Empyrean Energy Share Discussion Threads

[hectorscrackwhores] 17/11/2017 09:41

I don't see them releasing another, badly formatted non-commercial announcement... it didn't help anyone but the traders.... Hopefully they will wait until they have good news

[nametrade] 17/11/2017 09:26

Some light reading.
another company in the basin...just some background info.

hxxp://www.magnumgpl.com/wp-content/uploads/2017/11/MPE_14112017.pdf

[trulyscrumptious] 17/11/2017 09:15

Confidence seems to have been eroded quite substantially by that RNS and the share price is falling in unison. Testing the poor zones first was perhaps not a very good idea. I wonder if Malcy managed to locate TK to get a better perspective, another bad result could see this fall back to 10p.

[brimsley] 17/11/2017 09:11

Toon maybe

[stewart4800] 17/11/2017 09:01

Looks to me like someone sold a big chunk, probably show up later, if I had any spare cash I would have added

[milojim] 17/11/2017 08:54

Basher, someone told me you like naked shorts. Got to admire your work ethic.

[brimsley] 17/11/2017 08:46

German market you say how appropriate this is tanking like the Panza Division

[cmackay] 17/11/2017 08:41

I'm holding personally. I would have topped up a couple k at these prices but I spent all my coins topping up tern yesterday. Ready to take your short profit yet, Brimmers? It could be the difference between Fortnums or Aldi for your Christmas dinner. The German market in Birmingham was a nice stroll through the city with my wife last night, in other news.

[brimsley] 17/11/2017 08:35

Pointless article, offering no useful analysis of the current situation
If you would not buy then surely you would SELL plenty are now Broken down

[cmackay] 17/11/2017 08:33

Couldn't even sell 10k (dummy sell)

[podium] 17/11/2017 08:29

Must be an MM asleep or drunk at their desk. Can buy sod all.

[cmackay] 17/11/2017 08:25

I've got 17 on bid and offer right now

[the guardian] 17/11/2017 08:24

Looking at the 25k sells, you could be tricked into thinking that someone was trying to pull the price down.

[cmackay] 17/11/2017 08:17

I can understand somebody being wary of buying in at this stage without further news, but it is irrelevant to anyone already in.

[terry hardacre] 17/11/2017 07:36

Pointless article, offering no useful analysis of the current situation

[starzerus] 17/11/2017 07:27

From Motley Fool

A few weeks ago, holders of £78m cap exploration firm Empyrean Energy (LSE: EME) could be forgiven for feeling rather smug. The shares soared to almost 28p in September on the back of encouraging updates relating to the company’s Dempsey 1-15 gas well in the Sacramento Basin in California. Given that the very same shares changed hands for just 1p each 12 months earlier, that is a quite incredible return for those who got in early.

Since then, they have come off the boil somewhat. In addition to a likely spate of profit-taking, the price fell heavily on Tuesday following a disappointing statement from the company.

Despite announcing that flow-testing and completion of the well was “continuing as planned“, it was revealed that the natural gas found at the lowest zone was flowing at “sub-commercial” rates based on current market prices. Seeking to reassure its owners, Empyrean stated that the analysis of the zone and its potential remained “at an early stage” with CEO Tom Kelly adding that the company remained “optimistic221; on the well’s potential based on the “significant gas shows” found while drilling.

With the company now preparing to target the next shallower zone, I can see further volatility ahead. As such, I remain wary of the shares at the current time.

[bad gateway] 17/11/2017 01:01

It was 2012 not 2013. They thought they had 180' of oil and it turned out to be water by the RNS's.
SCU #1 apparently.

[cmackay] 16/11/2017 22:42

Brimsley, you have a poor reputation on advfn for the spreading of lies that are easily verified.

[milojim] 16/11/2017 21:38

It's basher Brimsley. Hope you're getting a good commission for your long hours posting.

[bobby1904] 16/11/2017 21:04

Hope so niceyman but don't be too disappointed if not, as it could just as easily be Monday before we hear more....

[niceyman1] 16/11/2017 20:56

News tonight me thinks!

[telbap] 16/11/2017 20:56

Think that one will go in answered hector..It's great to call the bull spreaders out.