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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Empyrean Energy Plc | EME | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.0025 | -2.27% | 0.1075 | 08:02:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.11 | 0.1075 | 0.11 | 0.11 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 13/3/2025 22:16 by mrblobbythe2nd Remember the end goal here, target prices of .70p to 2p based on Wilson success, the upcoming drill is game changing for EME, COS is high.The unexpected RNS on Mako brings EME's 8% stake back into play, the news has increased the value of that stake, valuation metrics range from £15m to £35m, EME's current m/cap is just £4.75m. Bashers are here for a reason, they want your shares, hold on to them for dear life. |
Posted at 12/3/2025 07:08 by z1co Another one for the trolls :)Empyrean Energy PLC ('Empyrean' or 'the Company') Mako PSC Revised Gas Sales Arrangements Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development company with interests in Australia, Indonesia and the United States, is pleased to announce that Conrad Asia Energy Ltd (ASX: CRD) ( "Conrad"), the operator of the Mako Gas Field in Indonesia ("Mako") has received a Directive from the Indonesian Ministry of Energy and Mineral Resources ("MEMR"), including that: Due to the very strong growth in domestic demand for gas in Indonesia, the Indonesian MEMR has directed that all Mako gas (plateau sales gas rate of 111 billion British Thermal Units per day ("Bbtud")) be made available for the Indonesian domestic market in Batam with the gas to be purchased by PT PLN Energi Primer Indonesia ("PLN EPI" or "PLN") a wholly owned subsidiary of PT Perusahaan Listrik Negara (Persero) ("PLN Persero"). PLN Persero is the Indonesian state-owned electric utility company, wholly-owned by the Government of Indonesia through the Ministry of State-Owned Enterprise. The organisation has over 7,000 power plants supplying over 89 million customers and sells over 288,000 GWh of electricity annually. Empyrean holds an 8.5% operating interest in the Duyung Production Sharing Contract ("PSC") in which Mako is located, offshore in the West Natuna Sea, Indonesia. The Mako gas price will be linked to the Indonesian Crude Price ("ICP"), which is akin to Brent oil-linked Liquified Natural Gas("LNG") pricing. This structure will be economically equivalent to the pricing previously approved for Mako gas to be sold both domestically and for export, thereby underpinning the value of gas from Mako. As a result of the MEMR Directive, Conrad is working to finalise a Gas Sales Agreement ("GSA") with PLN. Conrad is coordinating closely with PLN and SKK Migas (the upstream regulator), who collectively have targeted that a GSA with PLN will be finalised during March 2025 and be signed in the coming weeks. In addition, MEMR has revoked its earlier allocation and pricing Directive to sell Mako gas to PT Perusahaan Gas Negara Tbk ("PGN") and Sembcorp Gas Pte Ltd. ("Sembcorp"). The GSAs with PGN and Sembcorp will subsequently be terminated. The new Government of Indonesia is formulating its New Energy Plan 2024-2034 (or "New RUPTL") under which it will prioritise gas exploration and production to meet rapidly rising domestic energy demand. Around 15 Gigawatts ("GW") of gas power capacity across Indonesia is planned to be built until 2034, especially to support the base load capacity. The MEMR Directive is anticipated to support potential farmout arrangements in Duyung and Financial Investment Decision ("FID") for Mako. Empyrean CEO, Tom Kelly, stated: 'With a new government in Indonesia committed to providing gas powered electricity under its New Energy Plan, directing Mako Gas for the domestic market makes strategic sense. Empyrean is encouraged that this new development will lead to further short term momentum for the Mako Gas Field and Duyung PSC.' |
Posted at 11/3/2025 11:27 by transact2018 New NAV based upon increased 52.8% stake to EME.Low case scenario (8.7MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin. NAV - 10 year field span/10% DCF/52.8% share to EME = $49.8m NAV - £0.0131p Mean case scenario - (21.3MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin. NAV - 10 year field span/10% DCF/52.8% share to EME = $122.2m NAV - £0.0258p MAKO... NPV10 of US$49m (Sept 22 RNS) - £0.0121p - (Buyer willing to pay say 50% of that value - £0.0062p) So Wilson low case £0.0131p + Mako £0.0062p = £0.0193p So Wilson mean case £0.0258p + Mako £0.0062p = £0.032p Huge upside, seriously undervalued. 14 x bagger for low case, 22x bagger for mean case. |
Posted at 17/2/2025 09:53 by blakieboy7 17 February 2025This announcement contains inside information Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas Empyrean Energy PLC ('Empyrean' or 'the Company')Wilson River-1 well update Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development company with interests in Australia, Indonesia and the United States, has been advised by Chi Oil and Gas Pty Ltd ("Chi Oil"), as operator of the Wilson River -1 well, that the cultural heritage survey has been completed for the drill location. The cultural heritage survey was completed and confirmed that the designated drill location area for the Wilson River-1 well had no cultural heritage features previously registered or identified. Subsequent to the survey being completed, site works to remediate existing access tracks and clear the drilling pad area have commenced. Empyrean CEO, Tom Kelly commented, "With the necessary land access agreement complete and the cultural heritage survey done, we are commencing drill site clearing and preparations are on track for drilling to commence in March, subject only to receipt of final drilling approvals and weather. We look forward to providing further updates as we progress preparations to drill." |
Posted at 10/2/2025 16:00 by bluehooperman For anyone trying to calculate the potential market capital on the two current prospects.Wilson Drill...Low case scenario (8.7MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.NAV - 10 year field span/10% DCF/40% share to EME = $47.9m NAV - £0.0119pMean case scenario - (21.3MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.NAV - 10 year field span/10% DCF/40% share to EME = $92.6m NAV - £0.0231pMako....NPV1 |
