Empyrean Energy Share Discussion Threads

[showme01] 31/1/2018 00:03

My understanding is that this permit is to frac the well and they are reviewing internally how best to do it once permission is granted.

[honestmarty] 31/1/2018 00:01

Don't shoot me down, but my take on the most recent information is that the permit application is still in the design phase, and may not have been submitted yet?

I think we need flow data now that we are connected to the grid, and some technical work-up following that information.



Any thoughts?

[safiande] 30/1/2018 20:51

Toon,
Permit for fraccing will be for the whole well I believe. See also third & sixth bullet points in SGC´s Q & A on 11 Dec. Pages 2 % 3. Link enclosed.

[showme01] 30/1/2018 20:39

Nexus7. Thanks. Makes for interesting listening.

[nexus7] 30/1/2018 19:59

bushman1 post
Sacgasco Managing Director Gary Jeffrey

[bushman1] 30/1/2018 19:28

If you scroll back 2 days ( unable to c & p as on iPad ) to a previous post of mine, there's a link to a recent interview with Gary Jeffrey's. If you have a moment do listen. It's hugely informative and answers all your queries.

[wcj] 30/1/2018 19:01

It amuses me that the share price expressed in Bitcoins has been rather stable. Se you at .0000007962 Bitcoins. Enjoy.

[bskiny1] 30/1/2018 18:01

It would be sensible to apply for all the zones surely....

[thetoonarmy2] 30/1/2018 17:45

Safiande. Would the permission to Fracc be only for the one zone or would it cover the whole well they are in?

[safiande] 30/1/2018 17:30

Toon,
In principle I do not have a problem with options. Well known perk for company directors but a bit of a misnomer to present them under an incentivisation wrapper.
Any operations news from Tom will be welcome. At present I believe that they intend to frac the lower zones only & see how they get on before moving up to the main X1 – 4 intervals. For sure they will announce the permit approval in the first instance. We might get a bit more on this in a few hours as the qtrlies are due from SGC, PCL & XST. PCL will also be reporting on Tulainyo. As per my earlier post their Tulainyo aussie partner Raven Energy are in a trading halt. Seems to be financing related probably for Tulainyo which is encouraging.

[seagreen] 30/1/2018 17:18

rather agree with Stewart

How many company secretaries do you know with Oil and Gas experience with multi national including USA and Asia experience and exposure with knowledge of law in Indonesia, China and US of A ?

Would think finding one is like looking for a needle in a haystack and a good one bleeding impossible

[bushman1] 30/1/2018 16:10

So kindly explain what the significance of your post is please ?

[safiande] 30/1/2018 15:50

Raven ex Magnum ( MPE )in trading halt until Feb 1. Raven has 60% wi in Gasfields. The other 40% is held by PCL. However PCL is not in a trading halt.
CRC, Cirque & Gasfields are the three Tulainyo holders.

[sparrow9] 30/1/2018 14:46

My take on all this is that to give insentives to people who are close at hand and in "THE KNOW' is a sign of good business manaement. Just wish I was the Secretary to have such an inspiration to go to the highest. PERHAPS. buy more shares.

[jemjem] 30/1/2018 14:14

stewart.
Gaz signed off the last RNS on 17th Jan.

[stewart4900] 30/1/2018 14:12

Showme01,

I didn't know he had been officially appointed but yes I agree

[brimsley] 30/1/2018 14:07

Look at the track record of Indus what a crock CoSecs are a dime a dozen in Perth enjoy

[showme01] 30/1/2018 14:07

Gaz Bisht is a geologist so why another?

[stewart4900] 30/1/2018 13:53

I am surprised at the reaction here to the award of options to the Company Secretary, I suspect he does quite a bit more than attend a few meetings and sign a few documents, with California, Indonesia and in particular China to go at he should be busy.

I would say that often the Company Secretary's role is often combined with the Finance Directors but perhaps more to it in this case, anyway the strike price is 17p that's 5p more than todays and he cannot action for a year so he will need to buy them, lets hope he trebles his strike price, its 0.625% of the share capital.

Perhaps more to come with a geologist yet to be named, now that's out of the way we may get some updates.

[petercrosby] 30/1/2018 13:18

Perhaps its his connections TK is after?

[judijudi] 30/1/2018 12:54

2,500,000 shares for attending a few meetings and signing a few documents
Great job if you can get one
Are they mates?
At least it’s at a half reasonable strike price