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EME Empyrean Energy Plc

0.40
0.029 (7.82%)
24 May 2024 - Closed
Delayed by 15 minutes
Empyrean Energy Investors - EME

Empyrean Energy Investors - EME

Share Name Share Symbol Market Stock Type
Empyrean Energy Plc EME London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.029 7.82% 0.40 16:35:20
Open Price Low Price High Price Close Price Previous Close
0.40 0.371
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 03/5/2024 12:18 by georgesorrow
Meanwhile, Conrad seems to be touching an all time low. Good news can’t be far away then.*

*Note for non-sophisticated investors: sarcasm.
Posted at 19/4/2024 13:02 by safiande
Blakie,

New updated Q2 presentation issued yesterday 18 Apr by Coro just 3 days since the initial Q2 release on 15 Apr. However there doesn´t appear to be any material differences. Still includes the strange internal timeline of Q1 2025 for FID. Also still includes the revised overall resource estimate which differs from EME´s RNS figure as derived from CRD´s annual report. Main reason seems to be that the Coro numbers are "unrestrained by the PSC life" whereas the EME / CRD numbers are to 2037 only. The latter makes more sense as CRD may not even be awarded the post 2037 licence.
Posted at 15/4/2024 16:48 by safiande
Updated presentation today 15 Apr from Coro.
GSA approvals & Farm out bid this qtr.
FID ( Coro timeline )appears to have slipped to Q1 2025 which is clearly incorrect. FID as per Conrad is mid 2024 to meet first prod in mid 2026.
Posted at 06/3/2024 00:16 by showme01
Announcement today from Conrad closing off its additional placement of new shares for eligible shareholders who could apply up to oz$ 30,000



Conrad Managing Director and Chief Executive Officer, Miltos Xynogalas, commented:
We are delighted with the strong support we have received in the Placement, SPP and SPP Shortfall Placement. The capital
raised from our existing and new shareholders include some of the largest institutional investors in Australia. This capital raise
puts us in a strong position to pursue our near-term objectives of progressing our gas sales agreements as well as continue our
gas commercialisation efforts of our gas discoveries offshore Aceh following our MOU with PGN announced last week.
Posted at 23/2/2024 10:46 by blakieboy7
SP Angel comments Conrad Asia Energy (CRD AU) A$0.95, Market Cap A$167m: Mako milestone passed • Conrad announced that the gas price and volume allocation for the Mako field project in the Duyung PSC (76.5% WI) has been approved by the Indonesian Minister of Energy and Natural Resources. • This is a significant milestone that allows the Company to finalise fully termed gas sales agreements (GSA), as it serves as the formal basis for reserving pipeline capacity for the evacuation of Mako gas. • Conrad is continuing to work with the relevant parties and SKK Migas to finalise the GSAs and hopes to take a final investment decision (FID) on the Mako field in mid-2024 that will target first gas in mid-2026. • Conrad continues to engage in discussions with potential partners regarding the farm down of the Duyung PSC, which will likely include the interests of its JV partners Coro (15%) and Empyrean (8.5%).The stock prices of Conrad's UK-listed partners, Coro Energy (CORO LN) and Empyrean Energy (EME LN), are up strongly (+25%) in early trading, which reflects the importance of the completion of the GSAs to farm down negotiations and thereby the future funding of both companies. Mako is the largest undeveloped gas field in the offshore Indonesia West Natuna Basin and the partners plan to export most of the gas by an existing pipeline network to Singapore. Only last month, Conrad told investors that the Mako Phase 1 development capex estimate has risen 30% to $325m, which reflects industry inflation, and that the Company forecasts $250m gross capex to first gas in mid-2026 based on a 120mmcf/d plateau rate. However, Conrad remains confident that the negotiations will be finalised by the end of 2Q24 and investors should continue to look for updates on the GSA talks and farm-down process for the Mako gas development, which will resolve the upcoming refinancing of Coro's Eurobond that matures in April 2024.
Posted at 18/2/2024 14:40 by jemjem
There was an interesting financing RNS last week from Empyrean Energy (EME.L E1E.F), which announced that it has raised £700,000 through a placing at 0.25p per share. Subscribers are also receiving 1 warrant exercisable at 0.5p for every 2 placing shares subscribed for. Of particular note and quite unusual in the UK, investors have agreed a 3-month lock-in on the placing shares and the warrants will only become exercisable if the placing shares are held for a minimum period of 6 months. The issue was at a 20.6% discount, yet the share price instead of falling (as is the norm) rose substantially on the news to more than twice the placing price.Comment from Oilman Jim
Posted at 13/2/2024 18:34 by bones698
Just shows how mental the aim market is. Any oTher share would have collapsed on the news but this rises lol. Shows investors and mms are just taking punters for mugs. This will head down to 0.2p after sucking in mugs
Posted at 04/2/2024 19:01 by mhfrancis
The missing 2 million could be top priority for management past time to get the finger out, it could save the day why not ask the seller for a forward payment gla tough times for investors keep the faith we are in the land of the living
Posted at 02/2/2024 08:01 by currypasty
Conrad Successfully Completes Oversubscribed A$13 million Placement to Advance Gas Projects and Announces A$2 million Security Purchase Plan

Highlights
Conrad has received firm commitments to raise A$13 million at an issue price of A$0.95 per CHESS Depositary Interest (“CDI”) by way of a placement ("Placement").
The Placement saw strong interest from new and existing institutional and sophisticated investors with demand exceeding anticipated commitments for CDIs under the offer.
Proceeds will be used to complete a 3D seismic survey across the shallow water Aceh gas discoveries and continued project costs associated with the Mako gas project, as well as general working capital.
The successful completion of the Placement ensures that the company will remain well funded through a number of near-term goals designed to further de-risk the Mako gas project and progress other key initiatives, including:
Finalisation of binding gas sale agreements for Mako to supply gas to Singapore;
Conclusion of Duyung Production Sharing Contract ("PSC") Farm-Down process;
Finalisation of project financing discussions;
Mako final investment decision; and
Maturing gas commercialisation initiatives in Aceh.
Conrad also announces a security purchase plan (“SPP”) to eligible securityholders in Australia, New Zealand, Hong Kong, Indonesia, Malaysia, Seychelles, Singapore, the United Kingdom and the United States to raise approximately A$2 million.
Posted at 24/1/2024 21:29 by xongkudu
I’m not sure TK is credible or investable any more. Which institution investors would when there are much better options out there?

Even if someone was stupid or brave enough to take a punt at say 0.35p any rise would be hit by a tsunami of selling and it would be nigh impossible to beat the spread and get any reasonable profit.

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