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
  +0.225p +2.36% 9.75p 761,726 15:51:11
Bid Price Offer Price High Price Low Price Open Price
9.50p 10.00p 10.25p 9.525p 9.525p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.02 -2.50 -0.49 40.4

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Date Time Title Posts
18/11/201818:03EME - Post Sale of Sugarloaf Asset23,540
08/10/201822:30Empyrean Energy22,249
02/9/201820:22EME - THE LONG-TERM INVESTORS THREAD - MODERATED204,270
24/8/201817:31Chat site for investors only144
21/8/201808:56WHY HAVE THE AGM SO QUICKLY?28

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DateSubject
18/11/2018
08:20
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 9.53p.
Empyrean has a 4 week average price of 8.50p and a 12 week average price of 7.20p.
The 1 year high share price is 18.25p 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 976,319 shares. The market capitalisation of Empyrean is £40,364,523.23.
31/10/2018
14:38
thetoonarmy2: The Donald - 20 Sep 2018 - 09:35:37 - 22127 of 22966 EME - Post Sale of Sugarloaf Asset - EME 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 Empyreanâ̈́4;™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 Empyreanâ̈́4;™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. Chinese Relations: Through the Companyâ€;™s Executive Director, Gaz Bisht, Empyrean have a productive relationship with the Chinese National Offshore Oil Company (CNOOC), a relationship which sets Empyrean apart from its peer group. This close working relationship has seen CNOOC provide approval for Empyrean to shoot 3D seismic outside of their block covering an existing CNOOC discovery, which we believe is a first for any foreign operator. ï�® Reserves & geographical focus: Empyrean has a balanced portfolio of assets across the oil and gas lifecycle. Offering investors exposure to low cost conventional exploration and production onshore California, with high impact frontier exploration in China and Indonesia. Core to the investment proposition is the 100% operated, 774mmbbl of gross mean prospective resource within Block 29/11, offshore China, where the Chinese National Offshore Oil Company (CNOOC) have discovered an estimated 1.3 billion barrels stock tank original oil in place (STOIIP) on the neighbouring Liuhua 11-1 field, the largest oil field in the South China Sea. ï�® Onshore economics: Onshore economics amongst Empyreanâ̈́4;™s Californian assets are highly attractive relative to offshore. A well can cost US$5m vs US$50m offshore deepwater. The cycle from discovery to production is also significantly shorter through the substantial infrastructure in place. Furthermore, California has a favourable fiscal regime with no federal taxes. Mineral rights (negotiated for each lease) and corporate tax of 25% are the only charges to the Company. Consequently, the Company ‘netbackâ€;™ is much higher with faster payback on projects. ï�® Markets: All of Empyreanâ̈́4;™s assets are strategically situated in geographies with a high regional demand, where they can capitalise on higher commodity prices. California has a gas demand of 2.5tcf/year, of which 90% is imported from out-of-state (forecast to rise to 98% by 2025), with prices trading at a 10-15% premium to Henry Hub. Indonesia is scheduled to be a LNG importer by 2020, with a growing population resulting in an increased demand, current domestic gas prices are in the region of US$9/mcf. China is the world’s largest oil importer, importing 8.4mmbbl/d in 2017 to satisfy its continued economic expansion, with this figure forecast to increase by 17% over the next few years. ï�® Trading at a discount to target price: We calculate a target price of 20p for Empyrean. In calculating this target price, we have excluded the Riverbend, Eagle Oil Pool and Dempsey Trend AMI assets which are currently not core assets for the Company. Given the material upside to the current share price of c197% we initiate our coverage with a buy recommendation. Catalysts for outperformance include success at the Alvares prospect in Q4/18 and the drilling on a high impact exploration/appraisal well in Indonesia, targeting the Mako Deep lead.
20/9/2018
09:35
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
10:52
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
10:44
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
10:36
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
10:20
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.
Empyrean share price data is direct from the London Stock Exchange
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