Empyrean Energy Share Discussion Threads

[the donald] 23/2/2024 20:26

Anyone with a Telegram link pls

[blakieboy7] 23/2/2024 18:51

Or farm out.

[judijudi] 23/2/2024 18:46

Forget Topaz in any calculations
Unless of course we get an extension

[the donald] 23/2/2024 17:54

I was trying to be conservative and why I opened it up to some more knowledgeable people as to their estimates. It was just an example michmcd.

[michmcd] 23/2/2024 17:46

Was hoping for more than 2p to be honest .... but who knows what the chuff it will be.

[the donald] 23/2/2024 17:29

I've just been looking at the loan note liability to be repaid when the company sells Duyung. Let's assume a sale price of £40m ( just an example ), the debt is £4.6m plus 20% annual interest from December 23 plus 15% of the sale price so settle in May, that works out at approx £5m loan and interest plus an extra £6m as per the 15% of the sale price. That equals net to EME £29m or just over 2p a share with the new shares in issue after the placing.
What are peoples guesses on a realistic sale price of EME's 8.5% of Duyung?

Then there is a possible JV on Topaz but that can only be factored in on any announcement. Hopefully the news today will attract some new buyers.

[blakieboy7] 23/2/2024 17:11

Some late trades reported

[the donald] 23/2/2024 14:58

5m buy. Nice :-)

[odillon] 23/2/2024 13:40

The ministerial news sounds very promising. Here's hoping that the price, when revealed, brings us some good cheer.

[cashandcard] 23/2/2024 12:45

EME - should rebrand and have a company tagline;'Keeping hope alive' ;)

[safiande] 23/2/2024 12:42

blakieb,

Good spot. Many thanks. Your earlier post of an early Apr GSA could well be on the cards. Previously CRD mentioned that a commitment had been reached by all of the main parties to sign the GSA within Q2. The two prior main impediments, now overcome, were an improved price formula/ministrial approval and the delay in granting pipeline access by the consortium. The latter is perhaps surprising given that the WNTS is greatly under utilised.
It is unlikely that the allocation of agreed lower DMO prices compared to the export prices, will be an issue as the spurline to Batam may never be built because of the high cost and that it will cross busy shipping lanes.
Main agreements to follow in the next few weeks appear to be related to the tie - in agreement with the Kakap facilities operator, Gas Transportation Agreement with the pipeline JV etc.

[the sage] 23/2/2024 11:35

We are all aware of the deadlines that have been missed in the past, but this news adds confidence that the June deadline will be met.

[blakieboy7] 23/2/2024 10:46

SP Angel comments Conrad Asia Energy (CRD AU) A$0.95, Market Cap A$167m: Mako milestone passed • Conrad announced that the gas price and volume allocation for the Mako field project in the Duyung PSC (76.5% WI) has been approved by the Indonesian Minister of Energy and Natural Resources. • This is a significant milestone that allows the Company to finalise fully termed gas sales agreements (GSA), as it serves as the formal basis for reserving pipeline capacity for the evacuation of Mako gas. • Conrad is continuing to work with the relevant parties and SKK Migas to finalise the GSAs and hopes to take a final investment decision (FID) on the Mako field in mid-2024 that will target first gas in mid-2026. • Conrad continues to engage in discussions with potential partners regarding the farm down of the Duyung PSC, which will likely include the interests of its JV partners Coro (15%) and Empyrean (8.5%).The stock prices of Conrad's UK-listed partners, Coro Energy (CORO LN) and Empyrean Energy (EME LN), are up strongly (+25%) in early trading, which reflects the importance of the completion of the GSAs to farm down negotiations and thereby the future funding of both companies. Mako is the largest undeveloped gas field in the offshore Indonesia West Natuna Basin and the partners plan to export most of the gas by an existing pipeline network to Singapore. Only last month, Conrad told investors that the Mako Phase 1 development capex estimate has risen 30% to $325m, which reflects industry inflation, and that the Company forecasts $250m gross capex to first gas in mid-2026 based on a 120mmcf/d plateau rate. However, Conrad remains confident that the negotiations will be finalised by the end of 2Q24 and investors should continue to look for updates on the GSA talks and farm-down process for the Mako gas development, which will resolve the upcoming refinancing of Coro's Eurobond that matures in April 2024.

[coiin stein] 23/2/2024 09:08

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19825;𝐄w808;𝐓 𝐧𝐞𝐰𝐬 𝐭𝐨𝐝𝐚9858; 𝐟𝐨𝐫 𝐄𝐌𝐄
𝐆𝐨𝐨𝐝 𝐥𝐮𝐜𝐤 𝐭𝐨 𝐚𝐥𝐥 𝐡𝐨𝐥𝐝9838;𝐫Ү52;❞

[the donald] 23/2/2024 09:01

My understanding was the news today was all that was needed prior to GSA. Happy to be corrected. Must say, its great to be back :-)

[judijudi] 23/2/2024 08:58

So what is there left now too hold up the signing?

[blakieboy7] 23/2/2024 08:53

Coro is flying - 40% up

[the donald] 23/2/2024 08:33

Many thanks :-)

[blakieboy7] 23/2/2024 08:31

I'll ask in the group to share here

[the donald] 23/2/2024 08:28

Can anyone share the Telegram link pls? DM me or post on here. Thanks

[martym] 23/2/2024 08:17

MMS stopping the rise by increasing spread??

[tenner party] 23/2/2024 08:14

As always, two questions remain, how much and when. GLA.

[the donald] 23/2/2024 08:10

Light finally at the end of a very long tunnel with Duyung