Posted at 26/1/2025 13:49 by bitcoin tosser I take it any new bulls or stale bulls will have properly read and understood the interim results from EME (18/12/24), a few snippets copied here:On August 2024 Empyrean has received a letter of demand from CNOOC alleging that Empyrean has outstanding obligations under the PSC. The Company disputes the letter and is endeavouring to settle the matter amicably under the dispute resolution clauses provided for in the PSC. On 24 August 2024, the Company received a letter of demand from CNOOC's lawyers, King Wood & Mallesons, in relation to Block 29/11. The letter of demand alleges, inter alia, that Empyrean has outstanding obligations under the relevant Petroleum Contract entered into with CNOOC and that Empyrean has failed to pay certain amounts that CNOOC consider due and payable under the Petroleum Contract relating to the prospecting fee and exploration work. The Company rejects the outstanding amounts claimed, which total $12m, and has responded to the letter of demand requesting clarification of the basis for the demands made in the letter. At this time, it is too early for the Company to form any opinion on the merits of any demands made therein and the Company intends to continue dialogue with CNOOC and, in line with the provisions of the Petroleum Contract, to settle amicably through consultation any dispute arising in connection with the performance or interpretation of any provision of the Petroleum Contract. However, it is acknowledged that, in the event that the amounts claimed are called, further funding would be required, over and above that required to meet the day to day cash demand of the business for the foreseeable future. However, in order to meet the repayment terms of the Convertible Note (which was renegotiated in 2023), any further commitments at the Mako Gas Field, any potential further costs of cooperation on Block 29/11, any potential amounts payable to CNOOC that may crystalise and working capital requirements the Company is required to raise further funding either through equity or the sale of assets and as at the date of this report the necessary funds are not in place. The Company therefore requires additional funding to fund the ongoing cash needs of the business for the foreseeable future and may require further funding should it be required to settle amounts claimed by CNOOC. The Directors acknowledge that this funding is not guaranteed. These conditions indicate that there is a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern and, therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business. Given the above and the Company's proven track record of raising equity funds and advanced Mako sell-down process, which the Directors believe would be sufficient to meet all possible funding needs as set out above, the Directors have therefore concluded that it is appropriate to prepare the Company's financial statements on a going concern basis and they have therefore prepared the financial statements on a going concern basis. My Summary: Anyone buying into EME must realise that Wilson is like a last chance saloon. They need a success or for the sale process to come to a conclusion, OR....there will be another very significant fund raising. The last fund raising was a doubling of shares. Buyer beware. |
Posted at 09/1/2025 13:40 by showme01 If Coro's shareholders own only 6% after debt has been cleared with 15% of Duyung, EME looks hugely undervalued as EME shareholders own it all less paying off a far smaller debt, all be it that EME only owns 8.5% of Duyung and now has a near term drill with a 40% CoS that if successful, would propel EME's value up by £10's of millions on that one commercial success, then there is Duyung. Am I missing something? |
Posted at 18/12/2024 08:01 by mrblobbythe2nd The market is a forward indicator, the stale bulls who operate here look at their losses and blame everyone but themselves, these individuals pressed the BUY button at 1p/2p+ etc.The fall in the stock price of EME over the last 12 months is mainly due to market conditions plain and simple. Worth remembering that the current m/cap of EME is just £2.4m, the Mako stake is worth multiples of that, the upcoming Cooper Basin project could multiply that market value many times also. It is not like EME is selling at a £10m+ m/cap, there is excellent upside potential here for new entrants, that is why Nortrust have built their stake to 6% and could still be adding. Buy low sell the highs. |
Posted at 08/12/2024 14:32 by lipov Development cost of 100% share of Mako is around 322m, cannot remember the exact number. If Eme keeps 4% they have to fund 13m or so. This can be easily funded and paid for from first day of revenue generation, usually up to 50% of net income each year.Wilson will be drilled otherwise placing wouldn’t occur. It is in huge interest for CEO to be drilled. Topaz and Gaz B are hand in hand, they won’t let it go. Gaz B. just has to show Cnooc 12m and will be drilled when weather permits. I believe that will happen if Eme decides to sell Mako down completely. Judijudi how long have you been in oil exploration business as a holder of companies shares? Because you are asking questions or making statement that are a bit unusual. The best you managed to figure out was that nortrust is buying for steady income and dividends. Which just going by reading your posts here on Eme, it was a bit of a ‘shocker’ |
Posted at 08/12/2024 13:18 by lipov Selling 158m will not be a problem when mako farm down occurs and Wilson well is commercial. However I agree that most likely they see high chance of EME being revenue/dividends generating in the future. Eme might well sell only portion of 8.5% and keep the rest for nice income after 2026. I wouldn’t be surprised if Eme only sells portion which would be equivalent in relative terms to Conrad sell down. Conrad will probably want to keep minority stake and Eme too. There is a good upside exploration potential in Duyung asset. Why say no to it?! New Mako developer would want to have certainly above 50% if not much more.Eme and Conrad did similar type of sell transaction to Coro where both of them decided to sell just a portion of Duyung license to Coro. I think Eme did give away 1.5%. So, agree that Nortrust is here because there is high chance Eme will be a good revenue generating company (dividends)and if Wilson comes in, even better. Highly likely after reading Conrad presentation and their rns that sell down will be completed shortly and Fid as well, max end of q1 imo. |
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