Empyrean Energy Share Discussion Threads

[brimsley] 07/11/2017 10:29

yes that is a fair question no motive just replying to those that are unrealistic here I like Duyung, infact mapped that area in BP days no conspiracy take a chance to learn something and no a bit about about calif and China small world it is for us

[csjcsl2] 07/11/2017 10:21

re brimsley,,going through your posts history,it appears eme are the only stock you wright about.your not short and your not long here.it appears your not invested in any other stock.what is your motive?

[timw3] 07/11/2017 10:19

Will not be surprised to see 40p+ here over the coming days

[brimsley] 07/11/2017 10:14

well you know I am frequently asked questions here as an oiler you do have to listen to my ideas but I suggest you consider an old rigger view up to you

[harrissen] 07/11/2017 10:12

blueblood
7 Nov '17 - 09:32 - 11987 of 11991 5 0

10/1 shot pmsl. I'll take a bit of that as it's more like evens....

.............................


80% chance of success here if some analysts are right!

[csjcsl2] 07/11/2017 10:04

brimsley..what are you doing here? why are so negative about this drill?
maybe I have missed something, but all seems very positive from where I am sitting, please enlighting me to what I may have missed in my research.

[brimsley] 07/11/2017 10:03

Indeed it is true you need a competent operator with runs on the board and preferably a Major in this area like Occidental Shell even Royale Matrix not some no names from Sydney but they odds are what they are

[kevjames] 07/11/2017 09:50

Brimsley,



"Today, the average wildcat well has only one chance in ten of finding an economic accumulation of hydrocarbons. A rank wildcat, if drilled in a frontier area, stands only one chance in forty of success. The reality is that most wildcats turn out to be dry holes, in fact about 82% of those drilled. The odds are much better for a development or extension well, but nothing is a sure bet in the oil business."

Your 1 in 10 is a bit off the mark for a hole that is far from dry and from the outset was a part developmental well ( upper zones) - Gary Jeffrey is quoted as saying this is a very gassy well. The issue is will it flow, in theory if there is sufficient pressure and a large accumulation of gas(and the indication are positive)it will unless the well bore is compromised (and this can happen). We will have a least 9 potential zones to go for, so there may be some zones that don't flow. Main thing is not to damage the well - so this requires knowledge and a good work-over crew with the right equipment - I am excited at the likely outcome and invested. I assume you will enjoy watching from the sidelines, you sound too nervous to invest and too nervous to short - perhaps i can suggest BP as an alternative but DYOR.

[starzerus] 07/11/2017 09:48

worth a repost.

[blueblood] 07/11/2017 09:32

10/1 shot pmsl. I'll take a bit of that as it's more like evens....

[brimsley] 07/11/2017 09:31

Upside 30p downside 10p mega hot money in this risk reward is good watch

[starzerus] 07/11/2017 09:26

you wouldn't want to short this now - very stupid and risky.

[brimsley] 07/11/2017 09:07

Shorters at play after all commercial flow at Dempsey is still a 10/1 shot play the odds bigguns do

[abergele] 07/11/2017 08:16

It.s the regular 25k seller who tries so frequently to
buy them back cheaper is here again.
He becomes the main culpret here for the topsy tervy theme
we have.

[kevjames] 07/11/2017 07:53

Harrisen

Good that you remind everyone that EME have 10% of what looks like a first class gas field in Indonesia. I don’t think the web site data that you posted is new - and the extended testing was only over a few days not many months and refers to information which is now a few months old. As Tarz states, we should get an update from Conrad soon, this should give details of the field development plan. My guess is this asset alone underpins the shareprice close to double figures.
Clearly no info overnight from California, but we must be getting close now. GLA.

[blueblood] 07/11/2017 07:18

Good news from Duyung with no pressure depletion over extended testing,

[starzerus] 07/11/2017 06:58

I do feel it must be time for an update on the Duyung PSC about now.

[harrissen] 07/11/2017 06:24

sellsell
7 Nov '17 - 04:42 - 11977 of 11978 1 0

Is this news recent?

.....................


I feel it is an ongoing update especially the bit about testing being completed.

"Down hole pressure gauges confirmed no pressure depletion over the extended production test"

[honestmarty] 07/11/2017 06:19

No news from Oz

Could be a bit of a rollercoaster.

And I hate rollercoasters.

[sellsell] 07/11/2017 04:42

Is this news recent?

[harrissen] 07/11/2017 04:25

Conrad Petroleum

Duyung PSC


"Test results suggest that the reservoir consists of laterally continuous, high permeability sands in the multi Darcy range. A final stabilised rate of 10.9 million cubic feet per day was recorded. This rate was limited by the available down hole production testing equipment. Down hole pressure gauges confirmed no pressure depletion over the extended production test."


The Mako Field is a very large gas accumulation with a lateral extent of approximately 340 square kilometres located adjacent to underutilised infrastructure and a strong energy market

The mako field appraisal

The Mako field is a shallow gas accumulation (1,700 feet) in the Intra Muda (Plio-Pleistocene) sandstone's in a large NE-SW elongated anticline, approximately 47 kilometres long and 16 kilometres wide. The field has been intersected by three separate wells, Cakalang-1. Tenggiri-1 and Mako-1 with petrophysical analysis confirming the presence of gas in all three wells. A fourth well, the Mako South-1 well was successfully drilled in June 2017 by Conrad to its planned total depth of 1,707 feet and is the only well in the field to have a conventional core taken across the target zone for further analysis and to be flow tested.

An independent conceptual field development study on the Mako field has estimated the gas initially in place (GIIP) to be 705Bcf with an upside scenario of 1,317Bcf. The recoverable contingent resources for the Mako field are 433Bcf (2C) and 646Bcf (3C) respectively.


Testing of the previously discovered gas-bearing sand at the Mako South well has established 23 feet of net pay in the shallow Intra Muda Formation, with excellent reservoir quality rock, far better than our original prognosis. The well flowed high-quality gas that is close to 100% methane, with no CO2, H2S, or other Gas flows at various choke sizes and reservoir pressures at different build-up periods were also recorded. Test results suggest that the reservoir consists of laterally continuous, high permeability sands in the multi Darcy range. A final stabilised rate of 10.9 million cubic feet per day was recorded. This rate was limited by the available down hole production testing equipment. Down hole pressure gauges confirmed no pressure depletion over the extended production test. with no CO2, H2S, or other contaminants. No sand production was recorded during testing.


Gas flows at various choke sizes and reservoir pressures at different build-up periods were also recorded. Test results suggest that the reservoir consists of laterally continuous, high permeability sands in the multi Darcy range. A final stabilised rate of 10.9 million cubic feet per day was recorded. This rate was limited by the available down hole production testing equipment. Down hole pressure gauges confirmed no pressure depletion over the extended production test.

Conrad is the operator and 90% owner of the Mako South –1 well and the Duyung PSC together with AIM listed Empyrean Energy Plc who is the 10% owner.

Additional Prospects in DUYUNG PSC

Based on an analysis of the latest 2D and 3D seismic, additional high-impact exploration prospects have been identified in Duyung PSC. These prospects are located among the deeper synrift sequences and offer potentially recoverable reserves of more than 2Tcf of gas with condensate or close to 1 billion barrels of oil.

[thegreatgeraldo] 07/11/2017 00:46

marty,

Same as over here - before the market opens.

[honestmarty] 07/11/2017 00:10

Falling back a bit now.

Any idea what time they would release an update?

It is only 4pm California time

[honestmarty] 07/11/2017 00:01

Up almost 20% as I type !!!

Is there news?

[control1] 07/11/2017 00:00

Nice open for SGC, lots of buying....