Empyrean Energy Share Discussion Threads

[honestmarty] 04/12/2017 00:04

Caution here
Looks like the worst case of PDFD I’ve even seen!
Do you agree Brimsley?

Brinsley

Where you got to boy?

[nickb] 03/12/2017 23:38

Sounds like Gary Jeffery is holding himself back from being hyper bullish until it’s official!

[dodgydd] 03/12/2017 23:37

I think it's great news. This will all come together with time. No rush, let's get it right. I think that's what they are doing. Slow and steady. Happy days.

[bishopawn] 03/12/2017 23:34

The second zone perforated has flowed dry natural gas and no water AND WITH A HIGHER HEATING VALUE BETTER THAN THE GAS FROM THE OVERLYING FIELD RESERVOIRS IN THE RANCHO CAPAY GAS FIELD .... further gathering of test data is required before we have sufficient information to meet regulator guidelines on reporting results....but gas flowing from this zone is VERY ENCOURAGING.

We have further multiple zones to test...the Dempsey reservoirs are VERY HIGH PRESSURE....We look forward to providing an update on current testing shortly.

--------------

Excellent news imho, and obviously restrained by Stock Exchange Regulations about details of testing at present, until further testing takes place.

I think that we are certainly at the early stages of assessing of a World Class Gas Resource and thus a buying opportunity that will pay off handsomely.

[bluehooperman] 03/12/2017 23:18

SGC up 12.5% with 500,000 shares traded in first 15 minutesFingers crossed for us in the morning

[jacksspitfire] 03/12/2017 23:18

Also check out comments on the first test zone.... sweet all bubbling in the right direction

[bluehooperman] 03/12/2017 23:12

Gary Jeffery still very bullish though :-))

[jacksspitfire] 03/12/2017 23:12

Bulls eye.. this will fly tomorrow 6000 psi

[bluehooperman] 03/12/2017 23:08

Rns out in OzA bit confusing to say the leastGas flowing, but they aren't giving any details!!!

[bushman1] 03/12/2017 22:13

Stewart. It's speculative observation from two posters on the Hotcopper SGC bb. Both quite clued in to O & G matters. They worked out the estimated time frames for setting up testing for the second zone + perforation procedure etc. We'll know fairly shortly..

[stewart4800] 03/12/2017 21:44

BushmanWhere is that speculation from ?

[bushman1] 03/12/2017 21:34

Agreed. However there is speculation it will be from this Wednesday night onwards. ASX opens at 23.00 hrs. 11 hours ahead. SGC / PCL / XST might put out notification(s) of an impending RNS on their Hotcopper bb's slightly before then. This is what SGC have done previously. GLTA.

[niceyman1] 03/12/2017 21:20

Got to be some news on Demsey tonight?

[kumala] 03/12/2017 20:36

Abergele ...Are you north or south wales?Im S.Wales........RegardsK

[abergele] 03/12/2017 18:10

D1NGA,
Hello,no ,I still live in Wales,would love to be here full time,BT alas the wife won't move,hence I slip away myself
Not bad really eh.keep buying all,stop selling,thers no bad news only in your thoughts..gla lth,s

[cmackay] 03/12/2017 11:37

Don't forget, China update is expected before Christmas. Revenue from China will take longer than anything that Sacramento can provide but when it is being priced in then the current price will be a bargain, not to mention anything bought cheaper.

[desertrat2] 03/12/2017 07:26

Thanks Bishop, i was perhaps reading too much into your post and took as fact that the well was flowing at that rate right now rather than potential ! Anyways as you rightly say best of luck to all next week another cliff hanger no doubt

[rutter] 03/12/2017 04:11

Good read BP Thanks

[bishopawn] 02/12/2017 23:55

desertrat2

I am as sure as I can be, because the source is the Managing Director of Sacgasco himself. Please read below and go the the company website to view the two presentations he gives there.

(1) Sargasco's owned meter station 200 feet from the well head, can take up to 20 million cubic feet of gas per day, nice clean dry gas....

(2) That equates to up to $60,000 of cash flow per day.

(3) The total recovered gas from the whole Dempsey prospect amounting to 1 Tcf (perhaps more) will equate to $3 billion of gross cash flow over the life of the reservoir.

These figures above are specifically stated in the September 2016 presentation.
Watch it for yourself on the Sacgasco Company Website in the folder marked MEDIA. You will find the two Oil Conference Presentations both given by Managing Director of Sacgasco, Gary Jeffery.

LINK:

In the second presentation of September 2017, he said that Dempsey has many gas traps that have been overlooked in the past and the basin is underexplored. Operators in the past were only interested in the oil, not gas, plus the infrastructure was not in place to take gas in those days.

He also stated that they had lost count on how many zones with significant gas shows had been encountered during drilling Dempsey. Fortunately they had set casing in the well at the G zone, because after that they met gas blows that they may not have been able to handle without casing in place.

Plus he said that gas prices can be easily hedged out to the end of 2028 with prices well in excess of $3 mcf.

This is a World Class Reservoir. A game changer for Sacgasco and Empyrean.

Best of luck for next week.

[t350toad] 02/12/2017 22:47

Many congrats starz. TG....massive face palm!

[starzerus] 02/12/2017 22:26

Yesterday I became a granddad for the fourth time. A boy this time. all is well.


Feeling so happy.