Empyrean Energy Share Discussion Threads

[digger2779] 19/4/2024 13:10

That daily chart above is very misleading. It shows the blue line at .57 above the red line at .54. Yesterday's bid as per a dummy sale was .52. So when I saw today's "rise" on the chart I was expecting a dummy sale in the region of .54/.55. What do I get quoted......0.004296!!!!

Jeez this is getting from bad to worse considering there's only been 2 small trades today so far.

[safiande] 19/4/2024 13:02

Blakie,

New updated Q2 presentation issued yesterday 18 Apr by Coro just 3 days since the initial Q2 release on 15 Apr. However there doesn´t appear to be any material differences. Still includes the strange internal timeline of Q1 2025 for FID. Also still includes the revised overall resource estimate which differs from EME´s RNS figure as derived from CRD´s annual report.

[judijudi] 18/4/2024 13:38

Sorry
But it’s a big fat no!
Always say it how I see it me
If the situation changes to a positive outlook my posts will reflect as much

[ifc2] 18/4/2024 08:47

JJ, you trying your best again to encourage new holders. Give us all a break please.

[showme01] 18/4/2024 07:21

Successful......Tom Kelly has earnt a fortune and amassed a huge number of shares trying to run (poorly), a small oil and gas exploration company. Its been a personal success for Tom Kelly.

[judijudi] 18/4/2024 05:56

For all those who think we should carry on if we lose Topaz shall we play a little quiz

Since listing on 27.7.2005 (was the share price about £1.50? I forget)

Name the successful projects and the duff projects since inception that Oliver has got us involved in

I’ll start on the duffers (I’ll start with just one as I don’t want to spoil this woeful quiz for you all)

Duffer:
Glantal

[judijudi] 16/4/2024 08:49

Maybe because Conrad have continually failed over the years to hit any timeline targets they themselves have set

[blakieboy7] 16/4/2024 08:17

Saf Coro have marked that date with an asterisk and advised it's estimated. Not sure why they would guess many months into the future vs Conrad?! Odd

[safiande] 15/4/2024 16:48

Updated presentation today 15 Apr from Coro.
GSA approvals & Farm out bid this qtr.
FID ( Coro timeline )appears to have slipped to Q1 2025 which is clearly incorrect. FID as per Conrad is mid 2024 to meet first prod in mid 2026.

[odillon] 12/4/2024 18:49

Sorry about the extra zeros Stewart - I hope that you didn't book a holiday of a lifetime!

[blakieboy7] 12/4/2024 17:37

htTps://www.proactiveinvestors.co.uk/companies/news/1045208/coro-energy-welcomes-eurobond-standstill-letter-1045208.html

[blakieboy7] 12/4/2024 17:31

Saf, if Eme could stay in Duyung, with a small percentage, that might be better for company survival rather than going on all in on China

[safiande] 12/4/2024 16:56

Blakie,

You didn´t have the courtesy of commenting on our reply to your question yesterday on funding development capital. Our reply included the possibility of using maiden reserves which they can book at FID in mid year. You can be sure that Coro is doing the right thing in employing a specialist adviser to assist in a debt solution which could include using reserves backed funding. As mentioned yesterday, it could well be a collective solution for Conrad & EME also for their portion of development expenditure. Even if there is a farm down, remaining capital costs will still need to be covered. Current overall capex at 100% is US$325m mainly for the new 60km pipeline and the wells. Capex to advance revenue from the 2 dry tree wells is US$250m.

[stewart4990] 12/4/2024 16:33

Yes 8.5%, still on the ground thinking what have I missed 600 Billion, ah 6 Billion

[safiande] 12/4/2024 16:18

Coro RNS just out confirming that they are finalising contractual arrangements with a specialist, London-based, E&P financial advisor to assist procuring a debt solution for its element of the required development capital at Mako.
Could indicate that they plan to stay in at least partially and maybe just for the first 5 - 7 years when cash flow is at its highest Does not mean that EME plan to do the same as Coro as EME still has Topaz as far as we are aware. Depending on any farm down Coro´s equity is of course higher than EME´s 8.5%.

[blakieboy7] 12/4/2024 16:14

RNS out on Coro for anyone interested re loan standstill

[judijudi] 12/4/2024 13:11

It’s got to be a distinct possibility with this shower running EME

[odillon] 12/4/2024 12:12

It would be exasperating in the extreme if EME have done and paid for all the surveying and for Jade and then Cnooc took the prize.

[judijudi] 12/4/2024 11:19

Squandering our money as they have been for years!

[blueblood] 12/4/2024 10:16

What a load of rubbish this is turning out to be with Topaz updates nowhere to be seen. What the hell are the grewsome twosome doing to earn any pay!