Empyrean Energy Share Discussion Threads

[honestsmarty] 01/2/2018 23:26

8p ahoy.....
Ahoy there 8p....

[dodgydd] 01/2/2018 22:00

Gents,

Nothing in CNOOC pot for any works at block 29/11 or the Peal River area in 2018
They do have 5 new project planned for 2018.

One a in china,
A development field Dongfong 13-2 in Yinggelia south china sea, one platform, 30 Well's and est 43boe/day

I am not sure where this is in location to the Pearl Rive 29/11 EME have.

Regards
Dodgy

[brimsley] 01/2/2018 19:42

The joint venture is considering the best options to improve production from
the tested sands, which may include fracture stimulation operations. Currently
the well is connected into a nearby pipeline and is producing at approximately
140 MCFD.

[brimsley] 01/2/2018 19:33

Ol mate toon you are best to listen to John Begg at PCL than GasShows Garry I am not surprised he has been muzzled PCL say in quarterly
testing and production enhancement options are being considered for the well. funds needed first in any event placing ahoy enjoy

[the guardian] 01/2/2018 19:15

So 2.5TCF would give slightly less than 5 times your figure Stew - around £1.00. That would be nice.

[stewart4900] 01/2/2018 18:38

Safi,

Thanks for that, now I follow.

Cheers

[safiande] 01/2/2018 18:37

Stew / Mark,
Strachan has based his figure on 560 BCF on a risked basis at Alvares. As per bb´s post Alvares top whack is up to 2.5 TCF.

[stewart4900] 01/2/2018 17:40

Yes corrected, rushing

[the guardian] 01/2/2018 17:37

I agree Judi, £22 is a good price. I would take it. :-)

[judijudi] 01/2/2018 17:33

£22 a share
Coolio :)

[stewart4900] 01/2/2018 17:21

Blueblood, et al

Alvaras,

Took the PCL valuation as per Safi's post of $77M representing 15% interest grossed it up to 100% therefore $512M and then applied our 25% so $128M.

Shares in issue 400M so $0.32 cents or 22.4p per share.

I do think that is low but Strachan will be conservative I would have thought.

IMHO.

DYOR.

[blueblood] 01/2/2018 17:19

Is that on 560 bad? Upside 2.5 TCF or nearly 5 times so c£1.50 or near to TKs 57p per TCF!

[makesomewonger] 01/2/2018 16:27

Afternoon all, Good news about the quarterlies. I think people are now starting to realize that this is going to be a monster. Some good buys coming in the last hour. Onwards and upwards from here.

GLA

MSW

[richiiiee] 01/2/2018 16:27

There all returning after you're comment Stewart! Ha!

[mark of the rushes] 01/2/2018 16:09

Seems very low ball to me given that Alvares is anticipated to be more than twice the size of Dempsey.

[blueblood] 01/2/2018 15:51

Don't we have 25% of Alvares? If so read across with be higher.

[stewart4900] 01/2/2018 15:49

currypasty,

So pro rata that's $128M for eme then, not bad.

[nametrade] 01/2/2018 15:47

Does that mean 22.9p for EME?
Or have I gone drastically wrong?

[currypasty] 01/2/2018 15:26

$77m for 15%

[safiande] 01/2/2018 15:05

Latest research report from Strachan on PCL dated 20 Dec 2017 just added to Strachan´s site. Not yet on PCL´s site.

“Assuming that Pancontinental earns a full 15% WI on final drilling of a 560 Pj discovery at Alvares, StockAnalysis calculates a value to the company of $77 million or 1.3 cents per share could accrue if gas has an insitu value of US$0.70 per Gj “

EME´s wi at Alvares is 25%

[the guardian] 01/2/2018 14:50

It's like that with most shares stewart. If there was any logic to it, most of us would be rich.

[stewart4900] 01/2/2018 14:44

Cannot understand why these sellers don't wait more than a half penny rise before they sell, I can see why most traders lose money. Once we get news and on at least 3 fronts they will have to pay much more, crazy.

[safiande] 01/2/2018 12:55

Stew,
It is inconclusive. They stated yesterday that the planning & permitting is progressing which could indicate that the permit application hasn´t been submitted yet? However they intend to complete the fracking by end Mar.
Application package is very detailed so a lot of work to do. Typical package below. They are currently working with top notchers in the area to put it together.

ftp://ftp.consrv.ca.gov/pub/oil/Well_Stimulation_Treatment_Permits/Permit_Index/03063079/18-0026-0/Application/

[seagreen] 01/2/2018 12:13

market cap only £50m.....time to win the euro millions