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
  -0.875p -4.93% 16.875p 16.75p 17.00p 17.50p 15.75p 17.25p 6,424,977 13:15:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -10.5 -3.7 - 67.33

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Date Time Title Posts
19/9/201713:34EME - Post Sale of Sugarloaf Asset8,723
19/6/201719:26EMPYREAN ENERGY (EME): CHART AND DISCUSSION THREAD (moderated)46,106
16/6/201713:16EME - THE LONG-TERM INVESTORS THREAD - MODERATED203,945
29/9/201522:27Empyrean 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
13:23:1916.6730,0805,014.34O
13:18:5716.80100,00016,800.00OK
13:10:3716.776,0371,012.10O
13:08:0316.7721235.54O
13:06:4416.9845,0007,641.00O
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Empyrean (EME) Top Chat Posts

DateSubject
19/9/2017
09:20
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 17.75p.
Empyrean has a 4 week average price of 8.63p and a 12 week average price of 6.13p.
The 1 year high share price is 30.75p while the 1 year low share price is currently 1.25p.
There are currently 398,995,110 shares in issue and the average daily traded volume is 16,850,064 shares. The market capitalisation of Empyrean is £67,330,424.81.
14/9/2017
08:30
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.
13/9/2017
23:04
malcolmmm: From ii Empyrean Energy In the last few weeks I have written a lot about Empyrean Energy (EME) after a conference call with Tom Kelly in which I updated myself about the new assets he has brought into the company. It has turned out to be a smart if fortuitous move as the news from their Dempsey well has been coming thick and fast. Today, they have announced that the well has reached TD at 9,750', which is very close to the original thought of it being around 10,000′. Accordingly, they have completed drilling after intersecting two further zones of 'high' gas shows. Wireline logs will now be run to fully evaluate these gas shows and reservoirs, after which a more detailed and accurate picture of the prospectivity of the well will be proven. Yesterday, I was fortunate to meet up with Tom Kelly along with fellow directors Gaz Bisht and Frank Brophy, both key to the development of EME. It has become clear that the Dempsey well has encountered enough gas to 'at least pay for this well' and if the wireline logging evaluation is as it seems may confirm the pre-well hopes of 1 TCF of gas. Indeed, it seems that the deeper zone may alone contain 100-300 BCF and, therefore, only two zones may be tested. The shallower zones on the way down supported ongoing drilling, but will now be left 'for another time' and the larger, deeper targets opened up. With the infrastructure almost on the doorstep, the gas metering station is literally 40 million away and accordingly payback on this well will be remarkably short. Indeed, the company expect cash flow 'within weeks' of testing. There are a number of Dempsey lookalikes (3) which are also cretaceous plays and I expect the company along with the operator to start drilling these soon. Equally, if not more exciting, is the Alvares prospect (EME 25%) which is away from the lookalikes and is a separate and bigger accumulation and has a target of 2 TCF and already has logged gas shows. The operator may put a small workover rig onto Alvares just to test and see that the casing is satisfactory but then will be drilled in this programme. Further good news is that gas prices here are very strong and they will receive a premium of 20% to Henry Hub, which further improves the economics of the area of mutual interest. So, what to expect next, depending on the wireline logs and the setting of the cement it shouldnt be long before some more definitive numbers can be attributed to Dempsey and we can put a firmer valuation on the well. If that is as big as recently envisaged then the share price rise in the last few days will be more than justified. Indeed, I see considerable upside depending on the lookalikes and Alvares. It should not be forgotten that Dempsey is only a part of the portfolio, Indonesia and China are already both showing very decent promise. The Mako South -1 well results exceeded pre-drill expectations and is a very large structure with permeability and flowability both excellent. Hoping for 50 Milli-Darcy's the company instead got multi-Darcy's and the flow rate will be significantly exceeded on production. The operator here is already looking to a development plan and the authorities, occasionally slow movers in this area, are keen to get under way as there is a shortage of gas in the area. In China they have recently announced a third prospect after 2D seismic and have run 3D after which raw data processing are now looking very interesting indeed. The three prospects in Jade, Pearl and Topaz have significant trap sizes for such a small company and should the new data prove to be accurate, then this basin will add a lot more value to EME. The shares have risen substantially in recent weeks and stopped at around 23.75p today. Investors will be weighing up whether that is high enough and waiting for confirmation of the wireline logs, should they be confirmatory then the shares will be off to the races. Clearly, the other risk may be another funding but given how well the shares have done and with the huge upside a I dont see a problem, all in all the shares show prospects of a multiple upwards valuation from here.
