Empyrean Energy Share Discussion Threads

[judijudi] 29/9/2022 17:14

bishopawn
What are the nice surprises?
That we sell everything bar Topaz and Duyung for £1000? 😂🤣

[judijudi] 29/9/2022 16:49

Laz
What’s the 6.65?
I don’t understand the figures?

[bishopawn] 29/9/2022 16:42

Out of favour sentiment to end soon.All about sentiment looking forward to 2023 season of renewed activity with one or two nice surprises thrown in for good measure.

[georgesorrow] 29/9/2022 16:41

ADVFN figures are out of date.
Shares in issue 788,431,892, so MCap is bit higher.

[lazarus2010] 29/9/2022 16:16

Current market cap £6.65mln

Market Cap. [m] Shares In Issue
[m] beta EPS DPS PE Ratio Yield 52-Wks-Range
6.65 666.68 0.00 -0.19 - - - 13.00 - 0.85

$47mln NPV10 less loans, call it £40mln

40/6.65 = =6.015 x 0.85 = 5.11p

add in all the other assets = 5.11p ;-)

aimho

[lazarus2010] 29/9/2022 16:11

bish...Is Tom doing a 10 for 1 consolidation?

[blueblood] 29/9/2022 16:10

Think that's bit optimistic but successful Conrad IPO followed by approved PoD & signed GSAs and who knows! Must be worth 3p+ if anything like imo....

[bishopawn] 29/9/2022 16:08

Roll on 5 pence by year end.

[stewart4990] 29/9/2022 14:14

Those last 2 trades don't look like buys, that said my buys are usually badly timed.

[blueblood] 29/9/2022 14:07

If this buying keeps up we might get back to a penny soon.....:-(

[martym] 29/9/2022 12:57

Added 106k small punt

[stewart4990] 29/9/2022 12:18

Decided to add, that's my 50K

[lazarus2010] 29/9/2022 12:16

m1sterx...any thing more from the presentation? Can you please post on the Coro bb? I've just c&p'd your above post. Thanks

[m1sterx] 29/9/2022 12:04

Having attended the Coro Energy presentation last evening readers may be interested in a few snippets of information, needless to say they pointed to the significant value of Duyung stake compared to their current £6m m/cap, the CFO suggested that the value gap will close as investors draw attention to Conrad upcoming market listing.

When pressed the CFO said their stake could quite easily be sold (it appears there are buyers) however they wanted to ensure the best value for the shareholders, he said they needed $38m to fund development if they kept the 15% interest of which 70% could be raised by debt funding.

Most interesting (and outside of the presentation) speaking to a fellow who is taking part in the Conrad IPO, he suggested they have already raised $15m of the suggested $45m from investors close to Conrad, they have embarked on an investor roadshow hoping to raise the balance.

Despite difficult markets the Conrad IPO seems to be progressing at reasonable pace which has to be beneficial for EME.

No advice intended.

[lazarus2010] 29/9/2022 11:41

granny, any farminee would only be thinking of the 49%. If Topaz has the potential of near 900mmbbls of reserves, the target is 450mmbbls. Also the fact that CNOOC would pay for 51% of all costs after commercial oil is discovered, would mean that any farminee would effectively be paying their final %age of half the cost, which would be the same more or less if they were targeting 450mmbbls by themselves, so effectively they could get say 80% of 450mmbbls and only pay 40% of the expected operating costs. Win Win I think?! AIMHO NIAI DYOR

[the donald] 29/9/2022 11:37

Farmees would still be able to farm into 49% which could still provide great returns on success.

[grannyboy] 29/9/2022 11:32

I think it's the fact that CNOOK get 51% of the license if they find hydrocarbons without putting anything into it without getting paid that puts farmees off investing.. Win win for CNOOK!

[the donald] 29/9/2022 11:31

JJ, my thoughts too.

[crab4t] 29/9/2022 11:23

Ditto Sage

[the sage] 29/9/2022 11:21

Despite being a red, blue is my favourite colour.

[blakieboy7] 28/9/2022 17:14

With his new profile! Probably Helpfull or CM

[blueblood] 28/9/2022 16:11

You're Roundtheeffinbend....

[roundtheworld] 28/9/2022 14:31

At least when the share price gets down to zero it can’t fall any further.

In a way it will be a relief!