Empyrean Energy Share Discussion Threads

[odillon] 18/12/2024 08:16

In addition to what is a less than reassuring RNS, does anyone know anything about Apnea Holdings Pty Ltd?

It has previously featured in at least one similar transaction with EME to the latest one.

/wp-content/uploads/2017/08/110816_loan.pdf



Here is some information about Apnea Holdings Pty Ltd



At the time of writing if you scroll down you will see that it says in this website that LEI registration lapsed in 2022.

At the time of writing here is a further indication of the lapse



and another (scroll down to see)




What is LEI registration?

It seems to be quite important - see the next link



If anyone has any information to show that LEI registration is in fact current for Apnea or that it is not necessary please provide it.


btw - This is the HQ of Apnea

5 Albert Street
Claremont
Western Australia
6010
Australia

It appears to be a semi bungalow on a residential street. A nice sleepy backwater by the look of it. It is described by estate agents as "a fabulous family home"




Has Apnea ever done anything apart from the deals with EME?

[odillon] 18/12/2024 08:03

At the beginning of the RNS, EME say that they are disputing the CNOOC claim against them, which is what they have said before.

But later, towards the end of the RNS they say with regard to the claim "At this time, it is too early for the Company to form any opinion on the merits of any demands made therein"

So on the one hand they are disputing liability whilst at the same time saying they do not know whether or not there is any merit in the claim against them.

That seems somewhat muddle-head to me.

[mrblobbythe2nd] 18/12/2024 08:01

The market is a forward indicator, the stale bulls who operate here look at their losses and blame everyone but themselves, these individuals pressed the BUY button at 1p/2p+ etc.

The fall in the stock price of EME over the last 12 months is mainly due to market conditions plain and simple.

Worth remembering that the current m/cap of EME is just £2.4m, the Mako stake is worth multiples of that, the upcoming Cooper Basin project could multiply that market value many times also.

It is not like EME is selling at a £10m+ m/cap, there is excellent upside potential here for new entrants, that is why Nortrust have built their stake to 6% and could still be adding.

Buy low sell the highs.

[martym] 18/12/2024 07:58

Is this plus ve

[judijudi] 18/12/2024 07:48

“China is still a possibility”
😂😂

[cashandcard] 18/12/2024 07:37

Showme1,I'm talking reality as I see it. You don't have to accept any opinions. Owning shares or not is irrelevant.Cash

[showme01] 18/12/2024 07:29

China still a possibility

[judijudi] 18/12/2024 07:13

That reads well doesn’t it 🤢🤮

[cashandcard] 17/12/2024 23:33

No it doesn't. Shareholders here are actually glorified financial prisoners - warden Kelly has them under lock and key, with no intention of Letting them out soon. Duyung? It will take another 2-3years atleast imo. Plus, reckon any remaining balances from Duyung after settling debts, will just be rolled onto the next deadbeat project TK has lined up, whether it's with Apnea or some other concern. Value? every project is a money pit or stranded with no timelines. So, in my opinion, eme is just worth its cash value, I think price will fall to that over next few months.Cash

[odillon] 17/12/2024 22:00

It doesn't help that the partner company for the prospective Wilson project is called "Apnea" which is the state of ceasing to breathe temporarily. This is a medical condition which, if left unaddressed, can be life threatening.

Whoever came up with that name (presumably TK) was not giving a great deal of thought to shareholder confidence.

[odillon] 17/12/2024 21:39

Apart from in posts on forums on this site and on the LSE site I still cannot find any record of a 40 percent GCos (geological chance of success) for the Wilson project.

I am beginning to think that this GCos figure has been quoted mistakenly. But if it is genuine please could someone provide an official link with confirmation of a GCos percentage for the Wilson project with details of which organisation provided it.

I understand that further surveys are being carried out and so if it is the case that there is no GCos estimate now for the Wilson project, perhaps one will be forthcoming soon.

