Empyrean Energy Share Discussion Threads

[georgesorrow] 21/10/2024 16:32

Someone getting the final word at auction - all time low.

[soggy] 21/10/2024 07:39

And the usual weird spread - it shows up 20% but my portfolio's down... Topsy turvy - par for the course with all things EME!

[neilyb675] 21/10/2024 07:14

strange trading this morning

[blakieboy7] 20/10/2024 09:38

Was thinking that the change may be causing the delay. CRD quarterly report out end of the month

[jemjem] 20/10/2024 09:33

New Cabinet for Indo government starts tomorrow. Maybe that'll get things moving again. There's nothing like a high profile signing ceremony to get a minister off to a good start...

[judijudi] 19/10/2024 20:41

Hope we get another holding rns next week to pressure our resident 🐔 to divi up 🤞🤞

[odillon] 16/10/2024 12:50

I think there is misconception as a consequence of the price having come down. 1.7 million shares sounds like a lot, but the value of the transaction is showing up on another site as £5000. So that could well be a private investor rather than an institution. That said, I hope for their sake and for mine that they get a multi bagger out of it.

[blakieboy7] 16/10/2024 11:09

Hi George, Nortrust don't seem to be overly concerned, so hopefully it won't be an issue. In the meantime, I'm optimistic we'll get the values from CRD in the near term

[neilyb675] 16/10/2024 11:03

1 = person
2 = people

Happy to lecture you accordingly.

[georgesorrow] 16/10/2024 11:02

People? There's only three buys; one was Nortrust (possibly), one was blakie.

blakie, you're not fazed at all by the £12m claim then?

[neilyb675] 16/10/2024 10:33

People bailing TRP, buying here.

[blakieboy7] 16/10/2024 09:57

1.7MM buy - Nortrust buying again?!

[neilyb675] 16/10/2024 09:44

Every little helps

[blakieboy7] 16/10/2024 08:06

Another 200k for me

[blakieboy7] 15/10/2024 10:47

Nortrust having a day off today?! :)

[lowsulpher1] 15/10/2024 09:10

Hi Neilyb675,these projects are useless.like Tom Kelly and Gaz.

[neilyb675] 14/10/2024 16:33

Empyrean remains optimistic about the significant value potential of its interest in Indonesia, which will be reflected in the current sell down process and the very recent execution of the export GSA between the Mako JV partners and Sembcorp as announced on 2 September 2024. The project has been further supported by strong gas prices in the Asian region.

Empyrean also has a 25-30% working interest in a package of gas projects in the Sacramento Basin, onshore California. While no activity occurred during the year Empyrean will assess the technical and commercial merits of other prospects or proposals as they are presented.



Empyrean has retained an interest in the Riverbend Project (10% WI) located in the Tyler and Jasper counties, onshore Texas and a 58.084% WI in the Eagle Oil Pool Development Project, located in the prolific San Joaquin Basin onshore, Southern California. No technical work has been undertaken on these projects during the year.

[neilyb675] 14/10/2024 16:32

A successful sell down of our 8.5% interest in the Duyung PSC will enable the Company to reset and move forward with its exploration objectives as well as make repayment of the Convertible Note.

We now eagerly await the conclusion of the sell down process at which point in time the Company will be able to set its objectives for the 2024/2025 period and beyond.

[blakieboy7] 14/10/2024 15:55

I reckon we'll get another holdings RNS by the end of next week

[petercrosby] 14/10/2024 15:44

Does it not all just suggest that Nortrust aren't finished building their stake?

[jemjem] 14/10/2024 15:35

Perhaps "balancing trades" to square up a book or position? I've noticed that there are often lots of small trades that go through when a mm changes their individual price. (Less so on eme).
Dunno. It's a bit of a mystery and no doubt all designed to confuse us mortals!

[neilyb675] 14/10/2024 14:13

jemjem

cheers for the detailed reply. What is your take on the small trades that we saw at .35

I also note that liquidity changes massively on the buy side. Again could be games but with II buying I am intrigued.

Last few days shows heavily weighted to the buy side.

[jemjem] 14/10/2024 13:59

Neily.
The spreads are so wide its easy for the mm's to manipulate this into an auction process by moving the price up or down by 10%. So this morning in the pre opening auction there was a market order in to buy 53000 shares. That would have created a trade more that 10% up from the previous close - hence the extended auction.

If anyone with DMA access puts in an order now to sell one share at market, that could cause a 5 minute auction on the downside and a trade at .2p - even thought it's really .255p bid.

So easy for them to mess with, if they want.
Imo