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EME Empyrean Energy Plc

0.575
0.00 (0.00%)
Last Updated: 08:00:07
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean Energy Plc LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.575 0.49 0.632 - 251,431 08:00:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 0 -20.8M -0.0211 -0.27 5.62M
Empyrean Energy Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker EME. The last closing price for Empyrean Energy was 0.58p. Over the last year, Empyrean Energy shares have traded in a share price range of 0.28p to 1.40p.

Empyrean Energy currently has 985,470,767 shares in issue. The market capitalisation of Empyrean Energy is £5.62 million. Empyrean Energy has a price to earnings ratio (PE ratio) of -0.27.

Empyrean Energy Share Discussion Threads

Showing 276851 to 276870 of 281200 messages
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DateSubjectAuthorDiscuss
24/9/2022
10:46
How's Trinity doing for you? Lol
orkneyarab
23/9/2022
18:29
When asked at his year end review what his greatest achievements were in 21/22, TK proudly responded that he could now control a fart without following through.
roundtheworld
23/9/2022
15:12
laz, thanks for your view..

have you got a gas price chart for say a year or two to date, ive lost track where we are up too.. Brent is off nearly $5 to $85, just wondered if gas is still high

currypasty
23/9/2022
15:02
CURRYPASTY23 Sep '22 - 09:32 - 50189 of 50202
0 5 0
Stew, they don't know what to do, that's the trouble. Like most AIM CEO's they are just chancers and gamblers.

Can anyone realistically believe the GSA will come 'shortly' I can't! What would that do to the Conrad IPO? Would they pull it, or if it went ahead would it be fully subscribed?

---------------------------------------------------------------------------

Curry et al...fwiw...my take on this

Conrad themselves have got the CPR report and a NPV10 valuation of their asset.

The GSA, when it arrives, will basically confirm the NPV10 calculation, and I believe it may even increase it as the CPR more than likely errs on the side of caution.

IMHO Conrad have said fk it, we can't keep waiting, we can IPO based on the NPV10 figures and sell 30% of our shares. That way we get cash in hand while the NPV10 figure is high as it's based on $80 oil x 12%.

HNWIs / their advisors who take shares in the IPO will fully understand the discount to actual NAV being offered and will readily invest. Once listed and after the PoD and GSA are announced, the share price should rise. Conrad will benefit in 2 ways:

1. Cash in hand now in case PoO drops and the NPV10 drops
2. If the PoO doesn't tank (why should it, apart from a global recession!?) then their remaining 70% will increase in value as the share price rises in accordance with the PoD and GSA news.

EME and Coro have retail PIs investing who are like a shoal of sardines. As soon as a shark attacks they head for cover and bury their heads in the shoal, but as soon as the water clears they will come back en masse. Not good for the share price now or for any desperate fund raising. Both Coro and EME have loans outstanding and this puts fear into many investors, but as soon as those loans are covered the fear will disappear and the share price should rise.

That is unless our very own Baldrick has another fkng cunning plan!!

Have a great weekend, and remember, parks and libraries and a lot of museums are free, so us hard up EME shareholders can still pretend we have some money and take the kids/grandkids out for a cheap day!!

lazarus2010
23/9/2022
14:58
Duying worth sfa then?
blueblood
23/9/2022
14:32
Sorry folks, this going into administration
cazaman
23/9/2022
11:55
Cheers Buzz.
10owen
23/9/2022
11:53
10

I will do my best!

buzzzzzzzz
23/9/2022
11:22
That's fair enough Buzz but we do need some realistic idea of when we are likely to see the GSAs concluded.Are we waiting till post the G20 meeting as some have suggested.Perhaps you could quiz Eme at next weeks meeting and see what you can find out.They should also have an idea of value which I would like to think is at the high end of expectations.Whilst they won't give numbers you might be able to read between the lines from what they say.Thanks.
10owen
23/9/2022
11:05
Stewart

Don't you think that Coro and Conrad would
tell everyone about the GSA if they were able.

They are obviously not so it's no good blaming EME/TK for that, plenty of other things yes.

It's obviously being held up at Government level.

Once it is signed it will all become much clearer, values etc

buzzzzzzzz
23/9/2022
10:12
That is setteled then. No farm in.
After Conrad IPO, EME could sell their 8.5% for 10-15 milion and use it to pay debt and Topaz drilling and day to day expences.You dont need any news. that is all there is. Just waiting game. At this price it is worth the gambel.

sue999
23/9/2022
09:46
Have you only just realised this?
That’s why a farm in at Jade never happened (unless of course our esteemed and highly respected and regarded ceo wanted to go solo)
imho

judijudi
23/9/2022
09:26
I used to ask myself why they are not farming in for their china interests.
I now realise that it may be hard. The Company has an interest in Block 29/11 offshore China (100% during exploration and 49% upon any commercial discovery.
So at best EME will get 49%.If there is farm in, they can only give a porsion of this 49% away.Lets say they keep 29% and give away 20%. I cant see Any farm in company going in and paying the 10 milion cost of drilling for 20% stake unless the evidance of oil in the ground was very strong.If they only offer 2-3milion for 20% stake, then what is the point of farming in.

In fact it is CNOOC who have farmed in EEN to drill for free and get 51% of any discovery.

sue999
23/9/2022
08:49
The dreaded word “Confetti̶1;
🙈🤦🏻😩

judijudi
23/9/2022
08:48
You might be right Curry re the GSAs but if you are then Conrad looking to list next month looks a really stupid thing to do.Surely they must be confident that the POD will be rubber stamped followed by the GSAs.Lets hope so anyway.Again maybe Buzz can ask the question next week.
10owen
23/9/2022
08:32
Stew, they don't know what to do, that's the trouble. Like most AIM CEO's they are just chancers and gamblers.

Can anyone realistically believe the GSA will come 'shortly' I can't! What would that do to the Conrad IPO? Would they pull it, or if it went ahead would it be fully subscribed?

It seems we are powerless to do anything with our share until they are sorted.. but has TK lined a buyer up, what price will they pay, and more importantly when will we get cash.

Surely the elephant in the room is the loan repayment, time is running out. What are the options ? more confetti ?

currypasty
23/9/2022
08:30
Until they recover some of the money & get GSA approval they should be working for minimum wage. You should be paid for success not abject failure!
blueblood
23/9/2022
08:17
TK and clarity do not walk hand in hand
judijudi
23/9/2022
08:14
It won't be me Biro I think Stewart is spot on.The daft thing is that we could easily multibag from here once the GSA news arrives but the goal posts keep moving.We need clarity from TK asap.Lets hope Buzz gets some answers next tuseday or at the very least a realistic timeframe for positive news.
10owen
23/9/2022
08:02
No doubt somebody will post telling you to stop whinging, it’s O+G exploration don’t you know..
birotop
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