Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -1.57% 15.625p 15.50p 15.75p 15.875p 15.625p 15.875p 1,471,071 12:01:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -10.5 -3.7 - 62.34

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Date Time Title Posts
23/11/201723:39EME - Post Sale of Sugarloaf Asset12,996
19/6/201718:26EMPYREAN ENERGY (EME): CHART AND DISCUSSION THREAD (moderated)46,106
29/9/201521:27Empyrean Energy22,096
09/12/201409:14WHY HAVE THE AGM SO QUICKLY?27

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Empyrean (EME) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-11-23 17:13:3915.6350,0007,812.50O
2017-11-23 16:28:0615.5546,9747,304.46O
2017-11-23 16:22:5315.5725,9634,042.44O
2017-11-23 16:06:3415.582,401373.96O
2017-11-23 15:44:2615.6032,0514,999.92O
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Empyrean (EME) Top Chat Posts

Empyrean Daily Update: Empyrean is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker EME. The last closing price for Empyrean was 15.88p.
Empyrean has a 4 week average price of 15.63p and a 12 week average price of 9.88p.
The 1 year high share price is 30.75p while the 1 year low share price is currently 1.38p.
There are currently 398,995,110 shares in issue and the average daily traded volume is 2,629,636 shares. The market capitalisation of Empyrean is £62,342,985.94.
starzerus: The last few months have been hugely encouraging for investors in Empyrean Energy (LSE: EME). The oil and gas exploration company has released a series of positive news updates concerning the progress it is making in delivering its strategy. This has caused investor sentiment to improve sharply, which has contributed to a 1300% share price rise during the last year. Looking ahead, it would not be surprising for this trend to continue. Interest in the oil and gas industry continues to increase, and this could help to push the company’s share price higher over the medium term. Improving sentiment With the oil price moving to its highest level since 2015, investor sentiment towards a range of oil and gas companies has improved in recent months. While in Empyrean Energy’s case its recent news has largely been responsible for its stunning share price gains, a rising oil price could mean that its valuation rises to an even higher level in future. Certainly, there is likely to be higher volatility in the oil price. There is great uncertainty about whether OPEC will continue with its supply cut, as well as how non-OPEC producers will react to a rising oil price. However, leading producers such as Saudi Arabia and Russia seem to be keen on supporting the oil price in future. As well as this, increasing demand levels, which have reduced the supply surplus of recent years, are thus far showing little sign of slowing down. This could catalyse the oil price in future. Furthermore, Empyrean seems to have a relatively sound financial position. It raised $1m in August of this year. With it having a net cash position, it appears to have the financial strength to deliver on its strategy. This could make investors more positive towards the stock, since a net cash position indicates that its risk profile may be lower than for a number of other oil and gas exploration companies. Diversification While a rising oil price may continue, it may also be prudent for investors to diversify into other assets. The gold price has also enjoyed a positive 2017, and gold miners such as Avesoro (LSE: ASO) have prospered this year. In fact, the company’s share price has gained 37% in the year-to-date, and quarterly results released on Monday showed it is making good progress with its strategy. For example, gold production in the quarter to 30 September increased by 26% versus the prior quarter. This helped to boost revenue by 32% on the year, while adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) increased fivefold versus the second quarter level. This figure was boosted by an EBITDA margin of 21%, which was up predominantly due to reduced operating cash costs per ounce and an increase in the realised gold price. Looking ahead, both Avesoro and Empyrean Energy could offer further share price growth. The two companies seem to have highly enticing risk/reward ratios at the present time. Top growth stock
petercrosby: I like palindromic EME share prices.
twaintwix: Magnum I believe are spudding Tulainlo next week. I found the report while doing a search but lost it again. Isn't EME connected to that gas field as well? The drill will boost EME share price if successful. The report mentioned $6B dollars to the Magnum syndicate if successful.
