Empyrean Energy Share Discussion Threads

[judijudi] 21/9/2022 10:56

buzz
I’m sure you can glean a few questions for him from my previous posts
As you seem well versed in them and reply to the majority!

[buzzzzzzzz] 21/9/2022 10:50

I believe TK is appearing on Zoom!

I will check.

[10owen] 21/9/2022 10:46

Buzz you might ask the non execs what they have actually done to help shareholders whilst TK fritters away the crown jewels.Not a lot by the look of it.

[lazarus2010] 21/9/2022 10:40

Curry, as a company we can't afford the airfare and hotel expenses, although I'm sure TK would love to do some Christmas shopping on the company's expense (for travel and hotel anyway)

[currypasty] 21/9/2022 10:21

"I don’t believe TK or anyone else from Oz is coming over"


what a cop out!!

[thetoonarmy2] 21/9/2022 10:18

BuzzThink you will be only talking to the non execs as I don't believe TK or anyone else from Oz is coming over.

[buzzzzzzzz] 21/9/2022 09:44

Well I am going so if people would like to send me well structured questions I will do my best to ask them all.

Especially yours JJ!

[currypasty] 21/9/2022 09:38

is it time to get the old shareholder action group going again ?

[helpfull] 21/9/2022 09:38

Tickety Tock! Tock! Tock! Tock!

The phoney war. Waiting for the GSA or a cash raise?

Gaz. I'm minded of the story. No, not the 2-4weeks story. I'm minded by the story Tommy told. The one in which Gaz went against the grain and championed a drilling continuation when most had given up hope. And found riches. That story is more pertinent for Eme and its shareholders now. If it was believed before the Jade drill it should be believed now. There is no alternative for management but to go headlong into the Topaz drill. Whatever the consequences. It is what they do. For shareholders there is a simple choice. Hold or sell. So far the latter has been the wise choice.

Be careful.

[judijudi] 21/9/2022 09:11

👏👏
Brilliant Laz
👏👏
He won’t listen though
Never has (well he was forced to once)

[diarybeach] 20/9/2022 20:46

From experience there’s little chance of recovering the $2m they were duped into sending to a fraudsters account but obviously good luck to them.

[buzzzzzzzz] 20/9/2022 15:07

I am going to AGM and I will drill down and see what is going on re recovery.

I know EME wree considering taking action against the bank where the fraudsters had an account.

Trouble is now it is in the courts it takes an age to get judgement.

[solarfire73] 20/9/2022 14:35

Thanks for the clarification.

[safiande] 20/9/2022 14:34

Mike,
Re your figure above.
Based on the latest development plan, the first gas is expected in 2025 with a 120 mmscf/d production plateau and a gross recoverable 2C contingent resource of 413 Bcf.
Current PSC life i.e. approved license is 2037. However GCA has identified economic production until 2054. Globaldata previously mentioned 2051.
The above BCF figure is best case i.e previously mid case. The high case is 800+ Bcf. The GIIP is even higher. As per GCA the high case is 1 Tcf+. At present Conrad has chosen to use half of that amount.
Upside also exists to increase the plateau rate from 120 mmscf/d to 150 mmscf/d, should reservoir deliverability be sufficient. First gas sales could also be brought forward from 2025 to 2024 if the JVP decide to purchase LLTI. Conrad IPO (A$55m) is intended to cover inter alia FEED & long lead items. Therefore first production could be only 15 months away as the current forecast is the start of the year.
Finally, taken from the GCA report the post - tax NPV 10 best case ( mid ) contingent resource within the Duyung PSC acreage and within the life of Duyung PSC ( 2037 ) is $578m - $49m net to EME – representing a 51 per cent IRR. So say $50m net to EME which could increase based on best to high case, increased well production & sales to 150 mmscf/d related to well performance, PSC extended from 2037 to 2051, additional exploration potential below the current shallow discovery etc.

[judijudi] 20/9/2022 14:04

blakie,
Performance pay
Now that did make me laugh 😂🤣
This company rewards abject failures with pay rises and cheap options
Scandalous but hardly surprising given we are on the aim Cesspit
imho

[currypasty] 20/9/2022 14:01

thats how i read it blueblood

If TK was sure it wasn't his / the companies fault they would be off to court

[blueblood] 20/9/2022 13:46

Haven't COSL been paid in full? Any money we recover should go back into our bank!

[blakieboy7] 20/9/2022 12:45

JJ he's lucky he's not on performance pay!!

[michaelhfrancis] 20/9/2022 12:42

my reading of part of the annual report is gaffney clyne states that we have an 8.5% stake in a h144.4 million blrs of oil gas equivelent worth over 1 billion dlrs to eme if i am right will some one do the mats and thanks in advance

[judijudi] 20/9/2022 12:42

And he gets a pay rise for continued failures
🙈🤦🏻😩

[solarfire73] 20/9/2022 12:04

The update concerning the missing $2m is really very disappointing. Nothing new in the report and I just wonder how long COSL are prepared to wait for their money?