13/9/2017
12:41
trulyscrumptious: From Malcy. Empyrean Energy In the last few weeks I have written a lot about EME after a conference call with Tom Kelly in which I updated myself about the new assets he has brought into the company. It has turned out to be a smart if fortuitous move as the news from their Dempsey well has been coming thick and fast. Today they have announced that the well has reached TD at 9,750′ which is very close to the original thought of it being around 10,000′, accordingly they have completed drilling after intersecting two further zones of ‘high’ gas shows. Wireline logs will now be run to fully evaluate these gas shows and reservoirs, after which a more detailed and accurate picture of the prospectivity of the well will be proven. Yesterday I was fortunate to meet up with Tom Kelly along with fellow directors Gaz Bisht and Frank Brophy, both key to the development of EME. It has become clear that the Dempsey well has encountered enough gas to ‘at least pay for this well’ and if the wireline logging evaluation is as it seems may confirm the pre-well hopes of 1 TCF of gas. Indeed it seems that the deeper zone may alone contain 100-300 BCF and therefore only two zones may be tested, the shallower zones on the way down supported ongoing drilling but will now be left ‘for another time’ and the larger, deeper targets opened up. With the infrastructure almost on the doorstep, the gas metering station is literally 40m away and accordingly payback on this well will be remarkably short, indeed the company expect cash flow ‘within weeks’ of testing. There are a number of Dempsey lookalikes (3) which are also cretaceous plays and I expect the company along with the operator to start drilling these soon. Equally, if not more exciting is the Alvares prospect (EME 25%) which is away from the lookalikes and is a separate and bigger accumulation and has a target of 2 TCF and already has logged gas shows. The operator may put a small workover rig onto Alvares just to test and see that the casing is satisfactory but then will be drilled in this programme. Further good news is that gas prices here are very strong and they will receive a premium of 20% to Henry Hub which further improves the economics of the area of mutual interest. So, what to expect next, depending on the wireline logs and the setting of the cement it shouldnt be long before some more definitive numbers can be attributed to Dempsey and we can put a firmer valuation on the well. If that is as big as recently envisaged then the share price rise in the last few days will be more than justified, indeed I see considerable upside depending on the lookalikes and Alvares. It should not be forgotten that Dempsey is only a part of the portfolio, Indonesia and China are already both showing very decent promise. The Mako South -1 well results exceeded pre-drill expectations and is a very large structure with permeability and flowability both excellent. Hoping for 50 Milli-Darcy’s the company instead got multi-Darcy’s and the flow rate will be significantly exceeded on production. The operator here is already looking to a development plan and the authorities, occasionally slow movers in this area, are keen to get under way as there is a shortage of gas in the area. In China they have recently announced a third prospect after 2D seismic and have run 3D after which raw data processing are now looking very interesting indeed. The three prospects in Jade, Pearl and Topaz have significant trap sizes for such a small company and should the new data prove to be accurate then this basin will add a lot more value to EME. The shares have risen substantially in recent weeks and stopped at around 23.75p today, investors will be weighing up whether that is high enough and waiting for confirmation of the wireline logs, should they be confirmatory then the shares will be off to the races. Clearly the other risk may be another funding but given how well the shares have done and with the huge upside a I dont see a problem, all in all the shares show prospects of a multiple upwards valuation from here.
30/8/2017
13:03
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.
29/8/2017
13:05
stewart4300: Morning all, Abergele I would forget trying to match the trades too many delayed and many going through below mid would be buys. Having been here about a decade I have some idea about eme, historically been a nightmare at times but it has changed since we got rid of Sugarloaf and especially with the refund to shareholders, I took up my full allocation and I had added heavily under 2p so for once I got it right and the bulk fully paid, I have some on trade but I am not stressed about them and I have no stops in, not far short of a million with mine plus son and daughter. We could have sold for about 11.5p a month or so ago but after 10 year I decided to stay put we have China seismic and will drill with a partner or sell out with great results, personally I assume we will drill, we have Duyung, wish we had 20% but we still have our 10% which looks superb and may get chance to add more when they start to drill, hope we do it looks a crisp and a slick operation. We then have the current drill Dempsey at Sacramento Californis which seems to be going to plan but clearly people are not so sure as the price has dropped even after todays execellnt RNS so why has it dropped I can only suggest the following and perhaps others could comment. 1. The placing at 8.5p was poor, looks like at bucket shop and just sold into, in addition still no idea what it was for, I would have thought those shares would have washed through by now. 2. Do we have seller, not sure but for months and every time it rises we get a lot of 50K sells almost to kill any rise, it looks so obvious and no idea why they are selling. 3. I remember Riverbend that was gas and huge potential but very high pressure and it came to nothing, people will remember and until we get confirmation Dempsey flows I don't think we will re-rate, if it does you won't be able to buy any but if it fails to flow even though they say costs already covered we will get hammered down. 4. I don't understand alot of the technical comments on Dempsey for example 500 times mud for pressure or words to tht effect,what does that mean, is it gas behind and therefore the need to increase the mud weight, I think Kev posted somthing about it but no certainty. 5. Gas shows are great but we need flows or it means nothing. 6. The updates from Sagasco and usually RNS's here are good but they are not much different to the expected, I can see now why eme did not release the last one sorry last week it told us nothing new. 7. This is supposed to be the most watched drill in California, if it is this is not reflected with any of the partners share price. 8. I am still puzzled by the secrecy over Dempsey and unsure what they will release, if there is a discovery do they announce, if so what is the point of not releasing info so leases can be bought, won't people know anyway if a discovery is stated. Conclusion, I like China, would like more of Indonesia, am hopeful on Dempsey but remember Riverbend gas well although all good so far, hope deeps flow.
16/8/2017
17:06
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.
01/7/2017
12:46
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.
14/6/2017
10:22
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
04/10/2016
10:31
thetoonarmy2: PB. it will against the average of your ordinary & B shares aggreated as B costs you nothing its the EME share price to average against.
08/3/2016
12:53
2lb: WTI $38.3 The rise in oil over the past weeks and its stark contrast to the fall in the EME share price speaks volumes for the strategic brilliance of the BoD.
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P:40 V: D:20170919 13:46:38