, 𝐚𝐥𝐥𝐨9856;𝐢Ү47;𝐠 𝐩𝐞𝐫𝐟9838;𝐜Ү53;𝐥𝐲; 𝐭𝐢𝐦𝐞9837; 𝐬𝐡𝐨𝐫9853; 𝐩𝐨𝐬𝐢9853;𝐢Ү48;𝐧𝐬; 𝐭𝐨 𝐛𝐨𝐨𝐤 𝐰𝐢𝐧𝐝9839;𝐚Ү45;𝐥 𝐩𝐫𝐨𝐟9842;𝐭Ү52;.

𝐁𝐔𝐓 .. 𝐢𝐟 𝐢𝐧 𝐝𝐨𝐮𝐛9853;, 𝐒𝐓𝐀𝐘 𝐀𝐋𝐄𝐑9827;