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 Shares Traded Last Trade
  -0.60p -5.91% 9.55p 1,439,872 09:37:32
Bid Price Offer Price High Price Low Price Open Price
9.30p 9.80p 10.15p 9.55p 10.15p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.02 -2.50 -0.49 39.5

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Date Time Title Posts
26/9/201804:34EME - Post Sale of Sugarloaf Asset22,260
25/9/201816:47Empyrean Energy22,247
02/9/201821:22EME - THE LONG-TERM INVESTORS THREAD - MODERATED204,270
24/8/201818:31Chat site for investors only144
21/8/201809:56WHY HAVE THE AGM SO QUICKLY?28

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Empyrean (EME) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-09-25 15:23:579.4050,0004,700.00O
2018-09-25 15:12:149.35100,0009,350.00O
2018-09-25 12:32:429.50100,0009,500.00O
2018-09-25 12:29:209.5042,0423,993.99O
2018-09-25 11:51:169.351,00093.50O
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Empyrean (EME) Top Chat Posts

DateSubject
25/9/2018
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 10.15p.
Empyrean has a 4 week average price of 7.60p and a 12 week average price of 5.80p.
The 1 year high share price is 24.38p while the 1 year low share price is currently 5.80p.
There are currently 413,995,110 shares in issue and the average daily traded volume is 1,364,095 shares. The market capitalisation of Empyrean is £39,536,533.01.
20/9/2018
10:35
the donald: I just can't stop giving!!! Read the last sentence!!! We believe the following very achievable factors may help close the gap between the Empyrean share price and our target price. Expand and Enhance Resource Potential Following the recently-announced increase in the gross mean prospective resources on Block 29/11, the logical next step was to employ the services of a third-party organisation to certify the prospective resources. Empyrean have appointed Gaffney Cline to complete a third-party audit of the oil initially in place, with the results due in October. The result of this will look to validate Empyrean’s internal numbers, providing greater confidence of the prospective resource potential to the market. Following the completion of the Gaffney Cline resource audit we would anticipate a re-evaluation of our target price. Entering a PSC in China Following the completion of the committed work programme for the first phase of the Geophysical Service Agreement on Block 29/11, Empyrean has the option to enter into a production sharing contract (PSC) with the China National Offshore Oil Corporation (CNOOC). Entering into a PSC demonstrates Empyrean’s commitment and financial capability to drill an exploration well within Block 29/11 in the next 30 months. Final Investment Decision The next 12 months will see a steady stream of newsflow from Empyrean and its partner, Conrad Petroleum, as they work towards the FID on the Mako field. Key inflection points for the share price include the signing of a gas sales agreement (GSA) and the agreement to access the West Natuna Transport System, before the FID itself. Exploration and Appraisal The drilling and testing of the Alvares prospect and the Mako Deep structures respectively during 2018 and 2019 have the potential to deliver significant value to Empyrean. In either success case, we would need to re-value the company, and uplift our current price target.
23/5/2018
11:52
blakieboy7: Malcy - Empyrean Energy Whilst on the subject of cratering,the EME share price was off as much as 30% first thing this morning as they announced a higher than expected production of gas of 1,200 mcf/d from the Dempsey well. After chatting to Tom Kelly last week this was very much as expected and I am at a bit of a loss as to why the market is taking the news so badly, I am sure someone will tell me before long. The JV are also intent on connecting four idle wells nearby which should be a cheap add to production and revenues. Also as expected the JV is seeking approval to re-enter the Alvares well, either to log through the casing or to drill a side track which given its potential could be very exciting. This bringing on of Dempsey gas is good news, it will add to cash flow ?very shortly? and maybe in due course much more into the bargain. Finally, the fall this morning as far as I am aware does not take into account imminent good news from Indonesia and further out potential significant value add from the position in China all of which should push the share price a lot higher, what do I know eh?
23/5/2018
11:44
richiiiee: Whilst on the subject of cratering,the EME share price was off as much as 30% first thing this morning as they announced a higher than expected production of gas of 1,200 mcf/d from the Dempsey well. After chatting to Tom Kelly last week this was very much as expected and I am at a bit of a loss as to why the market is taking the news so badly, I am sure someone will tell me before long. The JV are also intent on connecting four idle wells nearby which should be a cheap add to production and revenues.Also as expected the JV is seeking approval to re-enter the Alvares well, either to log through the casing or to drill a side track which given its potential could be very exciting. This bringing on of Dempsey gas is good news, it will add to cash flow 'very shortly' and maybe in due course much more into the bargain. Finally, the fall this morning as far as I am aware does not take into account imminent good news from Indonesia and further out potential significant value add from the position in China all of which should push the share price a lot higher, what do I know eh?
