Empyrean Energy Share Discussion Threads

[brimsley] 22/1/2018 08:19

Any drilling partner will allow a look thru valuation for this permit it will be nowhere near $30m can you show me an offshore China exploration farmin analogue no thought not stop talking rubbish enjoy

[honestmarty] 22/1/2018 08:15

Can't buy any decent volume

[showme01] 22/1/2018 08:13

China will be worth a lot more than £30m once a drilling partner has been declared. Any time now. Don't look up!

[brimsley] 22/1/2018 08:11

15 to 20m for Mako you say Dempsey etc is worth 5m based on SGC share price so 30m for China pfffft dont look down enjoy

[honestmarty] 22/1/2018 08:04

Hoping for a positive week here.
I think a lot of borrowed money has been forced out hence the overblown fall.
Dempsey is a waiting game, but despite the doom merchants, remains very much on track.

The results mention divestment news, 15 to 20 million for mako would be nice.

China 3D update is also due

[brimsley] 22/1/2018 07:12

Fabulous EME up today then PCL also belted down Calif issue much enjoy

[showme01] 22/1/2018 07:06

SGC is a binary play. It's a bonus for EME.

[brimsley] 22/1/2018 05:54

UEN 60p to 85p over last 7 days SGC 10.5c to 8c over same timeframe enjoy

[gregpeck7] 19/1/2018 14:50

If you like eme look at Uen, 2000 bopd 140,000 usd, almost no debt and 10m market cap... 60 to 85p last 7 days.Cpr imminent and drilling 23m barrel prospect.

[richiiiee] 19/1/2018 13:19

Will be painful for a bit, but will come good eventually. if you want an informative post check out this post on LSE below, this guy has been bang on with everything to date and a reminder why GJ is aiming for the full potential, I just wanted to clarify a few things I've read on this and various boards about the Dempsey Frac. 1. The Frac does not increase the porosity of the rock, the porosity is the porosity - this is where your hydrocarbons are stored. 2. The Dempsey we has poor permeability - this is a measure of how well the pore space (i.e. porosity) of the rock is connected. The Frac will increase effective permeability by an order of magnitude (above 10 but below 1000) - depends if it connects to natural fractures which may be present. 3. A vertical well is the easiest and cheapest to Fracture stimulate - we don't need to worry about the magnitude of minimum and maximum horizontal stresses as we would in a highly deviated well. 4. The frac will grow vertically until it reaches a bounding stress - a stress plot can be obtained from the gamma ray which is representative. 5. The frac will also grow radially (or tangential) to the wellbore. 6. What limits frac growth is pressure and rate - hence with a frac spread which will consist of multiple high pressure pump units all connected in parrallel to a single high pressure manifold. 7. The frac could potentally grow 200 - 500ft vertically and 300 - 500 ft radially or more - a hell of a lot better that a few perforations that will only go 6 to 8 inches into the formation - we don't know what perforation skin is present and what damage zone is present from the drilling - we're currently having to produce through these - the stimulation removes all these barriers to flow. Risks: 1. A CBL (cement bond log) will be required if it hasn't already been conducted to ensure the integrity of the cement bond and prevent the frac propagating parallel to the casing / liner - this is one of the reasons that water tables can become contaminated 2. Because this is a sandstone, they'll need to use a proppant to ensure that once they create the fracture, they can keep it open. Screen out is the big risk here - this is when you don't get all the proppant into the formation and you leave some in the casing / tubing - They would need to rig up coil tubing to go in and clean out the proppant prior to flowing the well - adds additional time and cost The extended flow test will provide a lot of quantitative information with regards volumes. Don't be too surprised that after the fracture stimulation that the connected volumes increase as well as the permeability (flow rates); remember we'll be fraccing vertically as well as radially. Co

[fsawatcher] 19/1/2018 12:05

single digets comin

this like panr

us oil gas not wot it crack up to be

it all fractured innit

see yous at 7p next quarter

[nametrade] 19/1/2018 11:53

This happens all the time on BB. Obviously investors have different time lines to traders and swing traders.
Reading probably incorrectly between the lines. I would say that brimsley thinks that this will come good but in the mean time there will be some pain. This partly due to time scales set out by investors are invariably shorter in their minds than in reality.
After all he has read the situation correctly from a lot higher share price I am long but see both sides of this current situation and am happy to stay invested at the moment.

[brimsley] 19/1/2018 11:43

Does the share price tell you good news is coming remember plenty know more than you and your posting history is complete rubbish here hope is not an investment strategy enjoy

[blueblood] 19/1/2018 11:36

Hopefully news on the extended well testing from Indonesia soon. Although Conrad are private surely they have to share info with EME who have to release to market!

[cmackay] 19/1/2018 11:27

Yes, rather farcical. It's not me btw.

[hang ten] 19/1/2018 11:25

Thank you Michaelhfrancis. My thoughts exactly ! Investing and been in business is not for the impatient.

[michaelhfrancis] 19/1/2018 10:42

Good Oil said: ↑
Every unconventional success story that is active today was ignored by the industry until someone made it work, usually with a “technical success”. Too many examples of the lack of vision out there to cite here. This well holds great interest to those with the proper perspective. Not a wham bam thank you ma’am but rather a slow process to get this properly evaluated. Frac permits are given in CA so there is an administrative pathway that requires time. This is an exciting well to an outsider like me.

From hot copper asx

Words of the wise

[michaelhfrancis] 19/1/2018 10:42

Good Oil said: ↑
Every unconventional success story that is active today was ignored by the industry until someone made it work, usually with a “technical success”. Too many examples of the lack of vision out there to cite here. This well holds great interest to those with the proper perspective. Not a wham bam thank you ma’am but rather a slow process to get this properly evaluated. Frac permits are given in CA so there is an administrative pathway that requires time. This is an exciting well to an outsider like me.

From hot copper asx

Words of the wise

[richiiiee] 19/1/2018 10:33

Just as I thought we was getting somewhere Brimo? Paper losses, no one in there right mind will sell at this prices so those that are good riddens! I can't wait to read your posts when EME takes off!

[brimsley] 19/1/2018 10:28

Brimsleys twin last came out at 19p I recall anyone recall what followed you turkeys deserve your losses enjoy

[richiiiee] 19/1/2018 10:21

Ha ha, well done Brimmers spreading you're January cheer, that's what we like to see! carry on like this you will be investing in EME soon enough?