kevjames: Stewart - post 9388 Good Oil's opinion seems a little far fetched regarding EME taking a stake in Tulainyo via Magnum Power and Gas - IMO. Of course I may be wrong, but if I was the EME board, I would not invest into another Sacramento deep play unless I was sure the gas will flow at commercial rates from these deep sandstone reservoirs. It's seems unlikely that they would know that information for any of the deeps at this stage, even the previous historical data does not really provide that information. For Dempsey,despite good wireline logs and mud logs showing gas saturated sands, the acid test will be to perforate the liner and measure the gas flow over an extended period. I suspect this will be next week sometime. If this proves to be successful, future funding will be aided by serious cashflow. At the AGM a best case scenario was mentioned of Dempsey funding China - this may be feasible, but even if not, any future cash raise should be well north of current share price. Also, in the event of news stating commercial rates of flow, the share prices of the companies involved will re-rate quickly. EME could easily see 40-50p on open. The question for short term traders is when to buy and when to sell, for investors (if you believe in the future) is to buy low (I did) and accumulate on dips until your are ready to top slice at your expected target price. Success at Dempsey, coupled with Duyung and China is worth far more than most will be patient enough to wait for!!
bushman1: Safiande, nailing your colours to the mast, where do you see a commercial discovery at Dempsey taking the SGC and EME share prices ?
tidy 2: Ref 11 tcfThese are the facts that make this a multi multi bagger from these levels and knocks spots off other O&G stocks for upside and almost immediate production. Talking multi TCF and each of them worth 57p to Eme share price.
kevjames: Judi Like you I was a little miffed about the placing at 8.5 p. However, it probably made sense from an EME perspective. All the other partners were raising money at that time and at the pre spud phase no one would know what the gas shows would be at Dempsey. That £1 million cash probably gives them the contingency to complete the well to production and pay overheads (hopefully not silly salaries). Unfortunately, there is no cash generation from the other EME projects yet - but China and Indonesia could be very lucrative if sold or become very cash generative assets going forward (2019). The question remains - who are the sellers? There are lots of assumption it was the 8.5p flippers - but what evidence supports this? It could be SGC selling down their asset (they will need more cash soon) or it could be many of the LTH's top slicing a few shares that they gained at 3.5p. What is important is what will propel the share price forward. The market needs to determine not just the value of Dempsey but the value of the Dempsey AMI and the value of the Alvares project. At the moment we know the following from Dempsey: 1. The Forbes targets have shown gas shows and the experience drill team believe these can be flowed successfully and this could cover the drill costs. 2. The G1 (Guinda formation) target shown significant gas shows of up to 500 times the background level. Although never produced in the Ranch Capay gas field ( the Dempsey location), this formation has produced successfully in other areas of the Sacremento valley. 3. We have seen significant gas shows in a non primary target between the G1 and X1 reservoirs - and the reservoir rock appears to be of improved quality - this could imply it is more porous and may flow better. However, we have no interpretation of thickness or likely gas volume in place (this will likely come from wireline logging) - but this could be a real added bonus. 4. We are probably around two days away from entering the four primary deep reservoirs X1 to X4. These are in the Boxer Ladoga formation and are thought to be a potentially good source rock - Jerry (see his video) appears optimistic he will find gas here. However, this is unknown territory and will likely be more risky due to the depth. That said, loads of wells have gone much deeper than 3200m and successfully produced. All of the above are positive indicators, so future investors and traders need to access the risks going forward. The current price even with the above positive indicators is still lower than my last top up at 10.8 p - so now you know why I am miffed!! The main risk as always is can they flow the gas at commercial rates and for prolonged periods. If yes, it is simple to connect to the existing pipeline and generate cash - that is when it gets transformational. If Dempsey is good, we can probably read this information across to the other Dempsey AMI deep plays and start retirement planning :-). If no, then they will have gained lots of knowledge on the geology and should, cash permitting, attempt Alvares ( which is a different geological play). The likely outcome, will probably be a mix - i.e. some reservoirs will flow other won't. In that case we need to hope we at least break even. Lots to get excited about and I'm not selling yet!! Expecting a lot more on the share price but DYOR. Good luck if invested.