09/5/2018
11:36
kevjames: No real surprise that the SGC and EME share price has not reacted more positively. The Kione was "expected" to flow at commercial rates as it is in the current field level zone. These zones will deplete relatively quickly, as was stated in the "expected reserves" for these zones in the original presentations for Dempsey. That said, there should be sufficient gas to pay for the well, which is great news for an appraisal well. However, the real prize is can they get the deep gas charged sands to flow at commercial rates. Remember, Zone 4 results are due anytime and these will again provide data on finding the key to unlock the secret on how to flow the deep gas at commercial rates. A good result from zone 4 would be a game changer IMO. Also, the fact that Alvares seems now to be a certainty does suggest that SGC have much greater understanding of what they need to do. I wait with interest to see what the actual drilling plan for Alvares will be, but I would not be surprised to see some sort of stimulation on the drill plan. GLA
20/4/2018
11:20
michaelhfrancis: It could turn that fracking Dempsey would put China into second place and attract a buyer for EME share price ++++++?
02/3/2018
13:04
michaelhfrancis: News of drilling the Topaz prospect will have a serious positive impact on EME share price lowest estimate is 280 million bls 49% stake is 137 million bls at £5 a barrel profit is worth 685 million pounds. Best case is 365 million bls 49% would be worth 894 million pounds and high case is 498 million bls 49% would be worth 1 billion 220 million POUNDS Take the best case 894 million pounds with 414 million shares at issue equates 2.15 pounds per share. If my calculations are near right its no wonder Toon was excited with Jim Jim calculations. I am not mats whiz kid so i am open to correction Hold on to your hats dyor
22/2/2018
05:49
bushman1: With Alvares on trend with Tulainyo the results here could also positively impact on the EME share price. After a quiet beginning to 2018, the end of Q1 and then Q2 should see good value being added to SGC and EME. Please DYOR of course !
17/1/2018
14:23
trulyscrumptious: Malcy is not impressed with the turn around from a great discovery to a trickle of gas. Why didn't they test some decent part of the well first, if there is one? Empyrean Energy EME announce today that production and sales from the Dempsey well in California have commenced at a rate of 140 mcf/d. The operator is proceeding with the application process for enhanced reservoir stimulation expected to start before long. The market has taken the red pen to the EME share price but probably because they, maybe like me, have absolutely no idea what is going on in this well which on the way down was burning the barn down, less so now.
11/1/2018
10:54
showme01: Starting to see a bit of strength in EME share price. Onwards and upwards.
08/12/2017
00:30
seagreen: Standard AIM regulation procedure when volatility in a share price occurs is to ring the Nomad and insist on an explanation of such volatility. The Nomad is then duty bound to request the corporate to explain any volatility in the share price as soon as possible. If the corporate does not have any meaningful explanation they are duty bound to say so. If there is no RNS issued from EME it is reasonable to assume they have no additional material information that they are aware of to explain the current stock girations. When they do have such information they are duty bound to issue it to the market be it good or bad immediately to protect the integrity of the AIM market. If in fact the volatility is being caused by opportunistic traders capitalising on the silence that is not a RNS advent. This leaves EME with only one alternative to issue a "we are not aware of any reason behind the recent decline in the share price etc...". However, they wont issue a statement saying we believe or we think or perhaps the share price movement has been caused by margin traders or T20 traders overtrading which due to the delay has caused forced selling as that is not factual it is theoretical. I have no information be it positive or negative but I can assure you having worked in the environment a senior member of AIM reg will be in daily contact with EME's Nomad asking for a regular update as they strive to protect the reputation of the AIM market for orderly trading and transparancy. It may be no coincindences that about T15 ago the price was trading at around 22p and some will have been caught with their trunks down as the tide turns.
Empyrean share price data is direct from the London Stock Exchange
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