Empyrean Energy Share Discussion Threads

[oilforex] 06/11/2024 08:27

Oh well, written these off. What a terrible offer for retail investors. Thanks Tom for the opportunity.

[flughafen17] 06/11/2024 08:15

Every AIM company needs a story, all EME had was the sale of their Indonesian stake, now there is a real chance of possible oil production and the excitement of a well drill ahead.

Fully diluted market cap at the raise price will be around £2.4m, shareholders should take comfort that the company is no longer on the critical list + the stake sale will still happen.

At current levels, if all goes to plan, this could multi bag from current levels, no good for long termers but for new entrants the current price is a good entry point.

[judijudi] 06/11/2024 08:11

How’s the Rose Tints this morning?

[cmackay] 06/11/2024 08:11

I have the money to participate but I have no intention of doing so.

This is worthless now.

[birotop] 06/11/2024 07:54

Cheerleaders step forward please..

[judijudi] 06/11/2024 07:29

That’s a proper kick in the teeth for all holders who have supported him over the years and can’t take advantage or don’t want to
This is a travesty
Imho

[showme01] 06/11/2024 07:17

Tom who lost us $2m on his watch through fraud is now selling EME an opportunity? Really.

[bungeetrader] 06/11/2024 07:12

Well there's the answer to what's been going on then!
Pretty big discount though but at least we are still alive.......

[blueblood] 05/11/2024 17:36

We plug on if they can't take the gas once we are ready for production Sembcorp will!

[blakieboy7] 05/11/2024 17:24

Disagree George

[georgesorrow] 05/11/2024 17:07

I'm not suggesting they will build the pipeline and exercise the option, I am just saying that the ministerial decision not to could take months going by past performance. It's two months since the export GSA was signed, but without the domestic gas decision we are still in indefinite limbo.

[safiande] 05/11/2024 17:05

The option for the DMO has always existed and is a part of the POD if the Indos can afford the pipeline. Nothing new there. No impact on the farm out. More colon stain type alarmist claptrap.

[blakieboy7] 05/11/2024 16:45

Agreed. The target for FID is end of this year or early January. Farm down has to happen prior to that

[blueblood] 05/11/2024 16:43

That won't hold it up highly unlikely they will build new pipeline costing $100m+

[georgesorrow] 05/11/2024 16:26

So we now have to wait an indeterminate length of time for Indo to decide whether or not to exercise its option for domestic gas, obviously blocking any farmdown in the meantime as no valuation is possible until this decision is taken

If by some miracle TK got the nod on an extension for Topaz, at this rate he is going to be in default again if he has offered to drill within 12 month of the licence ending (H1 2025) as there is only a month or so left for pre-drill procurement activities, seabed surveys, booking a rig etc.

[coiin stein] 05/11/2024 15:05

𝟮𝟬𝗽 𝗔𝗵𝗼𝘆! anybody ???
𝗢𝗛 𝗡𝗢 !!!!! …
now it's only 𝟬.𝟮𝟬 𝗮𝗵𝗼𝘆

[one2go] 05/11/2024 14:56

Nortrust must be delighted with their investment, they probably paid .25p, they have 58m shares, quite recently some folks were paying .30p

I wonder if Nortrust are in the market for more, in between the sells there have been some reasonably larger buys.

Maybe another TR1 soon?

[birotop] 05/11/2024 14:33

What nobody topping up?

[martym] 05/11/2024 13:01

Owner of 2 mil shares I've written this off!!!

[blueblood] 05/11/2024 12:54

Let's just get farm down done for Xmas ?

[pjj71] 05/11/2024 12:50

when's the delisting and asset sale to friends and family???