kevjames: The problem for EME is cash generation or lack of! There is no cash currently coming in from China or Duyung, but the future potential is huge. Therefore, Dempsey is the only project that offers EME a potential quick inject of cash, but only if the gas flows at commercial rates. That is why Tom probably sees this as a good move. The downside to Dempsey is that it has cost us $2 million already and a slug more will be needed to put it into production. However, if we get to put it into production, it would be at this point that I would do a placing at 15, 16p or whatever and it should be limited to shareholders who were holding the day before any big announcement on commercial flows. This would be a key event - proving the play to commercial production would be a game changer. That would then lead to stage 2, the Alvares well ( hopefully sidetrack so only a couple of million rather than $8million). From that, possibly more fundraising will be needed in the 20's to see out the 3 Dempsey AMI wells. Then onto China and Duyung :-) However, if Dempsey is unsuccessful, I doubt the other drills will happen, simply due to the lack of funds. Clearly This outcome would impact the EME share price, but we still have the other two projects to underpin, so share price should still be around 8p. However, Tom and his team will need to live on beans for a while - Toon could you arrange that!! That said, keep an eye on the Tulainyo well (no EME WI) that is due to spud in Sept - that will also be a good indicator of how good the deep plays really are in the north basin and if they are really worth chasing. Next drill update should be interesting, should cover the first 2 or maybe 3 primary targets. Above AIMHO. Hopefully some good news soon for the LTHs.
phoebusav: For folks who saw the article and came here looking for some more info here's the detail. Empyrean [EME] looks an excellent oil and gas stock pick. Having just reported great drilling results in Indonesia, EME is now about to start one of the most exciting drills of 2017 on the LSE. The Dempsey well due to spud this month is an onshore US gas appraisal/exploration well targeting more than (1TCF gross) 50MMBOE net recoverable to EME in seven stacked targets with chances of success ranging up to 40%. EME and its partners own the gas metering and surface infrastructure and if successful the well can generate cash flow very quickly in an area where gas sells 10-15% above Henry Hub. At an in ground valuation of $5/BOE this equates to a value net to EME of £190M or 49p per share in the success case, far in excess of its current share price of 7.5p. Their JV partner Sacgaso has also indicated additional appraisal and development drilling at Dempsey in the first half of 2018 onwards if successful, whilst there are several follow on prospects within the Dempsey trend. Sacgaso has also indicated their intention to drill the Alvares appraisal/exploration well in the first half of 2018. This is also onshore US, but is even bigger at (2.4TCF gross) 100MMBOE net recoverable to EME. Alvares was drilled in 1982 and intersected 5,000ft of gas shows with some gas flow to surface. At the same $5/BOE this would equate to 98p per share in the success case. The success in Indonesia in June was the Mako South-1 appraisal well, which targeted (0.43TCF gross) 7.1 MMBOE net recoverable to EME. The well result was above expectation and flowed at 10.9 MMSCFD or 1,817 BOEPD. The licence has upside mapped on 2D and 3D of 4TCF gas and 120MMB oil. EME also has an earlier stage oil exploration project in China adjacent to the billion barrel plus Liuhua oil field operated by CNNOC. Funding has recently been conducted though placings and an open offer. The last at 5.5p saw investors particularly interested in the US assets come on board, which is not surprising given the huge size of the drills relative to EME’s tiny market cap. EME is debt free and funded ready to drill Dempsey later this month. On the back of success in Indonesia in June and with mouthwatering drills in the US about to kick off, it looks like an excellent time to buy EME, but remember to do your own research.