[odillon] 17/12/2024 13:35

Showme - You mentioned a 40 per cent geological chance of success for the Wilson drill. I cannot find this in the RNS's - was this an independent figure or is it EME's estimate?

This is what EME said about Jade which was an unsuccessful drill;

"The 2021 drilling campaign is targeting a world class conventional oil target in the Jade Prospect, to which Gaffney Cline & Associates ("GCA") assigned a Geological Chance of Success ("GCoS") of 32%. Subsequent to this independent assessment, the Company completed a gas cloud study and post stack seismic inversion study that it believes further mitigates risk and increases the GCoS to 41%."

Obviously just because Jade failed it does not follow that Wilson would also fail, but I would like to know if the Wilson 40% Gcos is coming from an independent source or from EME?

[judijudi] 17/12/2024 13:18

😂😂

[birotop] 17/12/2024 13:15

Stopping investors from buying into the company…that’s the biggest LOL of 2024, and believe me there have been a few whoppers.

[showme01] 17/12/2024 12:47

A successful drilling campaign at Wilson could literally be a game changer and far exceed the value of any sale in our 8.5% of Duyung imo.

[judijudi] 17/12/2024 12:46

FFS Low Sulphur here’s 2 out of your last 4 posts
Pot Kettle 🐔

lowsulpher1 - 15 Oct 2024 - 09:10:38 - 56107 of 56841 EME - Post Sale of Sugarloaf Asset - EME
Hi Neilyb675,these projects are useless.like Tom Kelly and Gaz.

lowsulpher1 - 02 Oct 2024 - 12:58:24 - 56009 of 56840 EME - Post Sale of Sugarloaf Asset - EME
Hi all if Topaz is gone there is only Duyun left just sell it and pay shareholders a divedent, Tom Kelly is a disgrace as CEO delivered nothing for shareholders only sat back and draw downing his salary himself and Gaz

[odillon] 17/12/2024 12:34

As I understand it the purpose of nominees is either to conceal the identity of a large shareholder or to reduce administration by acting for multiple shareholders.

If it is the latter which I believe is more common, I would think that on important votes individual shareholders would be able express their own preference. That being the case then a Nortrust vote isn't a block vote.

Also, in any vote, all the other minority shareholders including ourselves have the opportunity to have a say. The minority shareholders together hold the majority of the 2.55 billion shares in issue. Nortrust currently have 6.2 % of the shares. So even if it was a block vote others would have the opportunity to resist their will, whatever that might be, should they wish to do so.

Lowsulphur - suggesting the possibility of a dividend payout from Mako ought not to deter new shareholders. Clearly if Nortrust were to be recommending such a proposal to their client or clients they must see profit in it. The latest new shares purchased via Nortrust were at 0.1 pence and the current price is even less than that.

Does anyone care to estimate what the payout on each share would be if Mako was sold, debts settled and the balance proceeds divided between shareholders?

[judijudi] 17/12/2024 12:00

What’s negative about that comment?
It started with a fact and ended in a optimistic hypothesis
Oh and NO to you’re request

[lowsulpher1] 17/12/2024 11:00

Hi Judijudi will you stop putting negative comments on this BB you are stopping investors to buy shares in the company and your negative comments are not helping to move the price upwards.

[judijudi] 17/12/2024 08:45

SP now at an all time low 🤢🤮
I wonder if Nortrust are still buying?
They only have to spend another £40kish and they have more shares than our shower combined
Wonder what their plan is and what’s attracted them to EME?
I can only presume it’s to try and force through a divi on any Mako sale 🤞🤞
bwtfdik and imho

[currypasty] 16/12/2024 18:05

another 9m gone

[blueblood] 16/12/2024 16:40

Conrad gone very quiet again. They have really messed up big time with timescales and yet again another year goes by without farm out and FID. Outside their direct control but they must have had some pointers to likely process and outcome from sale process by now!

[judijudi] 16/12/2024 16:28

As per usual they will make appalling reading