Empyrean Energy Share Discussion Threads

[judijudi] 21/5/2024 10:09

cma,
I have for a long time

[cmackay] 21/5/2024 10:08

That's the $2m question. I have my suspicions.

[judijudi] 21/5/2024 09:50

Was it incompetence or something worse 🤷‍a94;️

[blueblood] 21/5/2024 09:27

Need to suffer like shareholders especially as fraud was sheer incompetence imo

[blueblood] 21/5/2024 09:01

Should have been on vastly reduced salaries following fraud and until our assets generate reasonable revenue or sold. Money for nothing.....

[judijudi] 17/5/2024 11:02

He’s had a lot of names over the years
Can’t remember many being complimentary (apart maybe from folk who think spudding wells on 5th rate projects are a cause for celebration)
imho

[aberdeenandy] 17/5/2024 10:47

He should change his name to Ned Kelly. A highway robber there is no doubt.

[blueblood] 16/5/2024 20:21

Needs ? out

[showme01] 16/5/2024 17:50

I feel like I get a Tom Kelly wedgey every time he does another salary 'sacrifice '

[judijudi] 16/5/2024 17:31

Salary sacrifice 😂🤣

[currypasty] 16/5/2024 16:33

is it salary sacrifice time ?

[digger2779] 16/5/2024 16:33

Won't be long before we are back to a quarter pee

[cmackay] 16/5/2024 06:11

Conrad up 7% overnight

[judijudi] 15/5/2024 07:31

I would ignore any target dates set by Conrad
Their track record is appalling
I would be very pleasantly surprised if they sign anything before the end of this month

[odillon] 14/5/2024 22:31

Stewart, on the domestic side:

"The parties shall endeavor to sign such GSA by no later than 31 May 2024"

We are running out of working days, but perhaps the endeavour will succeed.

[safiande] 14/5/2024 17:08

Stew,
It never was end May. This date is for the domestic DMO GSA with PGN only. The export GSA with Sembcorp at higher prices is still "within Q2".Signature of the export GSA will not result in a direct cash injection but could lead to a re-rating prior to any sale.

[stewart4990] 14/5/2024 16:24

Safi,

The key to all of this including Topaz is getting Mako GSA signed off so we know a value for our percentage, is the date still by end of May 2024.

Thanks

[safiande] 14/5/2024 14:47

IFC2,

Toon hasn´t displayed any operational knowledge nor interest in Mako. Not sure about Tom!
CRD has revealed that they plan to drill two dry tree wells which will generate revenue of US$75m, to offset a part of the overall capex of US$325m. This is mainly as a result of a slippage in maiden production to mid 2026. They haven´t stated when these two wells will come on stream but could be late 2025 / early 2026 following manufacture of the 60km pipeline tie in.
as per the latest qtrly they are still on target for FID in mid 2024. Also there is increased interest in the farm out as a result of operational & commercial progress which is potentially good news.

This is the relevant bit from CRD on the two dry tree wells:-

"Capital expenditures being optimised to reduce external capital requirements prior to first production e.g.first two dry-tree wells to be brought onstream first, generating initial revenues whilst subsea wells drilled.
Capital costs to initial revenues are currently estimated to be US$250 million(100%)."

[blueblood] 14/5/2024 14:26

At least we should find out then what the position is but on second thoughts this company is a law unto itself see $2m fraud issue!

[judijudi] 14/5/2024 12:18

July I think

[blueblood] 14/5/2024 11:44

When does our current Topaz licence expire? Summer 24 in back of memory?

[ifc2] 14/5/2024 10:03

Saf/Tom/Toon,At some point one of you mentioned two dry tree wells going forward.When would this be approx.

[aberdeenandy] 14/5/2024 09:39

It was quite extraordinary that they didn’t issue a follow up RNS about the missing $2m. I would think this would have been a regulatory requirement not just common courtesy to shareholders.

It shows a lack of guts not hold your hands up and admit to a mistake. They are still hiding behind non existent injunctive relief recovery action. Quite pathetic and it shows what a bunch of weasels the Board are.