showme01: Great overview posted by Early Bird in LSE. Thought I'd share for any new people looking to invest. Just bought another 50k :-) Page1/2 Page 1 of 2 Empyrean Energy – Near Term Target 10p (£37m MC)  Current Market Cap = £14m @ 3.875p (as of 13/06/17)  Shares In Issue: 375m (following most recent fundraise)  Board/Directors big skin in (35%), CEO has 14.9% and associates have c20%.  No Debt  Cash position $8.5m usd (as of RNS dated 13/06/17)  3 major asset interests with net prospectivity to EME in the hundreds of millions barrels of oil Equivalent  Big near term catalysts as per below including 2 high impact drills to spud in the next 6 weeks which are all funded from existing cash targeting net 315bcf to EME. Indonesia Duyung PSC (10% WI) High Impact exploration leads from the 2d & 3d seismic show that the permit has 4 TCF + 120 mmbls oil Exploration prospectivity in a prolific producing basin. Includes Masko Gas Discovery, close to pipeline infrastructure which has 2C/3C resource of 430bcf and 640bcf in this single discovery alone. Three previous wells drilled at Mako in 1975, 1996 and 1999 intersected the gas zones but were not flow tested. Two of these wells were targeting deeper oil and the third well, targeting gas, encountered technical difficulties and so no flow test was completed. Masko High Impact South-1 Well to Spud imminently (before the end of June) which will flow test the known gas intervals and provide key data on the permeability and as saturation properties of the reservoir. EME’s share of the drill funded/paid for from EMEs existing cash reserve (circa $2.65m) California – Sacarmento Basin Dempsey (25% WI) Prospective resource of over 1TCF conventional onshore gas (250bcf net to EME) stacked prospect, Dempsey-1, which is to be drilled July 2017. Dempsey-1 well location sits next to existing gas metering and surface infrastructure that is owned by the JV. This means that any gas discovery can be connected and generate revenue near straight Page 2 of 2 away (as soon as September this year). Gas prices in Sacramento Basin commence 10-15% premiums. EME is funding its share of Demsey-1 well ($1.6m) through its existing cash reserve. Alvares (option for 10% farm in for $1.3m) Alvares is a large structure mapped with 2D seismic and interpreted by Sacgasco to hold prospective resources of over 2 Tcf estimated potential recoverable gas. A well drilled by American Hunter Exploration Limited in 1982 for deeper oil intersected 5,000ft of gas shows. No valid flow test was conducted due to equipment limitations and the deeper oil target failing. However minor gas flows to surface were recorded even with these limitations. Dempsey Trend AMI (option for 25% farm in) 3 further Dempsey sized targets China Pearl River Mouth PSC (100% WI) 100% of 1800 km2 Chinese Pearl River mouth PSC - 2 X 2D covered high impact drilling prospects Jade and Topaz. 4 wells drilled - 1 has oil column and 2 with oil shows (out of closure). Jade Prospect - Drill ready high impact - low risk and on trend to recent CNOOC discoveries. Topaz Prospect low risk prospect is a very close larger analogue of Liuhua 16-2 oil discovery. Located mid point between LH11-1 and LH16-2 oil accumulations. 1.3 billion bl Liuhua 11-1 oil complex just outside licence boundary. Further 3D being conducted imminently with a farm out potential later post interpretation. Initial interpretation results expected in August 2017, EME funding the 3d seismic ($£3.2m) from existing cash. Summary/Upside Case Two high impact drills, funded from existing $8.5m cash reserve, are spudding in the next 6 weeks targeting a total prospective of 315bcf net to EME, some of which is already contingent/discovered and also close to existing infrastructure. To give an idea of potential upside, AEX had recent success at NT-2 gas discovery net 240bcf to them and the shares re rated to a peak MC of over £180m. A few months further down the line here you also have the 3d seismic of the Chinese Pearl River PSC and possible farm ins resulting from which could add significant further upside value. Currently extremely under the radar and expecting a re-rate in share price as market cottons on. EME Energy Note.pdf Open with Lumin PDF Page 1 of 2
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